How Weaker Earnings and a Steady Dividend at Red Rock Resorts (RRR) Have Changed Its Investment Story
Red Rock Resorts (RRR) recently reported weaker Q2 and half-year earnings but maintained its quarterly dividend of US$0.26 per share. This combination, along with ongoing capital expenditures for new projects, raises questions about the company's balance between growth investments and shareholder returns. Despite the earnings dip, a discounted cash flow analysis suggests the stock may be undervalued, presenting a complex investment narrative for shareholders.
Red Rock Resorts (RRR) COO sells 9,791 shares and exercises 27,000 options
Red Rock Resorts (RRR) Executive Vice President & Chief Operating Officer, Kord Nichols, recently engaged in equity transactions. Nichols exercised 27,000 employee stock options at $24.98 per share on August 11, 2026, and subsequently sold 9,791 shares of Class A common stock at a weighted average price of $62.999 per share on August 12, 2026. After these transactions, Nichols still holds 81,625 employee stock options expiring in February 2028.
Red Rock Resorts COO Kord Nichols Exercises 27,000 Stock Options and Sells Shares in August 2026
Kord Nichols, Executive Vice President and Chief Operating Officer of Red Rock Resorts, Inc. (NASDAQ:RRR), exercised 27,000 employee stock options on August 11, 2026, at an exercise price of $24.98 per share. He subsequently disposed of 17,209 shares for tax withholding at $62.145 per share on the same day and sold an additional 9,791 shares on the open market on August 12, 2026, at a weighted average price of $62.999. Following these transactions, Nichols directly holds 113,760 shares of Class A Common Stock and retains 81,625 unexercised employee stock options.
Red Rock Resorts (RRR) Q2 2026 Earnings Call Transcript
Red Rock Resorts reported Q2 2026 net revenues of $510.3 million, down 3.0%, and net income of $76.6 million, a 29.3% decrease, primarily due to construction disruptions and the absence of a one-time Native American segment payment. The company is actively pursuing a multiproperty redevelopment strategy, including expansions at Durango, Sunset Station, and Green Valley Ranch, and is preparing for the North Fork project opening in Q4 2026. Despite temporary disruptions, the company emphasizes strong underlying demand, consistent operating model performance, and a balanced capital allocation approach focused on long-term shareholder value.
Red Rock Resorts, Inc. SEC Filing (Aug 12, 2026)
Red Rock Resorts, Inc. (RRR) filed a Form 144 with the SEC on August 12, 2026, detailing a proposed sale of 9,791 shares of common stock by an insider. The securities were acquired on August 11, 2026, through the net-settled exercise of employee options and are intended to be sold via Merrill Lynch on NASDAQ. This filing indicates an upcoming transaction involving employee options.
Why Red Rock Resorts (RRR) Is Down 6.6% After Weaker Q2 2026 Results And Dividend Update
Red Rock Resorts (RRR) experienced a 6.6% stock drop following weaker-than-expected Q2 2026 results, with sales of US$384.96 million and net income of US$39.12 million, down from US$56.40 million the previous year. Despite the earnings pressure due to ongoing renovation and construction projects, the company affirmed its US$0.26 per-share cash dividend. The upcoming full reopening of the Green Valley Ranch East Tower is anticipated as a key catalyst to support future operating performance.
Red Rock Resorts President Scott Kreeger disposes of 174,000 common shares worth $10.87 million
Red Rock Resorts President Scott Kreeger recently disposed of 174,000 Class A common shares worth $10.87 million. These transactions followed his exercise of options to acquire 175,000 Class A common shares. After these sales, Kreeger's direct Class A common stock holdings in Red Rock Resorts decreased to 203,881 shares.
Red Rock Resorts president Scott Kreeger sells $1.9m in stock
Red Rock Resorts (NASDAQ:RRR) President Scott Kreeger sold 31,159 shares of company stock worth $1.9 million on August 7, 2026, following the exercise of employee stock options totaling over $7.6 million. Additionally, Kreeger disposed of shares worth $8.9 million to cover tax withholding obligations. The company recently reported strong Q2 results and received a price target increase from Citizens, despite ongoing construction impacts.
