Red Rock Resorts, Inc. (RRR) Stock Price & Analysis
Red Rock Resorts, Inc. (RRR) closed at USD 49.61 on Friday, October 23, 2026, down 1.63% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 50.43; the Oct 23, 2026 session ranged USD 49.09–49.99 on volume of 685,848 shares. Market capitalization is $5.06B, with a 52-week range of USD 47.5–68.99 (NMS). Source: Nexqual, retrieved October 24, 2026 at 01:20 UTC.
Also available as compact Markdown for AI agents: nexqual.com/RRR.md
Key facts (RRR)
- Last four reported quarters (through Jun 30, 2026): revenue $2.00B, net income $169M (8.4% margin), free cash flow $193M (SEC filings).
- Valuation: P/E 30.0x (avg 32.1x at the last 3 fiscal year-ends), EV/EBITDA 11.0x, net debt $3.44B.
- Earnings quality: non-operating income -$192M vs operating income $555M over the last four quarters; P/E excluding non-operating income ≈15.0x (estimate: non-operating income taxed at the company's 12.2% effective rate).
- Insider open-market sales, last ~7 months: 3 Form 4 filings, $3.0M; 3 not under a Rule 10b5-1 plan ($3.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.94 on a 1–5 scale) (18 analysts), mean target USD 72.22 (range 59–78).
- Total return with dividends: 1Y -11.8% vs S&P 500 +14.0%; 5Y +15.4% vs S&P 500 +76.9%.
- Next earnings: 2026-11-03, EPS estimate USD 0.44, revenue estimate $478M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (RRR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.66B | $1.72B | $1.94B | $2.01B | $2.00B |
| Operating income | $402M | $561M | $559M | $569M | $597M | $555M |
| Net income | $242M | $205M | $176M | $154M | $188M | $169M |
| EPS (diluted) | $2.84 | $3.36 | $2.94 | $2.53 | $3.12 | — |
| Free cash flow | $549M | $214M | -$205M | $264M | $291M | $193M |
| Operating margin | 24.8% | 33.7% | 32.4% | 29.3% | 29.7% | 27.7% |
| Net margin | 14.9% | 12.3% | 10.2% | 7.9% | 9.3% | 8.4% |
| Revenue growth | +36.8% | +2.8% | +3.6% | +12.5% | +3.7% | — |
| Cash + short-term investments | $275M | $117M | $138M | $164M | $142M | — |
| Total debt | $2.85B | $2.98B | $3.33B | $3.41B | $3.40B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (RRR)
P/E 30.0x · P/E ex non-operating (est.) ≈15.0x · P/S 2.5x · EV/EBITDA 11.0x · EV/Sales 4.2x · P/FCF 26.2x · P/B 29.6x · FCF yield 3.81% · Earnings yield 3.34% · Dividend yield (paid, TTM) 2.39% · Buyback yield (TTM) 1.71% · Net debt $3.44B · EV $8.50B
P/E at fiscal year-ends: Dec 2025 33.8x, Dec 2024 31.1x, Dec 2023 31.3x.
Insider sales (SEC Form 4, open-market, last ~7 months) (RRR)
0 of 3 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-01 | Welch Jeffrey T | EVP and Chief Legal Officer | 9,000 | $503K | 2.6% | No | Too little history (no open-market trades in 2023) |
| 2026-08-12 | Nichols Kord | EVP & Chief Operating Officer | 9,791 | $617K | 7.9% | No | Too little history (no open-market trades in 2023) |
| 2026-08-07 | Kreeger Scott | President | 31,159 | $1.9M | 13.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (RRR)
Consensus Buy (mean 1.94 on a 1–5 scale), 18 analysts; mean target USD 72.22 (low 59, high 78).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | JP Morgan | Target lowered | Overweight | $72 → $71 |
| 2026-10-19 | Morgan Stanley | Target lowered | Equal-Weight | $61 → $59 |
| 2026-10-19 | Wells Fargo | Target raised | Overweight | $77 → $78 |
| 2026-10-12 | Citigroup | Target lowered | Buy | $78 → $69 |
| 2026-10-09 | Barclays | Target raised | Overweight | $73 → $74 |
| 2026-10-07 | Macquarie | Target lowered | Outperform | $74 → $72 |
| 2026-09-02 | Wolfe Research | Initiated | Outperform | $73 |
| 2026-08-17 | Macquarie | Target raised | Outperform | $72 → $74 |
| 2026-08-05 | Macquarie | Maintained | Outperform | $72 |
| 2026-08-05 | Citizens | Target raised | Market Outperform | $69 → $71 |
| 2026-08-05 | Wells Fargo | Target raised | Overweight | $75 → $77 |
