Red Rock Resorts (NASDAQ:RRR) Given Buy Rating at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Red Rock Resorts (NASDAQ:RRR) in a report published on Wednesday morning, MarketBeat reports. The brokerage currently has a $80.00 target price on the stock, up from their prior target price of $75.00.

Other analysts also recently issued research reports about the company. Stifel Nicolaus boosted their price objective on Red Rock Resorts from $71.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho set a $77.00 target price on Red Rock Resorts in a report on Wednesday. Wells Fargo & Company raised their price target on Red Rock Resorts from $58.00 to $59.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Red Rock Resorts in a research note on Thursday, January 22nd. Finally, Barclays lifted their price objective on shares of Red Rock Resorts from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

Red Rock Resorts Stock Performance

Shares of NASDAQ:RRR traded down $1.60 during trading on Wednesday, reaching $63.27. 133,816 shares of the stock were exchanged, compared to its average volume of 622,831. Red Rock Resorts has a 12 month low of $35.09 and a 12 month high of $68.99. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 10.11. The firm has a market cap of $6.70 billion, a PE ratio of 20.21, a PEG ratio of 2.84 and a beta of 1.49. The stock has a 50-day moving average price of $62.05 and a 200-day moving average price of $60.05.

Red Rock Resorts (NASDAQ:RRR) last issued its earnings results on Tuesday, February 10th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.34. The company had revenue of $511.78 million for the quarter, compared to analysts’ expectations of $500.90 million. Red Rock Resorts had a return on equity of 58.12% and a net margin of 9.35%.Red Rock Resorts’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Research analysts expect that Red Rock Resorts will post 1.76 EPS for the current fiscal year.

Red Rock Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 16th. Red Rock Resorts’s payout ratio is presently 33.23%.

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

Institutional Investors Weigh In On Red Rock Resorts

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

Key Stories Impacting Red Rock Resorts

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

• Positive Sentiment: Q4 results beat expectations — revenue $511.8M (up 3.2% YoY) and EPS $0.75 vs. ~$0.41 consensus; company and media noted strong casino revenue. Red Rock Resorts Announces Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Company declared a meaningful special dividend of $1.00 per share (record Feb 20, pay Feb 27) in addition to a regular quarterly dividend, returning cash to shareholders — a near-term catalyst for income-focused investors. Press Release (dividend details)
• Positive Sentiment: Truist reaffirmed a “buy” and raised its price target to $80 (up from $75), signaling analyst conviction in upside over the next 12 months. Truist raises price target to $80
• Positive Sentiment: Investor write-ups highlight upside from the Durango property expansion/optimization, which management and some funds view as a growth driver. RRR is Capitalizing on Its Durango Property
• Neutral Sentiment: Management hosted an earnings call and several transcripts/recaps are available — useful for detail on margins, regional trends, and capital allocation but they largely reiterate the published results. Q4 2025 Earnings Call Transcript
• Neutral Sentiment: Regular quarterly dividend of $0.26 was declared (record Mar 16, pay Mar 31) — modest yield that complements the special payout.
• Negative Sentiment: Wells Fargo moved its price target slightly to $59 but kept an “equal weight” rating — the target sits below the current price, reflecting a more cautious near-term view that may have pressured the stock. Wells Fargo equal weight note
• Negative Sentiment: Despite the beat and special dividend, shares pulled back — likely profit-taking after recent gains and mixed analyst messaging; watch for trading around the upcoming ex-dividend dates which can affect short-term stock movement.

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.