Red Rock Resorts president Scott Kreeger sells $1.9m in stock By Investing.com
Scott Kreeger, President of Red Rock Resorts, sold 31,159 shares of Class
Red Rock Resorts President Scott Kreeger disposes of 174,000 common shares worth $10.87 million
Red Rock Resorts President Scott Kreeger disposed of 174,000 Class A common shares totaling $10.87 million. These transactions, occurring on August 6 and 7, included shares withheld for taxes and a direct sale, reducing his holdings to 203,881 shares. The information was generated by AI from an EDGAR filing.
Red Rock Resorts Balances Growth With Margin Pressures
Red Rock Resorts reported mixed Q2 earnings, showcasing strong free cash flow and progress on development projects like Durango and North Fork, but also experiencing revenue and margin declines due to renovations and one-time items. The company is balancing near-term pressures with a clear long-term growth strategy, prioritizing capital for strategic investments over share repurchases. Investors are closely watching execution and leverage trends as major developments continue.
Red Rock Resorts Balances Growth With Margin Pressures
Red Rock Resorts (RRR) reported mixed Q2 earnings, showcasing strong free cash flow and progress on major development projects like Durango and the North Fork tribal casino. However, the company faced revenue and margin pressures due to ongoing renovations, one-time items, and the absence of prior benefits. Despite these short-term challenges, management remains confident in long-term growth and shareholder returns, underscored by a regular dividend and disciplined capital allocation.
Red Rock Resorts plans sale of Class A shares | RRR SEC Filing - Form 144
Red Rock Resorts (NASDAQ: RRR) has filed a Form 144 indicating a planned sale of 31,159 shares of Class A common stock through Merrill Lynch. The shares, valued at $1,924,928.67, were acquired on August 6, 2026, via an exercise of employee stock options. The approximate sale date is August 7, 2026, with 59,130,385 shares of Class A common stock reported outstanding.
Red Rock Resorts (RRR) Stock Sinks As Margin Compression Erodes Profitability
Red Rock Resorts (RRR) stock recently fell 5.1% due to concerns over margin compression eroding profitability, despite Q2 2026 revenues of US$510.3m. While the company highlights strong gaming volumes and positive feedback from new projects, consolidated revenue and adjusted EBITDA declined, indicating that growth initiatives are not yet fully offsetting cost pressures. Investors are reacting to these margin and leverage concerns, with the stock showing weaker performance over recent periods.
Red Rock Resorts (RRR) Q2 2026 Earnings Call Transcript
Red Rock Resorts (RRR) reported Q2 2026 net revenues of $510.3 million, down 3.0%, and net income of $76.6 million, a 29.3% decrease, primarily due to the absence of a one-time payment and construction disruptions. Despite these challenges, Las Vegas operations delivered the second-highest net revenue and adjusted EBITDA in company history, with strong performance from the Durango property. The company is actively pursuing redevelopment projects at Sunset Station and Green Valley Ranch, and the North Fork tribal gaming project is on track for an early Q4 2026 opening, with significant capital expenditures planned for ongoing investments and future growth.
Red Rock Resorts, Inc. to Issue Quarterly Dividend of $0.26 (NASDAQ:RRR)
Red Rock Resorts, Inc. (NASDAQ:RRR) has announced a quarterly dividend of $0.26 per share, payable on September 30th to shareholders of record on September 15th. This annualizes to $1.04 per share, representing a 1.6% yield, and is supported by the company's earnings with a payout ratio of 58.8%. Analysts have a "Moderate Buy" consensus rating for RRR with an average price target of $71.29.
Red Rock Resorts Q2 Earnings Call Highlights
Red Rock Resorts (NASDAQ: RRR) reported a decline in Q2 2026 earnings compared to the previous year, with Las Vegas revenue down 2% to $503.2 million and adjusted EBITDA down 5% to $227.5 million, due to renovations and construction disruptions. Despite this, management noted it was the second-highest Q2 performance historically. The company is proceeding with expansion projects, including the $750 million North Fork project, and has returned approximately $198 million to shareholders year to date through dividends and buybacks.