| 2026-08-05 | Barclays | Target raised | Overweight | $72 → $73 |
Total return (dividends reinvested) (RRR)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -11.8% | +15.4% |
| S&P 500 (SPY) | +14.0% | +76.9% |
| Per year | -11.8% | +2.9% |
| Volatility (annualized) | 34.8% | 34.3% |
| Max drawdown | -27.2% (Jun 2026→Sep 2026) | -39.4% (Dec 2021→Jul 2022) |
RRR revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Reportable Segment, Aggregation before Other Operating | $507.0M | 99.4% | -3.1% |
| — Las Vegas Operations (part of Reportable Segment, Aggregation before Other Operating) | $503.2M | 98.6% | -2.0% |
| — Native American Management (part of Reportable Segment, Aggregation before Other Operating) | $3.8M | 0.7% | -62.0% |
| Total revenue | $510.3M | 100% | — |
RRR revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Casino | $338.3M | 66.3% | -1.9% |
| Food and beverage | $93.0M | 18.2% | -1.4% |
| Room | $46.7M | 9.1% | -8.8% |
| Other | $28.5M | 5.6% | +9.9% |
| Native American management and development fees | $3.8M | 0.7% | -62.0% |
| Total revenue | $510.3M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
RRR company outlook (results filed Aug 4, 2026)
- “All forward-looking statements in this document are made based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statement.”
Quoted word-for-word from the SEC 8-K results press release.
RRR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.44 | $0.40 | +10.2% | $477.9M | 11 |
| Next quarter (ends Dec 2026) | $0.67 | $0.53 | +25.7% | $525.9M | 11 |
| Current fiscal year (ends Dec 2026) | $2.08 | $1.91 | +8.9% | $2.02B | 11 |
| Next fiscal year (ends Dec 2027) | $2.65 | $2.45 | +7.8% | $2.15B | 11 |
RRR options: expected move
Options price a move of about ±9.9% (±$4.93) by Nov 20, 2026, which includes earnings on Nov 3, 2026. Over the last 8 reports the stock moved ±5.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 44.7% | ±9.9% |
| Dec 18, 2026 | 56 | 40.6% | ±12.9% |
| Jan 15, 2027 | 84 | 39.0% | ±15.0% |
| Apr 16, 2027 | 175 | 37.3% | ±20.6% |
30-day implied volatility 40.2% vs 33% realized over the last 30 trading days. Put/call ratio (volume) 1.63. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 24, 2026 at 01:20 UTC)
| Price | USD 49.61 |
|---|---|
| Change | ▼ 1.63% (down) |
| Previous Close | USD 50.43 |
| Open | USD 49.51 |
| Day Range | USD 49.09 – 49.99 |
| 52-Week Range | USD 47.5 – 68.99 |
| Volume | 685,848 shares |
| Market Cap | $5.06B |
| Exchange | NMS |
Technical Analysis (RRR)
Nexqual's technical model rates RRR "SELL" based on 1 bullish and 4 bearish signals across 126 daily candles, as of October 24, 2026 at 01:20 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 44.55 (neutral) |
| vs SMA50 | Below (USD 54.09) |
| MACD | -1.06 (negative) |
Analyst Ratings (RRR)
Wall Street analysts rate RRR "Buy" based on 18 analysts, with a mean price target of USD 72.22 (range USD 59–78), per Nexqual as of October 24, 2026 at 01:20 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 72.22 |
| High Target | USD 78 |
| Low Target | USD 59 |
| Buy / Hold / Sell | 16 / 2 / 0 |
Earnings (RRR)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.66 |
| Revenue Estimate | $477.94M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.67 vs est 0.47 ▲ beat |
| 2026-03-31 | USD 0.73 vs est 0.54 ▲ beat |
| 2025-12-31 | USD 0.75 vs est 0.45 ▲ beat |
| 2025-09-30 | USD 0.41 vs est 0.39 ▲ beat |
Source: Nexqual, October 24, 2026 at 01:20 UTC.
Financials & Fundamentals (RRR)
| Total Revenue | $2.00B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -3.00% |
| Gross Margin | +67.22% |
| Operating Margin | +26.65% |
| Profit Margin | +8.43% |
| ROE | +108.94% |
| Debt / Equity | 12.46 |
| Current Ratio | 0.68 |
| Total Cash | $136.45M |
| Total Debt | $3.64B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $193.01M (9.6% of revenue) |
Source: Nexqual, October 24, 2026 at 01:20 UTC.
