Red Rock Resorts (RRR) Expected to Announce Earnings on Tuesday

Red Rock Resorts (NASDAQ:RRR) is projected to release its Q2 2026 results after the market closes on Tuesday, August 4th. Analysts expect Red Rock Resorts to announce earnings of $0.5060 per share and revenue of $500.0760 million for the quarter. Individuals can check the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 4:30 PM ET.

Red Rock Resorts Price Performance

Shares of NASDAQ RRR opened at $64.44 on Monday. The company’s 50-day simple moving average is $62.34 and its 200-day simple moving average is $59.80. Red Rock Resorts has a 52-week low of $50.52 and a 52-week high of $68.99. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 4.73 and a beta of 1.36. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 14.42.

Hedge Funds Weigh In On Red Rock Resorts

Hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Red Rock Resorts by 2,248.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,354,644 shares of the company’s stock valued at $82,715,000 after purchasing an additional 1,296,956 shares during the last quarter. Invesco Ltd. boosted its stake in Red Rock Resorts by 345.6% during the fourth quarter. Invesco Ltd. now owns 1,054,086 shares of the company’s stock worth $65,301,000 after buying an additional 817,524 shares during the last quarter. Wellington Management Group LLP acquired a new position in Red Rock Resorts during the fourth quarter worth $45,724,000. State Street Corp grew its holdings in Red Rock Resorts by 62.1% in the 4th quarter. State Street Corp now owns 1,814,812 shares of the company’s stock valued at $112,428,000 after buying an additional 695,575 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Red Rock Resorts by 656.8% in the 4th quarter. Millennium Management LLC now owns 373,038 shares of the company’s stock valued at $23,110,000 after buying an additional 323,749 shares in the last quarter. 47.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RRR. Weiss Ratings upgraded shares of Red Rock Resorts from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company upgraded Red Rock Resorts from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $55.00 to $75.00 in a report on Tuesday, July 14th. Wall Street Zen upgraded Red Rock Resorts from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Morgan Stanley set a $61.00 target price on Red Rock Resorts in a report on Wednesday, July 22nd. Finally, Citizens Jmp decreased their target price on Red Rock Resorts from $71.00 to $67.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 30th. Fourteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.24.

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.