Zacks Research Issues Pessimistic Outlook for RRR Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR) – Analysts at Zacks Research decreased their Q4 2024 EPS estimates for Red Rock Resorts in a research note issued to investors on Wednesday, November 27th. Zacks Research analyst M. Kaushik now anticipates that the company will earn $0.39 per share for the quarter, down from their previous forecast of $0.44. The consensus estimate for Red Rock Resorts’ current full-year earnings is $1.57 per share. Zacks Research also issued estimates for Red Rock Resorts’ Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.44 EPS, FY2025 earnings at $1.78 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.47 EPS, Q3 2026 earnings at $0.44 EPS and FY2026 earnings at $1.95 EPS.

Other research analysts have also recently issued research reports about the company. JMP Securities restated a “market outperform” rating and set a $65.00 price objective on shares of Red Rock Resorts in a research note on Monday, October 14th. Wells Fargo & Company decreased their price target on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating for the company in a report on Thursday, October 17th. Mizuho downgraded shares of Red Rock Resorts from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $57.00 to $44.00 in a research report on Monday, November 25th. 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. Finally, Truist Financial lowered their price target on shares of Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.42.

Red Rock Resorts Stock Up 3.4 %

Shares of Red Rock Resorts stock opened at $51.78 on Monday. Red Rock Resorts has a twelve month low of $43.38 and a twelve month high of $63.28. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 6.21 and a beta of 2.04. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 14.28. The company has a fifty day moving average price of $52.39 and a 200 day moving average price of $53.62.

Institutional Trading of Red Rock Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Red Rock Resorts during the 3rd quarter worth approximately $345,000. Geode Capital Management LLC raised its position in shares of Red Rock Resorts by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company’s stock valued at $63,776,000 after acquiring an additional 14,029 shares in the last quarter. Barclays PLC lifted its stake in Red Rock Resorts by 227.9% during the third quarter. Barclays PLC now owns 78,932 shares of the company’s stock worth $4,297,000 after purchasing an additional 54,863 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Red Rock Resorts in the third quarter worth $233,000. Finally, Wellington Management Group LLP increased its stake in Red Rock Resorts by 239.0% during the third quarter. Wellington Management Group LLP now owns 185,018 shares of the company’s stock valued at $10,072,000 after purchasing an additional 130,434 shares during the last quarter. 47.84% of the stock is owned by institutional investors.

Red Rock Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 1.93%. Red Rock Resorts’s payout ratio is 37.04%.

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.