Zacks Research Issues Pessimistic Forecast for RRR Earnings

Red Rock Resorts, Inc. (NASDAQ:RRR - Free Report) - Zacks Research lowered their Q2 2025 EPS estimates for Red Rock Resorts in a research report issued on Tuesday, March 4th. 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 $0.43. 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' FY2025 earnings at $1.69 EPS, Q1 2026 earnings at $0.53 EPS, Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $1.86 EPS and FY2027 earnings at $2.13 EPS.

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

RRR has been the topic of several other research reports. Susquehanna upped their price objective on Red Rock Resorts from $60.00 to $61.00 and gave the stock a "positive" rating in a research report on Wednesday, February 12th. Jefferies Financial Group restated a "hold" rating and issued a $51.00 price objective (down previously from $64.00) on shares of Red Rock Resorts in a research report on Friday, January 3rd. JMP Securities lowered their price objective 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 upped their price objective on Red Rock Resorts from $50.00 to $54.00 and gave the stock a "hold" rating in a research report on Wednesday, February 12th. Finally, Truist Financial lowered their price objective on Red Rock Resorts from $56.00 to $49.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $57.33.

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Red Rock Resorts Stock Performance

NASDAQ RRR traded down $0.06 during trading hours on Thursday, reaching $47.01. The stock had a trading volume of 984,480 shares, compared to its average volume of 626,986. The stock has a fifty day moving average of $48.24 and a 200 day moving average of $50.81. The stock has a market cap of $4.99 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 4.32 and a beta of 2.01. Red Rock Resorts has a 52-week low of $42.46 and a 52-week high of $63.28. The company has a debt-to-equity ratio of 14.28, a quick ratio of 0.96 and a current ratio of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC raised 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 valued at $4,297,000 after purchasing an additional 54,863 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Red Rock Resorts in the 3rd quarter valued at $842,000. Westfield Capital Management Co. LP raised its stake in Red Rock Resorts by 3.5% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,134,509 shares of the company's stock valued at $61,763,000 after purchasing an additional 38,443 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Red Rock Resorts by 18.9% in the 3rd 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 last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Red Rock Resorts by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,171,267 shares of the company's stock worth $63,776,000 after acquiring an additional 14,029 shares during the last quarter. 47.84% of the stock is owned by institutional investors and hedge funds.

Red Rock Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Monday, March 17th. Red Rock Resorts's dividend payout ratio is currently 39.84%.

About Red Rock Resorts

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.