Earnings call transcript: Red Rock Resorts tops Q2 2026 estimates as profit beats
Red Rock Resorts reported strong Q2 2026 results, exceeding Wall Street expectations with earnings of $0.67 per share and revenue of $510.3 million. Despite a slight year-over-year decline in consolidated net revenue and adjusted EBITDA due to construction and tough comparisons, the company achieved its second-best Q2 in history for these metrics. Management highlighted stable local market demand, strong cash generation, and progress on development projects like Durango and renovations at Green Valley Ranch and Sunset Station.
Earnings Flash (RRR) Red Rock Resorts Posts Q2 EPS $0.67, vs. FactSet Est of $0.51
Red Rock Resorts (RRR) announced its Q2 earnings per share (EPS) of $0.67, surpassing the FactSet estimate of $0.51. The company's revenue for the quarter was $510.3 million, also exceeding FactSet's estimate of $500.1 million. Red Rock Resorts also declared a Class A Common Share Dividend for the second quarter, payable on September 30, 2026.
Red Rock Resorts Declares $0.26 Dividend, Payable Sept. 30
Red Rock Resorts (NASDAQ: RRR) announced its second-quarter 2026 financial results, reporting a 3.0% decline in net revenues to $510.3 million and a 29.3% drop in net income to $76.6 million compared to the previous year. Despite the financial declines, the company's board declared a quarterly cash dividend of $0.26 per Class A share, payable on September 30, 2026. The report detailed decreased performance across both Las Vegas and Native American operations.
Red Rock posts Q2 2026 revenue $510.3M, adjusted EBITDA $208.0M, net income $76.6M
Red Rock Resorts (RRR) reported its second-quarter 2026 financial results, with net revenues reaching $510.3 million and net income at $76.6 million, both down from the previous year. The company's adjusted EBITDA for the quarter was $208.0 million. As of June 30, 2026, Red Rock had a cash balance of $136.5 million and total debt outstanding of $3.6 billion.
Red Rock Resorts, Inc. Declares Class A Common Share Dividend for Second Quarter Ended June 30, 2026, Payable on September 30, 2026
Red Rock Resorts, Inc. has announced a cash dividend of $0.26 per Class A common share for the second quarter, ending June 30, 2026. This dividend is scheduled to be paid on September 30, 2026, to shareholders of record as of September 15, 2026. This declaration follows the company's recent Q2 2026 earnings call, where it reported an EPS of $0.67 and revenue of $510.3 million.
42,763 Shares in Red Rock Resorts, Inc. $RRR Bought by SWP Investment Management LLC
SWP Investment Management LLC has acquired 42,763 shares of Red Rock Resorts, Inc. (NASDAQ:RRR) in the second quarter, valuing the stake at approximately $2.78 million and making it 1.9% of their portfolio. Several other institutional investors also adjusted their positions in RRR, with hedge funds and institutional investors collectively owning 47.84% of the stock. Analysts currently hold a "Moderate Buy" rating for RRR, with an average price target of $71.24 against a recent trading price of $65.61.
Red Rock Resorts, Inc. (NASDAQ:RRR) Given Consensus Rating of "Moderate Buy" by Analysts
Analysts have given Red Rock Resorts, Inc. (NASDAQ:RRR) a "Moderate Buy" consensus rating, with an average 12-month price target of $71.24. Despite some analysts lowering price targets, the overall sentiment remains positive with 14 buy ratings out of 18 firms. The company currently has a market capitalization of $6.77 billion, and institutional investors hold a significant 47.84% stake.
Renaissance Technologies LLC Increases Position in Red Rock Resorts, Inc. $RRR
Renaissance Technologies LLC significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 204.7% in the first quarter, now owning 300,400 shares valued at over $16 million. Despite missing EPS estimates, Red Rock Resorts saw a 1.9% year-over-year revenue increase, exceeding expectations. Analysts generally maintain a "Moderate Buy" rating with an average price target of $71.24, reflecting optimism about the company's future.
