Zacks Research Brokers Reduce Earnings Estimates for RRR

Red Rock Resorts, Inc. (NASDAQ:RRR) – Research analysts at Zacks Research decreased their Q1 2025 earnings per share estimates for Red Rock Resorts in a note issued to investors 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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a net margin of 7.94% and a return on equity of 71.00%.

Several other equities analysts have also recently issued reports on the company. Truist Financial reduced their price objective on Red Rock Resorts from $56.00 to $49.00 and set a “hold” rating for the company in a report on Tuesday, January 14th. Jefferies Financial Group reaffirmed a “hold” rating and set a $51.00 price target (down previously from $64.00) on shares of Red Rock Resorts in a research note on Friday, January 3rd. JMP Securities decreased their price objective on shares of Red Rock Resorts from $61.00 to $57.00 and set a “market outperform” rating on the stock in a research report on Thursday, January 16th. Mizuho raised their target price on shares of Red Rock Resorts from $44.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Barclays reduced 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Red Rock Resorts currently has an average rating of “Hold” and an average target price of $57.33.

Red Rock Resorts Trading Down 1.7 %

Shares of Red Rock Resorts stock opened at $47.07 on Friday. The company has a 50-day moving average of $48.21 and a two-hundred day moving average of $50.97. The stock has a market cap of $4.99 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. Red Rock Resorts has a 12-month low of $42.46 and a 12-month high of $63.28.

Red Rock Resorts Dividend Announcement

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

Institutional Investors Weigh In On Red Rock Resorts

Hedge funds have recently made changes to their positions in the business. Barclays PLC boosted its stake in Red Rock Resorts by 227.9% in the 3rd quarter. Barclays PLC now owns 78,932 shares of the company’s stock worth $4,297,000 after buying an additional 54,863 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Red Rock Resorts during the 3rd quarter worth about $842,000. Westfield Capital Management Co. LP boosted its position in shares of Red Rock Resorts by 3.5% in the third quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company’s stock worth $61,763,000 after acquiring an additional 38,443 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Red Rock Resorts by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 89,197 shares of the company’s stock valued at $4,856,000 after purchasing an additional 14,148 shares during the period. Finally, Geode Capital Management LLC increased its position in Red Rock Resorts by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock worth $63,776,000 after purchasing an additional 14,029 shares during the last quarter. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Company Profile

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.