Red Rock Resorts (NASDAQ:RRR) Given New $59.00 Price Target at Wells Fargo & Company

Red Rock Resorts (NASDAQ:RRR) had its price objective hoisted by analysts at Wells Fargo & Company from $58.00 to $59.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 13.09% from the company’s previous close.

A number of other brokerages also recently weighed in on RRR. Citizens Jmp upped their price target on shares of Red Rock Resorts from $65.00 to $68.00 and gave the company a “market outperform” rating in a report on Wednesday, January 14th. Jefferies Financial Group reiterated a “buy” rating on shares of Red Rock Resorts in a report on Wednesday, December 24th. Truist Financial set a $75.00 target price on shares of Red Rock Resorts in a report on Tuesday, January 13th. Stifel Nicolaus set a $75.00 price target on Red Rock Resorts in a report on Wednesday. Finally, Macquarie Infrastructure increased their price objective on Red Rock Resorts from $67.00 to $68.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Red Rock Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $67.64.

Red Rock Resorts Stock Up 1.6%

Shares of RRR stock opened at $67.89 on Wednesday. Red Rock Resorts has a 1 year low of $35.09 and a 1 year high of $68.99. The company has a debt-to-equity ratio of 10.11, a quick ratio of 0.70 and a current ratio of 0.75. The business’s fifty day moving average is $61.92 and its 200-day moving average is $60.01. The stock has a market cap of $7.19 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 2.79 and a beta of 1.49.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.34. Red Rock Resorts had a return on equity of 59.86% and a net margin of 9.52%.The business had revenue of $511.78 million during the quarter, compared to analyst estimates of $500.90 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Equities analysts expect that Red Rock Resorts will post 1.76 earnings per share for the current fiscal year.

Red Rock Resorts declared that its Board of Directors has authorized a stock repurchase program on Tuesday, October 28th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Red Rock Resorts

A number of hedge funds have recently added to or reduced their stakes in RRR. Bamco Inc. NY raised its stake in Red Rock Resorts by 5.7% during the 2nd quarter. Bamco Inc. NY now owns 12,269,004 shares of the company’s stock valued at $638,356,000 after purchasing an additional 666,593 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Red Rock Resorts by 6.7% during the 3rd quarter. Vanguard Group Inc. now owns 5,564,421 shares of the company’s stock worth $339,764,000 after purchasing an additional 349,822 shares during the period. Eminence Capital LP raised its position in shares of Red Rock Resorts by 23.4% during the second quarter. Eminence Capital LP now owns 3,059,372 shares of the company’s stock valued at $159,179,000 after buying an additional 581,061 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Red Rock Resorts by 2,248.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,354,644 shares of the company’s stock valued at $82,715,000 after buying an additional 1,296,956 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Red Rock Resorts by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,188,664 shares of the company’s stock valued at $73,648,000 after buying an additional 4,759 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

More Red Rock Resorts News

Here are the key news stories impacting Red Rock Resorts this week:

• Positive Sentiment: Q4 beat on both EPS and revenue — Red Rock reported $0.75 EPS vs. consensus $0.41 and revenue of $511.8M (up 3.2% YoY), with management calling out strong casino performance across its properties. This is the primary fundamental driver lifting the stock. PR Newswire: Q4 and full-year 2025 results
• Positive Sentiment: Near‑record year and strong local-casino trends — media coverage and the earnings commentary highlight a near‑record year driven by local gaming demand, supporting organic revenue resilience. Yahoo: Near-record year
• Positive Sentiment: Shareholder returns: company declared multiple cash payouts (a $1.00 distribution around Feb. 27 and a quarterly $0.26 payout with a March record date), which boosts near‑term investor income and signals management confidence in cash flow. (Dividend notices announced Feb. 10.)
• Positive Sentiment: Investor endorsement / property upside — a Baron Partners Fund letter and coverage note that Red Rock is capitalizing on its Durango property, pointing to potential incremental value from asset performance or development. InsiderMonkey: Durango property
• Neutral Sentiment: Analyst / transcripts and model checks — earnings call transcript and multiple write-ups (Seeking Alpha, Zacks, MarketBeat) provide detail for modeling; sell‑side consensus still expects ~1.76 EPS for the fiscal year, so guidance/forward commentary will determine further moves. Seeking Alpha: Q4 call transcript
• Negative Sentiment: Liquidity and leverage remain concerns — quick ratio ~0.70, current ratio ~0.75 and a high debt-to-equity (~10.11) indicate leverage and short-term liquidity are weaker than peers, which could cap valuation multiple expansion. (Background financial metrics.)
• Negative Sentiment: EPS slightly down YoY despite the beat — Q4 EPS was $0.75 vs. $0.76 a year ago, showing the beat was driven mainly by lower expectations rather than clear year‑over‑year earnings growth; investors will watch margin trends and forward outlook. Zacks: Q4 results

Red Rock Resorts Company Profile

Red Rock Resorts, Inc (NASDAQ: RRR) is a publicly traded gaming and hospitality company headquartered in Summerlin, Nevada. The company owns and operates a diversified portfolio of full-service casino resorts and neighborhood gaming properties in the Las Vegas valley. Its core business activities include resort hotel accommodations, casino gaming, food and beverage operations, entertainment and convention services designed to meet the needs of both leisure and business travelers.

The company’s flagship resort, Red Rock Casino Resort & Spa, features a full range of table games, slot machines, a luxury spa, convention space, multiple signature restaurants and live entertainment venues.