Financial Health Score (RRR)
Nexqual rates Red Rock Resorts, Inc.'s overall financial health "Solid" across five dimensions, as of October 24, 2026 at 01:20 UTC.
| Growth | Mixed — Revenue +3.7% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 67%, operating 27% (last 12 months) |
| Balance Sheet | Critical — $136M cash and investments vs $3.58B debt (Jun 2026, SEC) |
| Cash Flow | Solid — FCF $193M (last 4 quarters to Jun 2026, SEC), 10% margin |
| Efficiency | Strong — ROE 109%, ROA 8.5% |
Ownership (RRR)
| Insider Ownership | +9.66% |
|---|---|
| Institutional Ownership | +91.41% |
| Shares Outstanding | 59.13M |
| Float | 46.89M |
| Short % of Float | +13.23% |
Source: Nexqual, October 24, 2026 at 01:20 UTC.
Leadership (RRR)
Red Rock Resorts, Inc. is led by Frank J. Fertitta, Chairman & CEO, per Nexqual as of October 24, 2026 at 01:20 UTC.
| Chairman & CEO | Frank J. Fertitta |
|---|---|
| VP & Vice Chairman of the Board | Lorenzo J. Fertitta |
| President | Scott Kreeger |
| Executive VP, CFO & Treasurer | Stephen Cootey |
| Executive VP & COO | Kord Nichols |
Major Backers & Investors (RRR)
Notable institutional backers of Red Rock Resorts, Inc. include BAMCO Inc., BARON SELECT FUNDS-Baron Partners Fund, BARON INVESTMENT Fd.S TRT -Baron Generational Growth Fd., according to Nexqual as of October 24, 2026 at 01:20 UTC.
Active Investors
| Investor | Stake |
|---|---|
| BAMCO Inc. | 27.72% |
| BARON SELECT FUNDS-Baron Partners Fund | 15.22% |
| BARON INVESTMENT Fd.S TRT -Baron Generational Growth Fd. | 7.73% |
| FMR, LLC | 4.62% |
| Diamond Hill Capital Management Inc | 3.14% |
| Westfield Capital Management Co LP | 2.13% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 12.39% |
| Vanguard Group | 9.72% |
| State Street | 3.19% |
| Geode Capital | 2.2% |
Source: Nexqual, October 24, 2026 at 01:20 UTC.
From Red Rock Resorts, Inc.'s Latest SEC 10-K Filing (filed 2026-02-20)
Key Strengths & Strategy (as disclosed to the SEC)
- Our proprietary customer relationship management systems are highly attuned to how guests interact with our properties and products.
- Our ability to advertise under a single brand across our portfolio also allows us to achieve economies of scale.
- During our almost 50-year history, we have developed a culture that focuses on operational excellence and cost management.
- Benchmarking across our properties also allows us to create and take advantage of best practices in all functional areas of our business.
Partnerships
- Currently, we have a development agreement and a management agreement with the North Fork Rancheria of Mono Indians (the "Mono") under which we will assist the Mono in developing and operating a gaming and entertainment facility (the "North Fork Project").
- Because we deal with significant amounts of cash in our operations we are subject to various reporting and anti-money laundering regulations.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to extensive federal, state and local regulation and governmental authorities have significant control over our operations and any failure to comply with the regulations that govern our operations could have an adverse effect on our business.
- We are subject to a variety of federal, state and local laws and regulations relating to the protection of the environment and human health and safety. Our compliance with these regulations could have a materially adverse effect on our business, financial condition, results of operations and cash flows.
- Increased regulation by international, national, state, regional, and local regulatory bodies of greenhouse gas emissions could materially affect our business, financial condition, results of operation and cash flows.
- Failure to maintain the integrity of our internal or customer data, including defending our information systems against hacking, security breaches, computer malware, cyberattacks and similar technology exploitation risks, could have an adverse effect on our results of operations and cash flows, and/or subject us to costs, fines or lawsuits.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BYD | Boyd Gaming Corporation | USD 71.69 | ▼ 0.8% |
| MTN | Vail Resorts, Inc. | USD 146.57 | ▼ 1.12% |
| CZR | Caesars Entertainment, Inc. | USD 28.8 | ▼ 0.93% |
| VAC | Marriott Vacations Worldwide Co | USD 109.31 | ▼ 3.21% |
| MGM | MGM Resorts International | USD 28.06 | ▼ 4.88% |
| WYNN | Wynn Resorts, Limited | USD 72.73 | ▼ 3.19% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 01:20 UTC. This page is informational and not investment advice.
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