Zacks Research Brokers Decrease Earnings Estimates for RRR

Red Rock Resorts, Inc. (NASDAQ:RRR) – Zacks Research dropped their Q1 2025 earnings estimates for Red Rock Resorts in a report released on Tuesday, March 4th. Zacks Research analyst M. Kaushik now expects that the company will earn $0.46 per share for the quarter, down from their previous estimate of $0.51. 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’ Q3 2025 earnings at $0.39 EPS.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, beating 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%.

Several other analysts have also commented on the stock. Macquarie lowered their price objective on shares of Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Barclays cut their price target on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Susquehanna boosted their target price on Red Rock Resorts from $60.00 to $61.00 and gave the stock a “positive” rating in a research report on Wednesday, February 12th. Mizuho increased their price target on Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Stifel Nicolaus upped their target price on shares of Red Rock Resorts from $50.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.33.

Red Rock Resorts Price Performance

Shares of Red Rock Resorts stock opened at $47.01 on Friday. The business has a 50 day moving average of $48.22 and a 200 day moving average of $50.94. Red Rock Resorts has a 52 week low of $42.46 and a 52 week high of $63.28. The company has a market cap of $4.99 billion, a PE ratio of 18.73, a P/E/G 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.

Institutional Investors Weigh In On Red Rock Resorts

A number of institutional investors and hedge funds have recently modified their holdings of RRR. Bamco Inc. NY boosted its holdings in shares of Red Rock Resorts by 6.9% in the fourth quarter. Bamco Inc. NY now owns 11,356,201 shares of the company’s stock valued at $525,111,000 after purchasing an additional 732,917 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Red Rock Resorts by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 5,181,146 shares of the company’s stock worth $239,576,000 after purchasing an additional 50,193 shares during the period. Eminence Capital LP increased its stake in shares of Red Rock Resorts by 36.1% in the fourth quarter. Eminence Capital LP now owns 2,056,588 shares of the company’s stock worth $95,097,000 after acquiring an additional 546,047 shares during the period. Long Pond Capital LP boosted its stake in shares of Red Rock Resorts by 142.5% in the fourth quarter. Long Pond Capital LP now owns 1,474,153 shares of the company’s stock worth $68,165,000 after buying an additional 866,320 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of Red Rock Resorts by 20.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,344,058 shares of the company’s stock valued at $62,149,000 after purchasing an additional 229,843 shares in the last quarter. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 2.13%. Red Rock Resorts’s payout ratio is 39.84%.

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.