Red Rock Resorts, Inc. Class A Revenue Breakdown – FWB:RRK
This article provides a revenue breakdown for Red Rock Resorts, Inc. Class A (FWB:RRK), highlighting its top-performing segment and geographical contribution. Last year, the company generated 1.71 billion EUR, with the Las Vegas Operations segment contributing the most at 1.69 billion EUR. The United States was the primary geographical contributor, accounting for 1.71 billion EUR.
Red Rock Resorts (RRR) Projected to Post Quarterly Earnings on Tuesday
Red Rock Resorts (RRR) is anticipated to release its Q2 2026 earnings after the market closes on Tuesday, August 4th, with analysts forecasting earnings of $0.51 per share and revenue of approximately $500.1 million. The previous quarter saw the company miss earnings expectations, reporting $0.73 EPS against a $0.90 consensus, though revenue increased by 1.9% year-over-year. Despite this, analysts maintain a "Moderate Buy" rating with an average target price of $71.24 for the stock.
Arrowstreet Capital Limited Partnership Lowers Position in Red Rock Resorts, Inc. $RRR
Arrowstreet Capital Limited Partnership reduced its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 17.7% in the first quarter, selling 237,075 shares and retaining 1,099,704 shares valued at approximately $58.68 million. Despite this reduction, other institutional investors increased their holdings, and analysts maintain a "Moderate Buy" rating with an average price target of $71.24 for Red Rock Resorts. The company reported first-quarter earnings of $0.73 per share, missing consensus estimates, and revenue of $507.32 million, exceeding expectations.
Red Rock Resorts, Inc. $RRR Stake Lifted by Hsbc Holdings PLC
HSBC Holdings PLC significantly increased its stake in Red Rock Resorts (NASDAQ: RRR) by 168.3% in the first quarter, now owning 86,798 shares worth $4.64 million. Despite missing Q1 earnings estimates, the company's revenue slightly exceeded expectations, and Wall Street maintains a "Moderate Buy" consensus with a target price of $71.24. Red Rock Resorts also recently declared a quarterly dividend of $0.26 per share.
Orvieto Partners L.P. Makes New $2.67 Million Investment in Red Rock Resorts, Inc. $RRR
Orvieto Partners L.P. has made a new $2.67 million investment in Red Rock Resorts, Inc. ($RRR), acquiring 50,000 shares which now constitute 2.3% of their portfolio. Other institutional investors also adjusted their holdings, with hedge funds and institutions collectively owning 47.84% of the shares. Analysts maintain a "Moderate Buy" rating with an average target price of $71.24 for Red Rock Resorts.
Red Rock Resorts, Inc. $RRR Shares Purchased by Fifth Third Bancorp
Fifth Third Bancorp significantly increased its stake in Red Rock Resorts, Inc. (NASDAQ:RRR) by 68,444.0%, acquiring an additional 34,222 shares during the first quarter. Other institutional investors like GAMMA Investing LLC and Commonwealth Equity Services LLC also adjusted their holdings. Red Rock Resorts' stock opened at $63.89, and the company recently declared a quarterly dividend of $0.26 per share.
Red Rock Resorts, Inc. (RRR) Stock Forecasts
Argus has issued a HOLD rating for Red Rock Resorts Inc (RRR) and lowered its target price to $67.00. The report, dated July 15, 2026, details subratings including Low for Industry and Financial Strength, and Medium for Management and Growth, with a High Value Subrating. The current price of RRR is $63.96.
Wave of Analyst Upgrades Could Be A Game Changer For Red Rock Resorts (RRR)
Recent analyst upgrades, including Wells Fargo's move to Overweight, suggest growing confidence in Red Rock Resorts as it transitions from construction to generating returns from its expanded Las Vegas properties. The company's ongoing share repurchase program and dividend payouts, alongside the positive analyst sentiment, put a spotlight on whether new and refreshed properties can sustain earnings growth. The article presents a fair value estimate of $69.29 with a 6% upside, while noting community members have a higher estimate, and urges investors to consider the concentration risk in the Las Vegas locals market.
