Wells Fargo has initiated coverage on Red Rock Resorts Inc (RRR) with an Equal-Weight rating, marking the firm’s first formal assessment of the company. This new rating reflects Wells Fargo's analysis of Red Rock's business model, industry dynamics, and growth potential.
Headquartered in Las Vegas, Nevada, Red Rock Resorts operates a range of gaming and entertainment facilities, employing approximately 9,300 full-time workers. The company went public on April 27, 2016, and has since established itself as a major player in the Hotels, Restaurants & Leisure sector. Its properties, including the Red Rock Casino Resort Spa and Green Valley Ranch Resort Spa Casino, serve as regional entertainment hubs, offering various amenities from restaurants to traditional casino gaming.
As of November 18, 2025, Red Rock Resorts boasts a market capitalization of $5.8 billion, a price-to-earnings ratio of 30.69, and an earnings per share (EPS) of 1.84. The stock is currently priced at $55.28, with a notable dividend yield of 192.6%.
Upcoming earnings reports are scheduled for July 26, 2026, with an estimated EPS of $0.68 and revenue of $512.1 million, followed by another report on April 28, 2026, with an estimated EPS of $0.67 and revenue of $513.7 million.
Analyst ratings and price targets provide insights based on research and financial models, though they are inherently subject to change as new information emerges. Investors should consider a range of factors, including company fundamentals and market conditions, when evaluating their investment strategies. As of November 1, 2025, the analyst consensus for Red Rock Resorts includes 1 Strong Buy, 11 Buy, and 5 Hold ratings, indicating a generally positive outlook among analysts.
The move underscores Wells Fargo's recognition of Red Rock's position within a competitive landscape that continues to evolve.