Truist Financial Reiterates “Buy” Rating for Red Rock Resorts (NASDAQ:RRR)

Red Rock Resorts (NASDAQ:RRR)‘s stock had its “buy” rating reaffirmed by Truist Financial in a research note issued on Wednesday, Marketbeat.com reports. They presently have a $80.00 target price on the stock, up from their prior target price of $75.00. Truist Financial’s price target would indicate a potential upside of 20.19% from the stock’s previous close.

A number of other research firms also recently issued reports on RRR. Jefferies Financial Group reaffirmed a “buy” rating on shares of Red Rock Resorts in a research note on Wednesday, December 24th. Citigroup reaffirmed an “outperform” rating on shares of Red Rock Resorts in a report on Wednesday. Mizuho set a $77.00 price objective on Red Rock Resorts in a research note on Wednesday. Macquarie Infrastructure increased their price target on Red Rock Resorts from $67.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Morgan Stanley set a $60.00 target price on shares of Red Rock Resorts in a report on Friday, January 16th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.64.

Red Rock Resorts Price Performance

RRR stock traded down $0.23 during trading on Wednesday, reaching $66.56. The company’s stock had a trading volume of 500,672 shares, compared to its average volume of 613,554. The company’s fifty day moving average is $61.92 and its 200-day moving average is $60.01. Red Rock Resorts has a 1 year low of $35.09 and a 1 year high of $68.99. The company has a market capitalization of $7.05 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.79 and a beta of 1.49. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 10.11.

Red Rock Resorts (NASDAQ:RRR) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.34. The firm had revenue of $511.78 million for the quarter, compared to analysts’ expectations of $500.90 million. Red Rock Resorts had a net margin of 9.52% and a return on equity of 59.86%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. On average, research 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 initiated a share 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 reacquire up to 4.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Red Rock Resorts

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Fund Management S.A. purchased a new stake in shares of Red Rock Resorts during the second quarter valued at $1,441,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Red Rock Resorts in the third quarter valued at about $4,961,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Red Rock Resorts during the second quarter worth about $62,000. Diametric Capital LP acquired a new position in Red Rock Resorts in the 2nd quarter worth approximately $3,786,000. Finally, Creative Planning raised its position in Red Rock Resorts by 26.4% during the 2nd quarter. Creative Planning now owns 26,406 shares of the company’s stock worth $1,374,000 after buying an additional 5,518 shares during the last quarter. 47.84% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Red Rock Resorts

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

• Positive Sentiment: Q4 beat — Red Rock reported Q4 revenue of $511.8M (up 3.2% YoY) and EPS of $0.75, beating consensus on both top and bottom lines; management said casino revenue was strong and the company delivered a near‑record year. This is the primary fundamental upside driver cited across press coverage. PR Newswire: Q4 & Full Year 2025 Results
• Positive Sentiment: Dividend actions — the company announced two upcoming payouts: a $1.00/share dividend payable Feb. 27 (ex-dividend Feb. 20) and a $0.26/share payment with record date Mar. 16 and payable Mar. 31. These distributions support income-oriented holders and can underpin the stock. (Company notices announced 2/10–2/11)
• Neutral Sentiment: Durango property attention — investor letters (Baron Partners) highlight the company’s Durango asset as a growth contributor, suggesting continued portfolio-level momentum but not an immediate market-moving event. InsiderMonkey: Durango Property Note
• Negative Sentiment: Analyst stance — Wells Fargo nudged its price target up to $59 but maintained an “equal weight” rating; that PT sits well below the recent share price, implying downside from current levels and adding selling pressure from investors sensitive to sell-side targets. Benzinga: Wells Fargo PT Update

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.