Red Rock Resorts, Inc. Class A (RRR)

In July 2025, RRR shares jumped 6% after reporting strong second-quarter financial results, beating revenue expectations. In August 2025, RRR shares reached a marginal new high of $63.59. In October 2025, the stock experienced a pullback, falling to a low of $51.76 per share, missing Wall Street's revenue expectations for Q3 CY2025. In November 2025, Jefferies upgraded Red Rock Resorts (RRR) from Hold to Buy. In January 2026, Red Rock Resorts announced the date for its Fourth Quarter and Full Year 2025 Conference Call and Earnings Release, with a share price of $61.87, representing a 36.28% increase over the past year.

Red Rock Resorts' business exhibits some seasonality, despite focusing on a stable local customer base. The third quarter may experience a dip in performance compared to the second quarter, with an expectation for Q3 EBITDA to decline by approximately 10% from Q2 levels. The Native American management segment, specifically the North Fork project, is noted as not being part of the typical seasonality.

Red Rock Resorts, Inc. (RRR) is a holding company managing and developing gaming and entertainment facilities, operating in the Consumer Discretionary sector, specifically the Gambling, Resorts & Casinos industry. The company focuses on the Las Vegas locals market, targeting frequent visits from a loyal customer base. It operates through Las Vegas Operations and Native American Management segments, offering casino gaming, restaurants, entertainment, hotels, and convention spaces. The company owns and operates several casino and entertainment properties, including Red Rock Casino Resort & Spa and various Station and Wildfire-branded casinos.

Red Rock Resorts, Inc. primarily operates in the United States, focusing on the Las Vegas regional market in Nevada, where it owns and operates 9 gaming and entertainment facilities and 10 smaller casinos. Over 90% of the Las Vegas population resides within five miles of one of its gaming facilities. Additionally, Red Rock Resorts manages the Graton Resort & Casino in northern California and controls six gaming-entitled development sites in Las Vegas, totaling approximately 441 acres.

Red Rock Resorts has maintained a strong position in the Las Vegas locals gaming market, focusing on a resilient market with strategic real estate and development. Positive financial results, such as the Q2 2025 net revenue increase and net income increase, bolster its reputation. Analyst upgrades, such as Jefferies moving RRR from Hold to Buy in November 2025, reflect a positive perception. The company has been recognized as a top gaming employer in Nevada.

Red Rock Resorts, Inc. operates under a dual-class stock structure, where the Fertitta family maintains a super-majority of the voting power. Frank J. Fertitta III is the Chairman and Chief Executive Officer, and Lorenzo J. Fertitta is the Vice Chairman of the Board. Major institutional owners include Bamco Inc /ny/, Vanguard Group Inc, BlackRock, Inc., Diamond Hill Capital Management Inc, Eminence Capital, Lp, Fmr Llc, and Baron Capital Group, Inc. These institutions collectively hold a significant number of shares, with 486 institutional owners and shareholders holding a total of 69,204,356 shares.