Red Rock Resorts (NASDAQ:RRR) Given New $67.00 Price Target at Citizens Jmp

Red Rock Resorts (NASDAQ:RRR) had its price target reduced by equities researchers at Citizens Jmp from $71.00 to $67.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price target would indicate a potential upside of 28.53% from the stock’s current price.

Several other research analysts have also weighed in on the company. Citigroup reaffirmed an “outperform” rating on shares of Red Rock Resorts in a research report on Thursday. Weiss Ratings downgraded Red Rock Resorts from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 17th. Morgan Stanley raised their price objective on Red Rock Resorts from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Susquehanna restated a “positive” rating and set a $70.00 price objective on shares of Red Rock Resorts in a research report on Thursday. Finally, Stifel Nicolaus set a $72.00 price objective on Red Rock Resorts in a research report on Thursday. Twelve research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.33.

Red Rock Resorts Trading Down 7.0%

RRR stock traded down $3.93 during midday trading on Thursday, reaching $52.13. The company’s stock had a trading volume of 650,903 shares, compared to its average volume of 812,666. Red Rock Resorts has a 52 week low of $41.90 and a 52 week high of $68.99. The stock has a market cap of $5.47 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 2.42 and a beta of 1.48. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 10.26. The business’s 50-day simple moving average is $57.67 and its 200-day simple moving average is $59.26.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.17. Red Rock Resorts had a net margin of 9.35% and a return on equity of 58.13%. The firm had revenue of $507.32 million for the quarter, compared to analysts’ expectations of $507.77 million. During the same period last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Red Rock Resorts will post 2.12 EPS for the current year.

Institutional Investors Weigh In On Red Rock Resorts

Several large investors have recently made changes to their positions in RRR. Salomon & Ludwin LLC acquired a new position in shares of Red Rock Resorts in the 4th quarter valued at $25,000. Kestra Advisory Services LLC acquired a new stake in shares of Red Rock Resorts during the 4th quarter worth approximately $27,000. Rockefeller Capital Management L.P. lifted its position in Red Rock Resorts by 1,924.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 506 shares of the company’s stock valued at $31,000 after acquiring an additional 481 shares during the last quarter. Strs Ohio purchased a new stake in Red Rock Resorts during the third quarter worth about $37,000. Finally, GAMMA Investing LLC increased its position in Red Rock Resorts by 53.8% during the fourth quarter. GAMMA Investing LLC now owns 752 shares of the company’s stock worth $47,000 after purchasing an additional 263 shares during the last quarter. 47.84% of the stock is owned by institutional investors.

Key Red Rock Resorts News

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

• Positive Sentiment: Q1 EPS beat: Red Rock reported $0.73 EPS, well ahead of consensus (roughly $0.54–$0.56), which removes one immediate earnings concern and supports valuation. Red Rock Resorts (RRR) Surpasses Q1 Earnings Estimates
• Positive Sentiment: Dividend declared: the board approved a $0.26 quarterly dividend (annualized yield ~1.9%), payable June 30 with an ex-dividend/record date of June 15 — modest income support for the shares.
• Neutral Sentiment: Earnings call transcript posted: the full Q1 earnings call transcript is available for investors to parse management commentary on demand trends, costs and outlook. Red Rock Resorts, Inc. (RRR) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Analyst notes and metric reviews: industry write-ups highlight Red Rock’s history of beating estimates but emphasize mixed unit metrics and margin dynamics to watch next quarter. Red Rock Resorts (RRR) Reports Q1 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Revenue essentially flat / slight miss: consolidated net revenue rose only 1.9% year?over?year to ~$507.3M and came in marginally below the Street’s revenue estimate, which likely disappointed growth-focused investors. Red Rock Resorts Announces First Quarter 2026 Results
• Negative Sentiment: Y/Y EPS decline and technical weakness: EPS of $0.73 was below last year’s $0.75, and the stock is trading under its 50- and 200-day moving averages with below-average intraday volume — factors that can amplify selling on mixed results.

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.