Red Rock Resorts (NASDAQ:RRR) Stock Price Target Lowered at Citizens Jmp

Red Rock Resorts (NASDAQ:RRR) had its target price reduced by Citizens Jmp from $71.00 to $70.00 in a report issued on Wednesday,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

A number of other brokerages have also weighed in on RRR. Wall Street Zen raised shares of Red Rock Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Truist Financial boosted their price objective on Red Rock Resorts from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Stifel Nicolaus set a $74.00 price objective on Red Rock Resorts in a research note on Wednesday, August 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Red Rock Resorts in a report on Tuesday, October 6th. Finally, Bank of America raised their target price on Red Rock Resorts from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.35.

Red Rock Resorts Price Performance

Shares of NASDAQ RRR opened at $48.66 on Wednesday. The company has a debt-to-equity ratio of 12.33, a quick ratio of 0.63 and a current ratio of 0.68. The firm has a market cap of $5.11 billion, a PE ratio of 24.58, a PEG ratio of 4.72 and a beta of 1.42. Red Rock Resorts has a one year low of $47.42 and a one year high of $68.99. The firm has a fifty day moving average of $51.96 and a 200 day moving average of $57.99.

Red Rock Resorts (NASDAQ:RRR) last released its earnings results on Tuesday, November 3rd. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.62). The company had revenue of $488.70 million for the quarter, compared to analysts’ expectations of $478.13 million. Red Rock Resorts had a return on equity of 44.10% and a net margin of 5.79%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. As a group, research analysts predict that Red Rock Resorts will post 1.54 EPS for the current fiscal year.

Red Rock Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.26 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $1.04 dividend on an annualized basis and a yield of 2.1%. Red Rock Resorts’s dividend payout ratio (DPR) is currently 52.53%.

Insider Activity

In other Red Rock Resorts news, President Scott Kreeger sold 31,159 shares of Red Rock Resorts stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $61.78, for a total transaction of $1,925,003.02. Following the transaction, the president owned 203,881 shares of the company’s stock, valued at $12,595,768.18. The trade was a 13.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 54.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Red Rock Resorts

Several hedge funds have recently modified their holdings of RRR. Valeo Financial Advisors LLC increased its stake in shares of Red Rock Resorts by 4.7% during the second quarter. Valeo Financial Advisors LLC now owns 5,201 shares of the company’s stock worth $338,000 after acquiring an additional 234 shares during the period. GAMMA Investing LLC lifted its position in shares of Red Rock Resorts by 64.0% during the 3rd quarter. GAMMA Investing LLC now owns 1,058 shares of the company’s stock valued at $52,000 after acquiring an additional 413 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Red Rock Resorts by 1,924.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock worth $31,000 after acquiring an additional 481 shares in the last quarter. Inceptionr LLC grew its holdings in shares of Red Rock Resorts by 3.9% in the 1st quarter. Inceptionr LLC now owns 13,283 shares of the company’s stock worth $709,000 after acquiring an additional 499 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in shares of Red Rock Resorts by 4,566.7% in the 3rd quarter. Fortitude Family Office LLC now owns 560 shares of the company’s stock worth $28,000 after acquiring an additional 548 shares during the period. 47.84% of the stock is owned by institutional investors and hedge funds.

More Red Rock Resorts News

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

• Positive Sentiment: Red Rock expects its $430 million Durango North project to open in Q3 2027 and is targeting a 20% return on investment, providing a potential longer-term growth driver. Article: Red Rock anticipates Durango North opening in Q3 2027
• Positive Sentiment: JPMorgan and Citizens lowered their price targets but kept bullish ratings—$64 with an “overweight” rating from JPMorgan and $70 with a “market outperform” rating from Citizens. Their continued support may help temper concerns about the earnings reaction. Article: Red Rock Resorts price target lowered at Citizens
• Positive Sentiment: The company declared a quarterly dividend of $0.26 per share, equivalent to $1.04 annually and a stated yield of about 2.1%. Article: Red Rock Resorts dividend announcement
• Neutral Sentiment: Third-quarter revenue rose 2.8% year over year to $488.7 million and topped consensus estimates, but this growth was not enough to offset earnings concerns. Article: Red Rock Resorts Announces Third Quarter 2026 Results
• Negative Sentiment: Profit missed analyst expectations and was sharply lower than a year earlier. The shortfall prompted a post-earnings selloff, while JPMorgan and Citizens also reduced their price targets, signaling more cautious near-term expectations. Article: Red Rock Resorts Q3 Earnings Lag Estimates

About Red Rock Resorts

Red Rock Resorts, Inc is a gaming, entertainment and hospitality company based in Las Vegas, Nevada. Through its principal operating subsidiary, Station Casinos, the company develops, owns and operates casino resorts and other gaming properties, primarily serving the Las Vegas locals market.

Its portfolio includes destination-style properties such as Red Rock Casino Resort & Spa, Green Valley Ranch Resort Spa and Casino, and Durango Casino & Resort, along with neighborhood casinos including Palace Station, Boulder Station, Santa Fe Station and several Wildfire locations.