Lobbying Update: $60,000 of RED ROCK RESORTS INC. lobbying was just disclosed
RED ROCK RESORTS INC. (RRR) disclosed $60,000 in lobbying expenditures for Q2 2026, focusing on issues affecting the gaming industry and specific legislative acts. The article also provides recent hedge fund activity, noting both increases and decreases in RRR stock positions, and lists recent analyst ratings and price targets for the company.
JPMorgan Chase & Co. Boosts Red Rock Resorts (NASDAQ:RRR) Price Target to $72.00
JPMorgan Chase & Co. has increased its price target for Red Rock Resorts (NASDAQ:RRR) to $72.00 from $66.00, maintaining an "overweight" rating. This new target suggests a potential upside of 12.50% from the stock's previous close. Despite mixed quarterly results where EPS missed estimates but revenue slightly exceeded them, the consensus analyst rating for Red Rock Resorts remains a "Moderate Buy" with an average price target of $69.75.
Wells Fargo Upgrades Red Rock Resorts to Overweight From Equalweight, Raises Price Target to $75 From $55
Wells Fargo has upgraded Red Rock Resorts (RRR) from Equalweight to Overweight and increased its price target from $55 to $75. The article highlights recent news regarding Red Rock Resorts, including its removal from several Russell indexes in late June, and provides a company profile detailing its operations as a casino and gaming provider in Las Vegas.
Price to book forward of Red Rock Resorts, Inc. Class A – LS:A2AHN4
This article displays the "Price to book forward" for Red Rock Resorts, Inc. Class A (LS:A2AHN4) on TradingView. It provides financial data and market information for the company, accessible through the platform's interface. The page indicates that the market is currently closed with no trades.
SG Americas Securities LLC Has $387,000 Holdings in Red Rock Resorts, Inc. $RRR
SG Americas Securities LLC significantly reduced its stake in Red Rock Resorts (NASDAQ:RRR) by 71.5% in the first quarter, now holding 7,244 shares valued at $387,000. Despite the company missing earnings per share consensus, revenue slightly exceeded estimates, and analysts currently assign a "Moderate Buy" rating with an average target price of $68.12. Other institutional investors like GAMMA Investing LLC and Commonwealth Equity Services LLC either increased or maintained their positions in Red Rock Resorts.
Red Rock Resorts, Inc. (NASDAQ:RRR) Given Average Recommendation of "Moderate Buy" by Brokerages
Red Rock Resorts (NASDAQ: RRR) has received a consensus "Moderate Buy" rating from 17 brokerages, with an average 12-month price target of $67.94, despite several firms recently trimming their price objectives. The stock was down 4.3% at $63.32 after its latest earnings missed EPS estimates but slightly beat on revenue. Institutional investors have significantly increased their stakes, with 47.84% of the company's stock owned by institutional investors and hedge funds.
Boyd Gaming Stock And 2 Nevada Picks Tied To AI Infrastructure Growth
This article examines three stocks — Boyd Gaming (BYD), Red Rock Resorts (RRR), and Lithium Americas (LAC) — that are strategically positioned to benefit from Nevada's emerging role as a hub for AI infrastructure, data centers, and lithium projects. It highlights how these companies are tied to the state's expanding workforce and rising average hourly pay, offering investors exposure to both traditional local economies and burgeoning tech sectors. The analysis delves into each company's operations, market cap, and specific risks and rewards as they navigate these evolving economic trends in Nevada.
21,500 Shares in Red Rock Resorts, Inc. $RRR Bought by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System has initiated a new position in Red Rock Resorts, Inc. (NASDAQ:RRR) by purchasing 21,500 shares valued at approximately $1.15 million in the first quarter. This new stake contributes to the significant institutional ownership of 47.84% in the company, with other notable institutional investors also increasing their holdings. Despite a "Moderate Buy" consensus from analysts and a $67.94 average target price, the company recently missed EPS expectations in its last quarterly report, although it slightly exceeded revenue forecasts.
