Goldman Sachs Reiterates Buy Rating on Red Rock Resorts

Goldman Sachs reiterated its buy rating on Red Rock Resorts, Inc. (NasdaqGS:RRR) on June 26, 2026. The firm set a price target of $72, indicating confidence in the company's future performance.

Other Institutional Activity in Red Rock Resorts

Several other institutional investors have been active in Red Rock Resorts. BAMCO Inc. increased its holdings by 892,954 shares, reaching a total of 13,412,846 shares valued at roughly $715.7 million, a 7.1% increase. BlackRock, Inc. added 72,218 shares, bringing its total to 7,206,870 shares worth about $384.6 million. Vanguard Portfolio Management LLC opened a new position with 3,543,343 shares valued at approximately $189.1 million. Similarly, Vanguard Capital Management LLC initiated a new stake with 2,318,528 shares, valued at around $123.7 million. Invesco Ltd. significantly boosted its stake by 1,189,743 shares, marking a 112.9% increase to 2,243,829 shares valued at about $119.7 million. Conversely, Diamond Hill Capital Management Inc. trimmed its position by 112,639 shares, resulting in a 5.6% decrease, leaving it with 1,890,597 shares worth approximately $100.9 million.

Red Rock Resorts, Inc. Stock Up 14.2%

Shares of Red Rock Resorts, Inc. (NasdaqGS:RRR) traded near $63.57 on Saturday. The company has a market capitalization of about $3.93 billion and a P/E ratio of 21.7, with a forward P/E of 18.6. The stock's beta is 1.371, indicating higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from a low of $50.52 to a high of $68.99, with a 50-day moving average of $56.69 and a 200-day moving average of $58.88. The company has a current ratio of 0.807 and a quick ratio of 0.587, with a debt-to-equity ratio of 1458.193.

Recent Earnings

Red Rock Resorts reported revenue of approximately $2.02 billion, reflecting a growth rate of 1.9%. The company's earnings per share (EPS) stands at $3.10, with a net margin of 9.2% and a return on equity (ROE) of 114.2%. The next earnings report is anticipated on July 28, 2026.

Dividend

The company offers an annual dividend rate of $1.04, resulting in a yield of 1.55%. The dividend payout ratio is 32.9%, indicating a sustainable payout level.

Insider Buying and Selling at Red Rock Resorts, Inc.

On June 11, 2026, several insiders made notable purchases of Red Rock Resorts shares. Vice President Lorenzo Fertitta bought 301,205 shares, while CEO Frank Fertitta III acquired 148,427 shares. Additionally, EVP & Chief Financial Officer Stephen Cootey and EVP & Chief Operating Officer Kord Nichols purchased 38,511 and 65,125 shares, respectively. None of these transactions were part of a planned trading program.

Analysts Set New Price Targets

On June 26, 2026, Goldman Sachs initiated coverage of Red Rock Resorts with a buy rating and a $72 price target. Macquarie maintained its buy rating with a $72 target on May 19, 2026. Citigroup also maintained a buy rating but with a $62 target on May 1, 2026. The consensus among 16 analysts is a buy recommendation, with an average target price of $66.69.

About Red Rock Resorts

Red Rock Resorts, Inc. operates casino and entertainment properties through its interest in Station Casinos LLC. Based in Las Vegas, Nevada, the company owns and manages facilities like the Durango Casino & Resort and other regional casinos. Founded in 1976, Red Rock Resorts employs about 9,500 people and is led by CEO Frank J. Fertitta III.

Bottom Line

Goldman Sachs' reiterated buy rating and $72 price target reflect confidence in Red Rock Resorts' growth prospects. Investors often track these ratings as part of their research, though they should remember that analyst ratings are opinions and not guarantees. With its diversified portfolio and strong market presence in Las Vegas, Red Rock Resorts remains a key player in the casino and entertainment industry.