RED ROCK RESORTS, INC.
boothcheck covers RED ROCK RESORTS, INC. (RRR) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
• Red Rock dominates the Las Vegas locals casino market with seven major resorts and a 29% operating margin, and the share count has fallen about 14% a year as the company aggressively buys back stock. • The flip side is leverage: net debt is roughly 5.9 times operating income with interest covered only about 2.9 times, the tightest cushion in this peer set. • The watch item is the development pipeline: the $385 million Durango North expansion and a new Central California tribal casino opening l
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242 institutional managers reported holding RRR in 13F filings for the quarter ended 2026-03-31. Together they hold about 87% of the company; the top 10 hold 65%. 46 opened new positions that quarter. Held by BlackRock, Vanguard Group, Invesco, among others. On the short side, 4.5M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (5.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
RRR has cut its share count 17.1% over the past five years, spending $725.41M on repurchases. It pays a dividend, and has paid one every year in our records (10 and counting), raised 2 years straight; the current rate is $1.00 a share annually. Cash returned over the past three years: $343.58M in dividends and $121.29M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RRR over the trailing three years: 2024: 13 buys totaling $61.22M. 9 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
RRR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | -5.5% | -5.9% |
| 2023-11-10 | +1.8% | +17.3% |
| 2024-02-22 | +5.2% | +3.7% |
| 2024-05-10 | -7.4% | +17.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RRR's latest 8-K filings: 2026-08-04 (items 2.02, 9.01); 2026-06-12 (items 5.02); 2026-06-08 (items 5.07); 2026-04-29 (items 2.02, 9.01); 2026-02-10 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.