Red Rock Resorts sets Aug. 4 earnings call for Q2 2026 results
Red Rock Resorts (NASDAQ: RRR) announced it will release its second quarter 2026 financial results on Tuesday, August 4, 2026. A conference call will follow on the same day at 4:30 p.m. ET to discuss the results and include a question and answer session. Investors can access the call via dial-in numbers or a live webcast, with a replay available through August 11, 2026.
Red Rock Resorts (RRR): Does Russell Index Removal Quietly Reshape Its Long‑Term Investor Base?
Red Rock Resorts (RRR) was removed from several Russell indices on June 27, 2026, which may influence its investor base and liquidity rather than its day-to-day operations. The company's investment narrative focuses on its Las Vegas locals market presence, supported by share repurchases and ongoing development projects. Despite the index changes, Red Rock Resorts' core catalysts remain project ramp-ups and capital returns, with a forecast of $2.3 billion revenue and $253.9 million earnings by 2029.
Red Rock Resorts, Inc.(NasdaqGS:RRR) dropped from Russell 2000 Value-Defensive Index
Red Rock Resorts, Inc. (NasdaqGS:RRR) has been removed from the Russell 2000 Value-Defensive Index. The company, which operates various casino and gaming properties in Las Vegas, Nevada, has also been dropped from several other Russell indices recently. This announcement comes amid other news, including executive changes and analyst price target adjustments for Red Rock Resorts.
Red Rock Resorts, Inc.(NasdaqGS: RRR) dropped from Russell 3000E Value Benchmark
Red Rock Resorts, Inc. (NasdaqGS: RRR) has been removed from the Russell 3000E Value Benchmark. This news follows several other announcements of the company being dropped from various Russell indices, including the Russell 2000 Value Benchmark and Russell 2500 Value Benchmark, all occurring around late June 2026. The company operates as a holding company with indirect equity in Station Casinos LLC, a gaming, hospitality, and entertainment provider in Las Vegas.
Price to sales forward of Red Rock Resorts, Inc. Class A – TRADEGATE:RRK
This page provides financial data for Red Rock Resorts, Inc. Class A (RRK) on the Tradegate Exchange, specifically focusing on its forward price-to-sales ratio. The content indicates that the market was closed with no trades at the time of viewing, suggesting a focus on historical or static financial metrics rather than live trading data.
Price to earnings forward of Red Rock Resorts, Inc. Class A – TRADEGATE:RRK
This article provides the "Price to earnings forward" value for Red Rock Resorts, Inc. Class A (RRK) traded on the Tradegate Exchange. It indicates that the market was closed with no trades executed during the reported period. The content is primarily a data point display from TradingView, including market data and reference data provided by ICE Data Services and FactSet, respectively.
Enterprise value to EBIT forward of Red Rock Resorts, Inc. Class A – TRADEGATE:RRK
This article provides financial data for Red Rock Resorts, Inc. Class A (RRK) on the Tradegate Exchange, specifically focusing on its enterprise value to EBIT forward. It is presented on the TradingView platform, which offers various market data services and tools for investors.
Lithium Americas Stock And Nevada Shares Tied To The State’s AI Shift
Nevada's economy is rapidly transitioning due to AI infrastructure, lithium supply chains, and higher-paying service jobs, creating new dynamics for local companies. This article examines Boyd Gaming (BYD) and Red Rock Resorts (RRR) which face challenges and opportunities in this shift, and Lithium Americas (LAC) which is positioned to benefit from the state's focus on lithium and AI-related investments despite early-stage risks. The analysis delves into how these companies are impacted by Nevada's evolving economic landscape.
Cybersecurity Lawsuit and Disclosure Questions Could Be A Game Changer For Red Rock Resorts (RRR)
A class action lawsuit has been filed against Red Rock Resorts (RRR) subsidiary, Station Casinos, following a March 2026 cybersecurity data breach and delayed notification. The company's decision not to file an SEC Form 8-K regarding the incident raises questions about its disclosure practices and governance oversight, potentially impacting its investment narrative and risk profile. Investors are urged to consider these emerging cyber and governance concerns alongside the company's growth pipeline.
