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Kord Nichols, Executive Vice President and Chief Operating Officer of Red Rock Resorts, Inc. (NASDAQ:RRR), sold 5,250 shares of the company’s Class A Common Stock on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The casino operator, currently valued at $6.16 billion, has demonstrated strong performance with impressive gross profit margins of 67% and a notable 7.6% gain in the past week.
The shares were sold at a price of $61.0, with the total transaction amounting to $320,250. Following the transaction, Nichols directly owns 124,111 shares of Red Rock Resorts. The stock is currently trading near its 52-week high of $62, and according to InvestingPro analysis, the company maintains a "GOOD" financial health rating. For deeper insights into RRR’s valuation and 13 additional exclusive ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Red Rock Resorts reported impressive financial results for the second quarter of 2025, significantly surpassing earnings estimates. The company achieved an earnings per share of $0.95, which was much higher than the anticipated $0.41. Additionally, Red Rock Resorts’ revenue reached $526.3 million, exceeding the forecasted $487.61 million. In their Las Vegas segment, revenue was $513.3 million, which outperformed both Mizuho’s estimate of $485 million and the Street consensus of $479 million. Following these strong results, Mizuho raised its price target for Red Rock Resorts to $62, maintaining its previous rating. Similarly, JMP Securities increased its price target to $64 from $57, keeping a Market Outperform rating based on their valuation metrics. These recent developments highlight the company’s strong performance and the positive outlook from analysts.
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