Red Rock Resorts (RRR)
Operator of slot-led casino resorts and neighborhood gaming venues across the Las Vegas Valley.
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Operates Station Casinos' Las Vegas neighborhood resorts and smaller casinos, earning most revenue from slot-led gaming alongside dining, hotel rooms and entertainment. Operations are concentrated in the Las Vegas Valley, with a much smaller Native American development and management business.
Operates Station Casinos properties across the Las Vegas Valley, from Red Rock, Green Valley Ranch and Durango resorts to Palace, Boulder, Sunset and Santa Fe Stations and smaller Wildfire and Seventy Six venues. Slot-led casino gaming supplies most revenue, complemented by restaurants, bars, hotel rooms, entertainment, bowling, theaters and meeting space.
Targets Las Vegas residents and repeat visitors through convenient locations, a shared loyalty program, customer-level promotions and regular property refreshes. A much smaller Native American activity develops and will manage the North Fork casino in California.
Performance depends on local discretionary spending, property cash flow for debt service and expansion, and continued gaming and liquor approvals. The listed holding company controls Station LLC but owns only part of its economic interests.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Capital One Financial | Upgrade | Rating: — | |
| Sep 2, 2026 | Wolfe Research | Initiate | Rating: —Target: — | Target: $73 |
| Aug 5, 2026 | Stifel Nicolaus | Target | Target: $70 | Target: $74 |
| Aug 5, 2026 | Barclays | Reiterate | Rating: —Target: $72 | Target: $73 |
| Jul 22, 2026 | Morgan Stanley | Target | Target: $59 | Target: $61 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $136.5M · Total debt $3.63B · Total assets $4.37B · Shareholders' equity $171.1M
- Revenue
- $510.3M
- Operating income
- $136.0M
- Net income
- $39.1M
HistoryDividendAnnual yield
| Institutions | 51.49% | 54.07M shares | |
|---|---|---|---|
| 256 holders · as of Jun 30, 2026 | |||
| Insiders | 89.66% | 94.16M shares | |
| 10 holders · as of Sep 16, 2026 | |||
| Adds to | 141.15% | ||
105.02M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (105.02M in the company's Sep 22, 2026 report, 58.47M elsewhere); stakes use the report.
These groups come from separate filings that can overlap, so they add to 141.15%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Lorenzo J. FertittaInsiderdirector, 10 percent owner, officer: Vice President | 45.16% | 47.43M A | filed Jun 15, 2026 |
Frank J. Iii FertittaInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 43.39% | 45.57M A | filed Jun 15, 2026 |
Bamco Inc /NY/Institution | 15.61% | 16.39M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 6.98% | 7.33M A | as of Jun 30, 2026 |
Highline Capital Management, L.P.Institution | 3.34% | 3.51M | filed Feb 14, 2017 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Jeffrey T. Welch | officer: EVP and Chief Legal Officer | −9,000 | $55.88 |
| Aug 12, 2026 | Kord Nichols | officer: EVP & Chief Operating Officer | −9,791 | $63.00 |
| Aug 7, 2026 | Scott Kreeger | officer: President | −31,159 | $61.78 |
- Boyd Gaming
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- MGM Resorts International
Broad Las Vegas resort and entertainment rival
- Caesars Entertainment
Las Vegas, regional, and digital casino overlap
- Wynn Resorts
Premium Las Vegas gaming and hospitality peer
- Monarch Casino & Resort
Smaller Nevada/regional casino-resort comparable
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Red Rock Resorts | $50.79 | +0.98% | $2.94B | 17.8 | 20.4 | 1.5 | −3.0% |
| Boyd Gaming | $73.63 | +1.45% | $5.27B | 3.2 | 9.9 | 1.3 | +0.0% |
| PENN® Entertainment | $16.84 | +4.40% | $2.16B | — | 11.6 | 0.3 | +5.2% |
| MGM Resorts International | $39.00 | +0.70% | $9.74B | 23.5 | 23.7 | 0.5 | +1.1% |
| Caesars Entertainment | $29.69 | +0.12% | $6.04B | — | — | 0.5 | +3.0% |
| Wynn Resorts | $84.26 | +1.13% | $8.65B | 20.0 | 18.9 | 1.2 | +6.9% |
| Monarch Casino & Resort | $121.50 | +1.37% | $2.15B | 19.2 | 17.5 | 3.8 | +4.2% |
| Median | 19.6 | 17.5 | 0.9 | +3.6% |