Zacks Research Analysts Lower Earnings Estimates for RRR

Red Rock Resorts, Inc. (NASDAQ:RRR) – Equities research analysts at Zacks Research lowered their Q2 2025 EPS estimates for shares of Red Rock Resorts in a report issued on Tuesday, March 4th. Zacks Research analyst M. Kaushik now expects that the company will post earnings per share of $0.39 for the quarter, down from their prior forecast of $0.43. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.76 per share. Zacks Research also issued estimates for Red Rock Resorts’ FY2025 earnings at $1.69 EPS, Q1 2026 earnings at $0.53 EPS, Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $1.86 EPS and FY2027 earnings at $2.13 EPS.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%.

A number of other research firms have also recently commented on RRR. Macquarie reduced their target price on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Mizuho upped their price objective on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Jefferies Financial Group reissued a “hold” rating and issued a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. Susquehanna upped their price objective on Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research note on Wednesday, February 12th. Finally, JMP Securities dropped their price target on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research note on Thursday, January 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Red Rock Resorts has a consensus rating of “Hold” and an average price target of $57.33.

Red Rock Resorts Trading Down 1.7 %

RRR stock opened at $47.07 on Thursday. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 4.32 and a beta of 2.01. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28. The business has a fifty day simple moving average of $48.21 and a 200-day simple moving average of $50.97. Red Rock Resorts has a 52 week low of $42.46 and a 52 week high of $63.28.

Red Rock Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts’s payout ratio is 39.84%.

Institutional Investors Weigh In On Red Rock Resorts

A number of institutional investors and hedge funds have recently modified their holdings of RRR. US Bancorp DE grew its position in Red Rock Resorts by 2,223.9% during the 3rd quarter. US Bancorp DE now owns 1,557 shares of the company’s stock worth $85,000 after purchasing an additional 1,490 shares in the last quarter. Olympiad Research LP acquired a new position in Red Rock Resorts in the third quarter worth approximately $401,000. GSA Capital Partners LLP acquired a new stake in shares of Red Rock Resorts in the 3rd quarter valued at $842,000. Crystal Rock Capital Management lifted its position in shares of Red Rock Resorts by 19.1% in the third quarter. Crystal Rock Capital Management now owns 54,200 shares of the company’s stock worth $2,951,000 after buying an additional 8,700 shares during the last quarter. Finally, MQS Management LLC bought a new stake in Red Rock Resorts during the third quarter worth approximately $392,000. 47.84% of the stock is owned by institutional investors and hedge funds.

About Red Rock Resorts

Red Rock Resorts, Inc, through its interest in Station Casinos LLC, develops and operates casino and entertainment properties in the United States. The company owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market.