Wells Fargo & Company Forecasts Strong Price Appreciation for Red Rock Resorts (NASDAQ:RRR) Stock

Red Rock Resorts (NASDAQ:RRR) had its price objective lifted by research analysts at Wells Fargo & Company from $58.00 to $59.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential downside of 13.09% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Citizens Jmp raised their price target on shares of Red Rock Resorts from $65.00 to $68.00 and gave the company a “market outperform” rating in a report on Wednesday, January 14th. Morgan Stanley set a $60.00 target price on shares of Red Rock Resorts in a research note on Friday, January 16th. UBS Group set a $73.00 target price on shares of Red Rock Resorts in a report on Wednesday, December 24th. Stifel Nicolaus set a $75.00 price target on Red Rock Resorts in a report on Wednesday. Finally, Mizuho set a $68.00 price objective on Red Rock Resorts in a research report on Monday, February 2nd. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Red Rock Resorts presently has an average rating of “Moderate Buy” and an average price target of $67.64.

Red Rock Resorts Price Performance

Shares of Red Rock Resorts stock opened at $67.89 on Wednesday. The business’s fifty day moving average price is $61.92 and its 200 day moving average price is $60.01. Red Rock Resorts has a twelve month low of $35.09 and a twelve month high of $68.99. The company has a current ratio of 0.75, a quick ratio of 0.70 and a debt-to-equity ratio of 10.11. The stock has a market capitalization of $7.19 billion, a P/E ratio of 21.61, a PEG ratio of 2.79 and a beta of 1.49.

Red Rock Resorts (NASDAQ:RRR) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.41 by $0.34. The company had revenue of $511.78 million during the quarter, compared to analyst estimates of $500.90 million. Red Rock Resorts had a return on equity of 59.86% and a net margin of 9.52%.The firm’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 earnings per share. As a group, research analysts anticipate that Red Rock Resorts will post 1.76 earnings per share for the current year.

Red Rock Resorts announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Institutional Trading of Red Rock Resorts

Several institutional investors and hedge funds have recently bought and sold shares of RRR. Capital Fund Management S.A. bought a new position in shares of Red Rock Resorts in the second quarter worth $1,441,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Red Rock Resorts during the third quarter valued at about $4,961,000. Atlantic Union Bankshares Corp acquired a new stake in Red Rock Resorts in the second quarter worth about $62,000. Diametric Capital LP bought a new position in Red Rock Resorts in the 2nd quarter valued at about $3,786,000. Finally, Creative Planning increased its stake in Red Rock Resorts by 26.4% during the 2nd quarter. Creative Planning now owns 26,406 shares of the company’s stock valued at $1,374,000 after buying an additional 5,518 shares during the period. Institutional investors and hedge funds own 47.84% of the company’s stock.

More Red Rock Resorts News

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

• Positive Sentiment: Q4 beat on both EPS and revenue — Red Rock reported $0.75 EPS vs. consensus $0.41 and revenue of $511.8M (up 3.2% YoY), with management calling out strong casino performance across its properties. This is the primary fundamental driver lifting the stock. PR Newswire: Q4 and full-year 2025 results
• Positive Sentiment: Near‑record year and strong local-casino trends — media coverage and the earnings commentary highlight a near‑record year driven by local gaming demand, supporting organic revenue resilience. Yahoo: Near-record year
• Positive Sentiment: Shareholder returns: company declared multiple cash payouts (a $1.00 distribution around Feb. 27 and a quarterly $0.26 payout with a March record date), which boosts near‑term investor income and signals management confidence in cash flow. (Dividend notices announced Feb. 10.)
• Positive Sentiment: Investor endorsement / property upside — a Baron Partners Fund letter and coverage note that Red Rock is capitalizing on its Durango property, pointing to potential incremental value from asset performance or development. InsiderMonkey: Durango property
• Neutral Sentiment: Analyst / transcripts and model checks — earnings call transcript and multiple write-ups (Seeking Alpha, Zacks, MarketBeat) provide detail for modeling; sell‑side consensus still expects ~1.76 EPS for the fiscal year, so guidance/forward commentary will determine further moves. Seeking Alpha: Q4 call transcript
• Negative Sentiment: Liquidity and leverage remain concerns — quick ratio ~0.70, current ratio ~0.75 and a high debt-to-equity (~10.11) indicate leverage and short-term liquidity are weaker than peers, which could cap valuation multiple expansion. (Background financial metrics.)
• Negative Sentiment: EPS slightly down YoY despite the beat — Q4 EPS was $0.75 vs. $0.76 a year ago, showing the beat was driven mainly by lower expectations rather than clear year‑over‑year earnings growth; investors will watch margin trends and forward outlook. Zacks: Q4 results

About Red Rock Resorts

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.