Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, engages in the casino, gaming, and entertainment businesses in the United States. It operates in two segments, Las Vegas Operations and Native American Management. The company develops, manages, and operates casino and entertainment properties; and owns and operates 10 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. The company operates approximately 13,769 slot machines, 273 table games, and 3,081 hotel rooms. The company was formerly known as Station Casinos Corp. and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. was founded in 1976 and is based in Las Vegas, Nevada.
IPO Year: 2016
Exchange: NASDAQ
Website: redrockresorts.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/24/2024 | $63.00 → $64.00 | Overweight → Equal Weight | Wells Fargo |
| 5/13/2024 | $57.00 → $55.00 | Underperform → Neutral | BofA Securities |
| 3/26/2024 | $69.00 | Buy | Mizuho |
| 1/18/2024 | $60.00 | Overweight | Barclays |
| 1/17/2024 | Neutral → Outperform | Macquarie | |
| 1/9/2024 | $49.00 → $48.00 | Overweight → Equal-Weight | Morgan Stanley |
| 9/11/2023 | $52.00 | Positive | Susquehanna |
| 1/11/2023 | $46.00 → $45.00 | Buy → Hold | Truist |
| 11/21/2022 | $52.00 | Overweight | Morgan Stanley |
| 9/22/2022 | $50.00 | Mkt Outperform | JMP Securities |
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SCHEDULE 13G/A - Red Rock Resorts, Inc. (0001653653) (Subject)
10-Q - Red Rock Resorts, Inc. (0001653653) (Filer)
8-K - Red Rock Resorts, Inc. (0001653653) (Filer)
10-Q - Red Rock Resorts, Inc. (0001653653) (Filer)
8-K - Red Rock Resorts, Inc. (0001653653) (Filer)
8-K - Red Rock Resorts, Inc. (0001653653) (Filer)
PX14A6G - Red Rock Resorts, Inc. (0001653653) (Subject)
10-Q - Red Rock Resorts, Inc. (0001653653) (Filer)
8-K - Red Rock Resorts, Inc. (0001653653) (Filer)
DEFA14A - Red Rock Resorts, Inc. (0001653653) (Filer)
Baron Capital held its 31st Annual Baron Investment Conference today at the Metropolitan Opera House at Lincoln Center in New York City. Over 5,000 financial professional clients and shareholders of the 19 Baron Funds attended the conference. The conference featured presentations by several CEOs of long-time holdings of Baron Funds; updates on the markets and the funds by Baron Capital portfolio managers; a keynote address by Ron Baron, the Chairman, CEO, and Founder of Baron Capital; and a Q&A session with Ron and other senior executives of the Firm. "Our theme for the 31st Annual Baron Investment Conference is ‘building legacy,'" said Ron. "When I founded this Firm in 1982, I did so w
LAS VEGAS, Nov. 7, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) today reported financial results for the third quarter ended September 30, 2024. Third Quarter Results Consolidated Operations Net revenues were $468.0 million for the third quarter of 2024, an increase of 13.7%, or $56.4 million, from $411.6 million in the same period of 2023. Net income was $55.4 million for the third quarter of 2024, a decrease of 19.0%, or $13.0 million, from $68.4 million in the same period of 2023. Adjusted EBITDA(1) was $182.7 million for the third quarter of 2024, an increase of 4.3%, or $7.5 million, from $175.2 million in the same period of 2023.
LAS VEGAS, Oct. 25, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the third quarter 2024 on Thursday, November 7, 2024 and will hold a conference call on the same day at 6:00 p.m. ET (3:00 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. The Company's conference call that was previously scheduled for November 6, 2024 has been canceled. To listen to the conference call, please dial into the conference operator no later than 5:45 p.m. ET (2:45 p.m. PT) at (888) 317-6003 using the passcode
LAS VEGAS, Oct. 14, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the third quarter 2024 on Wednesday, November 6, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 4490276. For those of you dialing in internationally, your dial in number is (412) 317-6061. A liv
LAS VEGAS, July 23, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) today reported financial results for the second quarter ended June 30, 2024. Second Quarter Results Consolidated Operations Net revenues were $486.4 million for the second quarter of 2024, an increase of 16.9%, or $70.3 million, from $416.1 million in the same period of 2023.Net income was $69.8 million for the second quarter of 2024, a decrease of 6.8%, or $5.1 million, from $74.9 million in the same period of 2023.Adjusted EBITDA(1) was $201.7 million for the second quarter of 2024, an increase of 15.0%, or $26.4 million, from $175.3 million in the same period of 2023.
