What is Zacks Research's Forecast for RRR Q1 Earnings?

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Red Rock Resorts in a research report issued to clients and investors on Tuesday, March 4th. Zacks Research analyst M. Kaushik now forecasts that the company will post earnings of $0.46 per share for the quarter, down from their prior 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.

Several other research firms also recently weighed in on RRR. Truist Financial reduced their target price on shares of Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group reissued a "hold" rating and set a $51.00 target price (down previously from $64.00) on shares of Red Rock Resorts in a report on Friday, January 3rd. JMP Securities dropped their target price on 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. Stifel Nicolaus lifted their price target on Red Rock Resorts from $50.00 to $54.00 and gave the company a "hold" rating in a research report on Wednesday, February 12th. Finally, Susquehanna increased their price objective on Red Rock Resorts from $60.00 to $61.00 and gave the stock a "positive" rating in a report on Wednesday, February 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Red Rock Resorts presently has an average rating of "Hold" and a consensus target price of $57.33.

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Red Rock Resorts Stock Performance

RRR traded down $1.50 during trading hours on Friday, hitting $45.51. The stock had a trading volume of 204,101 shares, compared to its average volume of 616,685. Red Rock Resorts has a 1 year low of $42.46 and a 1 year high of $63.28. The company's fifty day simple moving average is $48.24 and its 200 day simple moving average is $50.81. The stock has a market cap of $4.83 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. The company has a quick ratio of 0.96, a current ratio of 1.02 and a debt-to-equity ratio of 14.28.

Red Rock Resorts (NASDAQ:RRR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.34. Red Rock Resorts had a return on equity of 71.00% and a net margin of 7.94%.

Red Rock Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Monday, March 17th. Red Rock Resorts's dividend payout ratio (DPR) is 39.84%.

Institutional Investors Weigh In On Red Rock Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of RRR. Sterling Capital Management LLC increased its holdings in shares of Red Rock Resorts by 654.7% in the 4th quarter. Sterling Capital Management LLC now owns 883 shares of the company's stock worth $41,000 after buying an additional 766 shares during the last quarter. Quarry LP grew its position in Red Rock Resorts by 479.4% in the third quarter. Quarry LP now owns 1,124 shares of the company's stock worth $61,000 after acquiring an additional 930 shares in the last quarter. US Bancorp DE increased its stake in Red Rock Resorts by 2,223.9% in the third quarter. US Bancorp DE now owns 1,557 shares of the company's stock valued at $85,000 after acquiring an additional 1,490 shares during the last quarter. KBC Group NV raised its holdings in shares of Red Rock Resorts by 37.1% during the 4th quarter. KBC Group NV now owns 1,996 shares of the company's stock valued at $92,000 after buying an additional 540 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Red Rock Resorts by 47.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,055 shares of the company's stock worth $95,000 after acquiring an additional 664 shares during the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors.

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.