Red Rock Resorts, Inc. Class A (RRR)

October 28, 2025: Red Rock Resorts announced its Third Quarter 2025 results, leading to an 11.73% stock price drop and the initiation of a $300 million stock buyback program. November 26, 2025: RRR shares fell 18.6% from an August 2025 peak but recovered by late November. January 7, 2026: The announcement of the Q4 and Full Year 2025 conference call coincided with a 1.32% stock decline. February 10, 2026: Red Rock Resorts announced positive Q4 and Full Year 2025 results, but the stock slipped by 2.87%. February 11, 2026: Jefferies raised its price target on RRR to $79.00 from $73.00. March 10, 2026: Citizens maintained its "Market Outperform" rating and a $71.00 price target on RRR stock. March 31, 2026: Red Rock Resorts announced the date for its First Quarter 2026 conference call. April 2, 2026: The share price was $55.04. April 8, 2026: Red Rock Resorts' stock had decreased by 9.5% from its trading price of $61.95 at the start of the year to $56.0420. April 9, 2026: The stock price decreased by 1.17% to $56.4. April 10, 2026: The stock was trading at $56.40.

Demand for Red Rock Resorts' products and services in Las Vegas exhibits some seasonality, with tourism slowing during the hotter summer months. However, Red Rock Resorts primarily targets local residents, making its business less sensitive to broader tourism fluctuations. Convention demand in Las Vegas remained steady in 2025, and projections for fall 2025 and 2026 were optimistic.

Red Rock Resorts, Inc. operates in the Consumer Cyclical sector, focusing on Resorts & Casinos and Casinos and Gaming industries. The company offers a wide array of casino gaming options and non-gaming amenities, including food and beverage outlets, hotel rooms, entertainment venues, and convention spaces. They also engage in Native American gaming development and management activities.

Red Rock Resorts' operations are primarily concentrated in the Las Vegas Valley, Nevada, with casino properties strategically located across key residential areas. This placement ensures convenient access for local customers. The company is also involved in Native American gaming development and management in northern California and western Michigan.

Red Rock Resorts has been recognized as the top gaming employer in Nevada by the Las Vegas Review-Journal for three years. Employee sentiment is positive, with Station Casinos having a 3.6-star rating on Glassdoor.com, where 65% of employees recommend the company and 79% approve of the CEO. No specific negative events significantly impacted Red Rock Resorts' brand reputation in the past year.

Red Rock Resorts, Inc. has a significant number of institutional owners and shareholders, with 258 institutional owners holding 51,948,844 shares as of April 8, 2026. Major institutional owners include Bamco Inc /ny/, BlackRock, Inc., and Vanguard Group Inc. Key individual owners include Lorenzo J. Fertitta and Frank J. Fertitta III, with Lorenzo J. Fertitta being the largest individual shareholder, owning 96.64 million shares, representing 92.01% of the company. Frank and Lorenzo Fertitta hold majority ownership.