LAS VEGAS, July 8, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the second quarter 2024 on Tuesday, July 23, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. The Company's conference call that was previously scheduled for July 30, 2024 has been canceled. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 885735
LAS VEGAS, June 28, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the second quarter 2024 on Tuesday, July 30, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 8857354. For those of you dialing in internationally, your dial in number is (412) 317-6061. A live au
LAS VEGAS, May 7, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) today reported financial results for the first quarter ended March 31, 2024. First Quarter Results Consolidated Operations Net revenues were $488.9 million for the first quarter of 2024, an increase of 12.7%, or $55.3 million, from $433.6 million in the same period of 2023.Net income was $78.4 million for the first quarter of 2024, a decrease of 8.4%, or $7.2 million, from $85.5 million in the same period of 2023.Adjusted EBITDA(1) was $209.1 million for the first quarter of 2024, an increase of 7.7%, or $15.0 million, from $194.2 million in the same period of 2023.Las Vega
LAS VEGAS, April 10, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the first quarter 2024 on Tuesday, May 7, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 9838276. For those of you dialing in internationally, your dial in number is (412) 317-6061. A live audi
LAS VEGAS, March 7, 2024 /PRNewswire/ -- Station Casinos LLC (the "Company"), a consolidated subsidiary of Red Rock Resorts, Inc. (NASDAQ:RRR), announced today it priced its previously announced offering of Senior Notes due 2032 (the "Notes") at an interest rate of 6.625% per annum and an issue price equal to 100% of the principal amount of the Notes. The offering is expected to close on or about March 14, 2024, subject to customary closing conditions. The aggregate principal amount of the Notes to be issued in the offering was decreased to $500.0 million from the previously announced $750.0 million. Concurrently with the issuance of the Notes, the Company expects to amend, amend and resta
Barclays analyst Brandt Montour maintains Red Rock Resorts (NASDAQ:RRR) with a Overweight and raises the price target from $63 to $65.
Stifel analyst Steve Wieczynski maintains Red Rock Resorts (NASDAQ:RRR) with a Hold and raises the price target from $59 to $62.
JP Morgan analyst Joseph Greff maintains Red Rock Resorts (NASDAQ:RRR) with a Overweight and raises the price target from $62 to $69.
Susquehanna analyst Joseph Stauff maintains Red Rock Resorts (NASDAQ:RRR) with a Positive and raises the price target from $63 to $70.
Macquarie analyst Chad Beynon maintains Red Rock Resorts (NASDAQ:RRR) with a Outperform and raises the price target from $62 to $65.
Truist Securities analyst Barry Jonas maintains Red Rock Resorts (NASDAQ:RRR) with a Hold and lowers the price target from $64 to $63.
Wells Fargo analyst Daniel Politzer downgrades Red Rock Resorts (NASDAQ:RRR) from Overweight to Equal-Weight and raises the price target from $63 to $64.
Red Rock Resorts (NASDAQ:RRR) reported quarterly earnings of $0.59 per share which missed the analyst consensus estimate of $0.66 by 10.61 percent. This is a 9.23 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $486.40 million which beat the analyst consensus estimate of $475.59 million by 2.27 percent. This is a 16.89 percent increase over sales of $416.13 million the same period last year.
Truist Securities analyst Barry Jonas maintains Red Rock Resorts (NASDAQ:RRR) with a Hold and raises the price target from $60 to $64.
During the last three months, 10 analysts shared their evaluations of Red Rock Resorts (NASDAQ:RRR), revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 1 0 0 3M Ago 1 5 2 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $61.5, a high estimate of $66.00, and a low estimate of $54.00. This current average represents a 0.32% decre
LAS VEGAS, Nov. 7, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) today reported financial results for the third quarter ended September 30, 2024. Third Quarter Results Consolidated Operations Net revenues were $468.0 million for the third quarter of 2024, an increase of 13.7%, or $56.4 million, from $411.6 million in the same period of 2023. Net income was $55.4 million for the third quarter of 2024, a decrease of 19.0%, or $13.0 million, from $68.4 million in the same period of 2023. Adjusted EBITDA(1) was $182.7 million for the third quarter of 2024, an increase of 4.3%, or $7.5 million, from $175.2 million in the same period of 2023.
LAS VEGAS, Oct. 25, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the third quarter 2024 on Thursday, November 7, 2024 and will hold a conference call on the same day at 6:00 p.m. ET (3:00 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. The Company's conference call that was previously scheduled for November 6, 2024 has been canceled. To listen to the conference call, please dial into the conference operator no later than 5:45 p.m. ET (2:45 p.m. PT) at (888) 317-6003 using the passcode
LAS VEGAS, Oct. 14, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the third quarter 2024 on Wednesday, November 6, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 4490276. For those of you dialing in internationally, your dial in number is (412) 317-6061. A liv
LAS VEGAS, July 23, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) today reported financial results for the second quarter ended June 30, 2024. Second Quarter Results Consolidated Operations Net revenues were $486.4 million for the second quarter of 2024, an increase of 16.9%, or $70.3 million, from $416.1 million in the same period of 2023.Net income was $69.8 million for the second quarter of 2024, a decrease of 6.8%, or $5.1 million, from $74.9 million in the same period of 2023.Adjusted EBITDA(1) was $201.7 million for the second quarter of 2024, an increase of 15.0%, or $26.4 million, from $175.3 million in the same period of 2023.
