Red Rock Resorts, Inc. Class A (RRR)

Over the past six months, Red Rock Resorts' stock price has experienced fluctuations. The stock has decreased by 6.37% over the last six months and by 13.25% year-to-date as of May 10, 2026. The company announced its Third Quarter 2025 results, which saw the stock price decrease. Red Rock Resorts was set to join the S&P SmallCap 600 index. Red Rock Resorts announced its Fourth Quarter and Full Year 2025 results, leading to a decrease in stock price. The company announced the date of its First Quarter 2026 conference call and earnings release, resulting in an increase in stock price. Red Rock Resorts announced its First Quarter 2026 results, with net revenues increasing but net income decreasing, followed by a decrease in stock price. Several analysts adjusted their price targets for RRR, and Zacks Research downgraded Red Rock Resorts from a "hold" rating to a "strong sell" rating on May 8, 2026.

Demand for Red Rock Resorts' products and services exhibits seasonality, with the first quarter of the year generally being the peak quarter for the company's Las Vegas operations. Following the first quarter, results typically experience a decline of 8% to 9% from Q1 to Q2.

Red Rock Resorts, Inc. (RRR) operates through its subsidiary, Station Casinos LLC, focusing on gaming, development, and management of casino and entertainment properties in the United States. The company provides casino gaming, hotels, dining, entertainment venues, movie theaters, bowling alleys, convention spaces, spas, pools, and fitness centers. Key properties include Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Durango Casino Resort, and several Station and Wildfire-branded casinos. Red Rock Resorts also manages Graton Resort & Casino in northern California.

Red Rock Resorts' primary geographic footprint is concentrated in the Las Vegas regional market, owning and operating 19 casino and entertainment properties. The company controls six gaming-entitled development sites in Las Vegas and is pursuing the development of the North Fork Rancheria's casino project in northern California.

Red Rock Resorts maintains a strong brand reputation, particularly within the Las Vegas locals gaming market. The 20th anniversary celebration of the Red Rock Casino Resort & Spa on April 20, 2026, highlighted the resort's success. The successful opening of the Durango Casino & Resort in December 2023 further solidified Red Rock Resorts' strategic land bank and ability to capture demand.

Red Rock Resorts has a dual-class share structure, with Class A Common Stock publicly traded and Class B Common Stock primarily held by the Fertitta Family Entities. Major institutional owners include Bamco Inc /ny/, BlackRock, Inc., and Vanguard Group Inc. Lorenzo J. Fertitta is the largest individual shareholder, owning 92.01% of the company.