Red Rock Resorts Inc(RRR)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$50.76
09/25/2026
(24-hour delay)

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Upturn Advisory & Investor View for RRR

09/25/2026: RRR (2-star) is currently NOT-A-BUY. Pass it for now.

Red Rock Resorts Inc is a specialized gaming company that focuses on the 'locals' market in Las Vegas, operating a portfolio of well-regarded casino resorts. Its primary strength lies in its dominant market position and an extensive, debt-free land bank that supports long-term growth. The investment story centers on capturing suburban demand through the development of new, modern gaming properties. However, the company faces risks related to its geographic concentration in Las Vegas, economic sensitivity, and the capital-intensive nature of property development. This stock may suit growth-oriented or value investors looking for regional gaming exposure, provided they monitor the Las Vegas local economy and progress on property development projects.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company has a clear path for expansion through its extensive, owned land bank in a growing market.
Momentum investorMixed fitMomentum is conditional on positive trends in the Las Vegas economy and successful property launches.
Value investorStrong fitThe company's asset-heavy model and historical cash flow generation can appeal to value-oriented investors.
Dividend investorStrong fitConsistent operational cash flow supports the company's ability to pay and grow dividends over time.
Low-risk investorWeak fitThe gaming industry is inherently cyclical, and leverage introduces volatility unsuitable for very low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highGaming stocks are sensitive to market cycles and consumer confidence fluctuations.
Valuation riskMediumStock price is tied to expectations of future project success and regional economic growth.
Competition risk (Gaming sector competition)Medium / highNew properties or amenities from peers can shift customer preferences.
Business qualityStrongThe company owns high-quality, well-maintained assets with a strong moat in the locals market.
Dividend incomeMediumDividends are dependent on cash flow, which can fluctuate with economic conditions.
Execution riskMediumDelays or cost overruns in property development could negatively impact financial results.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Moderately Choppy
PRICE STABILITY

Moderately Choppy

The stock has experienced noticeable price swings while retaining some directional structure.

Analysis of Past Performance

Type Stock
Historic Profit 33.09%
Avg. Invested days 55
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
RRR receives a 4-star rating, supported by strong unit economics, solid company fundamentals, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
RRR has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, solid earnings growth (+22.1%) and solid cash generation (FCF margin 14.4%) are partially offset by moderate revenue growth (+3.7%), soft profitability (net margin 9.3%).

Financial Health Rating

★★★★★
RRR's financial health is supported by solid cash strength, including free-cash-flow generation (14.4% of revenue). Liquidity is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is RRR's strongest growth driver at +22.1% FY2025 versus FY2024 (solid, 4 stars). Revenue growth (+3.7%, moderate) and free-cash-flow growth (+15.8%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 91.4% and approximately 79.3% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 9.66% supports management-shareholder alignment.

Top 5 Institutional Investors

BAMCO Inc 22.68%
BlackRock Inc 12.19%
Vanguard Portfolio Management, LLC 5.99%
Vanguard Capital Management, LLC 3.92%
Amvescap Plc. 3.79%

Unit Economics (Per $1K Revenue)

★★★★★
RRR generates approximately $526 of gross profit, $297 of operating income, and $144 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 11.60%

Quantitative Style Profile

★★★★★
RRR has a high-quality, liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedQuality TiltHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 5.18B USD
Price to earnings Ratio 17.94
1Y Target Price 73.39
Price to earnings Ratio 17.94
1Y Target Price 73.39
Volume (30-day avg) 999.3K shares
Beta 1.31
52 Weeks Range 47.78 - 67.79
Updated Date 09/27/2026
52 Weeks Range 47.78 - 67.79
Updated Date 09/27/2026
Dividends yield (FY) 1.99%
Basic EPS (TTM) 2.83

How Company Makes Money

Business areaWhat it includesRetail investor read
Gaming OperationsSlot machines, table games, and betting activities within casino floors.This is the core revenue driver where player activity dictates daily income.
Hospitality and Food & BeverageHotel room revenue, catering, dining outlets, and bar services.These non-gaming segments help diversify revenue and increase visitor length-of-stay.
Las Vegas GeographyAll physical casino resorts located in the Las Vegas valley.Performance is highly correlated with the economic health of the Southern Nevada local population.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 17.94
Forward PE 16.29
Enterprise Value 6.51B
Price to Sales(TTM) 2.58
Enterprise Value 6.51B
Price to Sales(TTM) 2.58
Enterprise Value to Revenue 3.25
Enterprise Value to EBITDA 8.34
Shares Outstanding 59.13M
Shares Floating 46.89M
Shares Outstanding 59.13M
Shares Floating 46.89M
Percent Insiders 9.66
Percent Institutions 91.43

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Red Rock Resorts Inc

Exchange NASDAQ
Headquarters Las Vegas, NV, United States
IPO Launch date 2016-04-27
Chairman & CEO Mr. Frank J. Fertitta III
Sector Consumer Cyclical
Industry Resorts & Casinos
Full time employees 9500
Full time employees 9500

Red Rock Resorts, Inc., through its interest in Station Casinos LLC, develops and manages casino and entertainment properties in the United States. It owns and operates gaming and entertainment facilities, including Durango Casino & Resort and smaller casinos in the Las Vegas regional market. 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.