Zacks Research Issues Pessimistic Estimate 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 $1.44 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.

Several other equities research analysts also recently commented on the company. Wells Fargo & Company dropped their target price on Red Rock Resorts from $64.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, October 17th. Truist Financial reduced their price objective on shares of Red Rock Resorts from $63.00 to $58.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Macquarie decreased their target price on Red Rock Resorts from $65.00 to $64.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. JMP Securities reissued a “market outperform” rating and set a $65.00 target price on shares of Red Rock Resorts in a report on Monday, October 14th. Finally, Barclays decreased their price target on shares of Red Rock Resorts from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $60.42.

Red Rock Resorts Stock Down 4.1 %

Shares of Red Rock Resorts stock opened at $49.64 on Monday. The company has a fifty day moving average price of $52.36 and a 200 day moving average price of $53.62. 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 twelve month low of $43.38 and a twelve month high of $63.28. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 7.00 and a beta of 2.00.

Hedge Funds Weigh In On Red Rock Resorts

Several large investors have recently bought and sold shares of the stock. Avior Wealth Management LLC boosted its holdings in shares of Red Rock Resorts by 3.0% in the third quarter. Avior Wealth Management LLC now owns 7,898 shares of the company’s stock valued at $430,000 after acquiring an additional 232 shares in the last quarter. Truist Financial Corp boosted its stake in Red Rock Resorts by 0.9% during the 2nd quarter. Truist Financial Corp now owns 27,545 shares of the company’s stock valued at $1,513,000 after purchasing an additional 241 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Red Rock Resorts by 3.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,042 shares of the company’s stock valued at $442,000 after purchasing an additional 292 shares during the period. Arizona State Retirement System raised its stake in shares of Red Rock Resorts by 3.3% in the 2nd quarter. Arizona State Retirement System now owns 14,086 shares of the company’s stock worth $774,000 after buying an additional 444 shares in the last quarter. Finally, WCG Wealth Advisors LLC lifted its holdings in shares of Red Rock Resorts by 2.5% in the second quarter. WCG Wealth Advisors LLC now owns 18,325 shares of the company’s stock valued at $1,007,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

Red Rock Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, December 16th. Red Rock Resorts’s payout ratio is currently 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.