LAS VEGAS, July 8, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the second quarter 2024 on Tuesday, July 23, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. The Company's conference call that was previously scheduled for July 30, 2024 has been canceled. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 885735
LAS VEGAS, June 28, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the second quarter 2024 on Tuesday, July 30, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 8857354. For those of you dialing in internationally, your dial in number is (412) 317-6061. A live au
LAS VEGAS, May 7, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) today reported financial results for the first quarter ended March 31, 2024. First Quarter Results Consolidated Operations Net revenues were $488.9 million for the first quarter of 2024, an increase of 12.7%, or $55.3 million, from $433.6 million in the same period of 2023.Net income was $78.4 million for the first quarter of 2024, a decrease of 8.4%, or $7.2 million, from $85.5 million in the same period of 2023.Adjusted EBITDA(1) was $209.1 million for the first quarter of 2024, an increase of 7.7%, or $15.0 million, from $194.2 million in the same period of 2023.Las Vega
LAS VEGAS, April 10, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the first quarter 2024 on Tuesday, May 7, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 9838276. For those of you dialing in internationally, your dial in number is (412) 317-6061. A live audi
LAS VEGAS, Feb. 7, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) today reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter ResultsConsolidated Operations Net revenues were $462.7 million for the fourth quarter of 2023, an increase of 8.8%, or $37.2 million, from $425.5 million in the same period of 2022. Net income was $108.9 million for the fourth quarter of 2023, a decrease of 36.0%, or $61.3 million, from $170.2 million in the same period of 2022. Adjusted EBITDA(1) was $201.3 million for the fourth quarter of 2023, an increase of 3.6%, or $6.9 million, from $194.4 million in the
LAS VEGAS , Jan. 10, 2024 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts", "we" or the "Company") (NASDAQ:RRR) announced today that it will release the Company's financial results for the fourth quarter and full year 2023 on Wednesday, February 7, 2024 and will hold a conference call on the same day at 4:30 p.m. ET (1:30 p.m. PT). The conference call will consist of prepared remarks from the Company and will include a question and answer session. To listen to the conference call, please dial into the conference operator no later than 4:15 p.m. ET (1:15 p.m. PT) at (888) 317-6003 using the passcode: 2244930. For those of you dialing in internationally, your dial in number is (412)
LAS VEGAS, Feb. 28, 2022 /PRNewswire/ -- Red Rock Resorts, Inc. ("Red Rock Resorts," "we" or the "Company") (NASDAQ:RRR) announced the appointment of Scott Kreeger to the position of President on February 28, 2022. Prior to this appointment, Mr. Kreeger had been serving the Company in the role of Senior Vice President of Development since rejoining the Company in September 2021 from Galaxy Entertainment Group in Macao, where he was Director of Operations Development, New Resorts from January 2018. "Scott is the right leader for Red Rock Resorts," said Frank Fertitta III, Chairman and Chief Executive Officer of Red Rock Resorts. "Scott's long history with the company, his knowledge of all a
Wells Fargo downgraded Red Rock Resorts from Overweight to Equal Weight and set a new price target of $64.00 from $63.00 previously
BofA Securities upgraded Red Rock Resorts from Underperform to Neutral and set a new price target of $55.00 from $57.00 previously
Mizuho initiated coverage of Red Rock Resorts with a rating of Buy and set a new price target of $69.00
Barclays initiated coverage of Red Rock Resorts with a rating of Overweight and set a new price target of $60.00
Macquarie upgraded Red Rock Resorts from Neutral to Outperform
Morgan Stanley downgraded Red Rock Resorts from Overweight to Equal-Weight and set a new price target of $48.00 from $49.00 previously
Susquehanna initiated coverage of Red Rock Resorts with a rating of Positive and set a new price target of $52.00
Truist downgraded Red Rock Resorts from Buy to Hold and set a new price target of $45.00 from $46.00 previously
Morgan Stanley initiated coverage of Red Rock Resorts with a rating of Overweight and set a new price target of $52.00
JMP Securities initiated coverage of Red Rock Resorts with a rating of Mkt Outperform and set a new price target of $50.00
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