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Red Rock Resorts Inc

Red Rock Resorts Inc

RRR
$56.97USD↓-2.45%-1.43 today

MARKET CAP

6.0B

P/E (TTM)

18.3x

FWD P/E

—

DAY RANGE

$57 – $59

52W RANGE

$51
$69

AI Summary

Stalk
StalkMedium

RRR has broken below its 200-day SMA on heavy volume, confirming intermediate bearish momentum. Despite extreme oversold conditions that may support a relief bounce, sustainable upside requires reclaiming the 9- and 20-day EMAs and holding the $56.50–$57.00 support zone. Medium-term bias is bullish under mean-reversion eligibility, but short-term timing is unfavorable. We will wait for stabilization near support before engaging.

  • ↑Q2 2026 free cash flow of $100M ($0.95/share); $206.7M YTD
  • ↑Returned $198M via dividends and buybacks; dividend yield at 7.67%
  • ↓Q2 revenue $510.3M (-3% YoY) and adjusted EBITDA $208M (-9.3% YoY)
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Red Rock Resorts, Inc. (NASDAQ: RRR) is a leading operator of integrated casino and resort properties primarily serving the locals market in Las Vegas. The company has established a strong foothold in the gaming and hospitality sectors, leveraging its strategic investments to enhance the guest experience and maintain community ties. With a focus on sustainable growth through capital projects and property renovations, Red Rock is positioned well against competitors, making it a notable player in the gaming industry.

Bull says

  • ↑Q2 2026 free cash flow of $100M ($0.95/share); $206.7M YTD
  • ↑Returned $198M via dividends and buybacks; dividend yield at 7.67%
  • ↑Durango North expansion (2027) and Green Valley Ranch renovations support long-term growth
  • ↑Locals market focus delivers consistent daily value and customer loyalty
  • ↑High earnings yield and strong liquidity reflect a solid balance sheet
  • ↑Positive analyst revisions indicate improving earnings expectations

Bear says

  • ↓Q2 revenue $510.3M (-3% YoY) and adjusted EBITDA $208M (-9.3% YoY)
  • ↓Ongoing Green Valley renovations caused $7M disruption and 21k lost room nights
  • ↓Net debt/EBITDA at 4.21x elevates debt servicing and refinancing risk
  • ↓Negative profitability factors and falling margins stress earnings quality
  • ↓Weak growth outlook amid competitive pressure limits revenue expansion
  • ↓Rising utilities and labor costs further squeeze margins

Investment themes with RRR

Travel & Leisure↑ +0.20%

Consumer travel services and hospitality experiences

EXPE · ABNB · MAR
High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q4 2023 · Mgmt. Guidance

Updated 02-12-2025neutral

Transcript signals

Bull points

  • We like where we're headed in the first quarter and the fourth quarter of 2024 in both group room nights and catering.
  • We're going to continue to dial in the efficiencies of the property. We are certainly working diligently on a Phase 2 plan that we're actually pretty far along on the programming and putting on the finer details of adding some entertainment amenities potentially adding to the number of hotel rooms, adding a couple more food and beverage options as well.
  • It feels like it’s shaping up to be one of the, if not maybe the best weekend, biggest weekend from a big event standpoint that Las Vegas has seen

Bear points

  • Summer is a bit soft. We've got some work to do in the summer,
  • I think it might be just a little too early to assess the impact of cannibalization from our other properties.
  • That roadwork was expected to be done by the end of the year and it has now been extended into all the way to May based on complications of underground and different scheduling issues. So we continue to try to mitigate the impacts to Palace, but it is pretty disruptive getting in and out of the property.
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