Red Rock Resorts, Inc. (RRR) Stock

Red Rock Resorts, Inc. (RRR) is a Consumer Discretionary stock trading at $61.06 (as of 2026-08-20), with a market capitalization of $3.59B and a trailing P/E of 21.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Red Rock Resorts, Inc. develops and operates casino and entertainment properties in the United States, including gaming facilities in the Las Vegas region and management of Graton Resort & Casino. It operates through the Las Vegas Operations and Native American Management segments and has interests including Station Holdco and Station LLC.

Understand Red Rock Resorts, Inc.: how it makes money

Red Rock Resorts develops and operates casino and entertainment properties in the United States, making money primarily from gaming plus add-on revenue streams like food and beverage and hotel operations.

Because most revenue is tied to the company’s owned and operated casino and entertainment facilities (especially casino operating revenues), overall operating performance is structurally driven by gaming demand and on-property revenue mix, while the Native American management segment appears much smaller in revenue contribution.

Revenue by segment (latest quarter)
Las Vegas Ops$0.5B
Native Amer Mgmt$0.0B

Business quality (Strong): Good clarity on how the company earns money (owned and operated casinos, plus management), and the segment split indicates Las Vegas Operations dominates. The operating KPI set mixes gaming revenue with some Durango database and loyalty metrics, and there is limited visibility into Native American Management operating drivers from the provided inputs.

Valuation: At 22× earnings, RRR trades 21% below the Restaurants, Hotels & Motels average (27×). Note: one-time items can distort reported P/E.

Bull case

  • Scale in Las Vegas entertainment operations: The company owns and operates 9 gaming and entertainment facilities and 10 smaller casinos in the Las Vegas regional market, which supports multiple on-property revenue lines such as casino, food and beverage, and rooms.
  • Gaming is the largest visible operating revenue driver: Casino Operating Revenues are listed as the largest operating revenue component (0.33 USD_B), which matters because operating income is directly linked to the performance of that core category.
  • Hotel demand signal: Hotel Occupancy Rate is shown at 86.2 percent in the provided operating KPI set, supporting the idea that visitors are translating into room occupancy in addition to gaming spend.

Bear case

  • Revenue concentration in Las Vegas operations: The latest quarter segment mix provided shows Las Vegas Operations net revenue around 0.5 USD_B versus Native American Management at about 0.01 USD_B, so results can be more sensitive to conditions in the Las Vegas market.
  • Operating results may be exposed to property-level disruptions: Some segment candidates are explicitly framed as excluding impacts from closed properties, which suggests that changes to the property portfolio or closures can affect reported operating revenue.
  • Management segment appears small in revenue contribution: With Native American Management net revenue shown at roughly 0.01 USD_B in the provided candidate set, there is less visible diversification effect from that segment in the latest quarter data provided.
Valuation — source: SEC EDGAR (first-party)
Price$61.06
Market Cap$3.59B
P/E Ratio21.3
EV / EBITDA9.1
Price / Book12.30
Price / Sales1.79
FCF Yield5.4%
DCF Value (model)$50.68
DCF Upside vs Price-17.0%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.01B
Net Margin9.3%
Revenue Growth (YoY)-3.0%
EPS Growth (YoY)-29.2%
FCF Growth (YoY)-77.4%
Financial Health — source: SEC EDGAR
Altman Z-Score1.98 (grey)
Valuation vs Sector & Industry
Stock P/E21.3
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Restaurants, Hotels & Motels)26.6
vs Sector3.8%
vs Industry-20.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBAMCO INC /NY/ ($715.71M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOFrank J. Fertitta
Employees9,300
CountryUS
IPO Date2016-04-27

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RRR earnings history · RRR institutional & insider holders · RRR KPIs & operating metrics · RRR financials · RRR investor presentations & press releases · RRR SEC filings · RRR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.