--- title: "Frank J. Fertitta III Decides To Exercise Options At Red Rock Resorts Worth $0" type: "News" locale: "en" url: "https://longbridge.com/en/news/289938833.md" description: "Red Rock Resorts CEO Frank J. Fertitta III exercised stock options for 0 shares at a $0.00 exercise price, per an SEC Form 4 filing on June 16. The company's stock rose 1.67% to $62.15. Financially, Red Rock reported 1.9% revenue growth, a 62.8% gross margin, and an EPS of 0.74, though its debt-to-equity ratio is high at 25.27." datetime: "2026-06-16T15:01:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289938833.md) - [en](https://longbridge.com/en/news/289938833.md) - [zh-HK](https://longbridge.com/zh-HK/news/289938833.md) --- # Frank J. Fertitta III Decides To Exercise Options At Red Rock Resorts Worth $0 In a new SEC filing on June 16, it was revealed that III, Chief Executive Officer at **Red Rock Resorts** (NASDAQ:RRR), executed a significant exercise of company stock options. **What Happened:** A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that III, Chief Executive Officer at Red Rock Resorts, a company in the Consumer Discretionary sector, just exercised stock options worth 0 shares of RRR stock with an exercise price of $0.0. The latest update on Tuesday morning shows **Red Rock Resorts** shares up by 1.67%, trading at $62.15. At this price, III's 0 shares are worth $0. ### About Red Rock Resorts Red Rock Resorts Inc along with its subsidiary is a gaming, development and management company that develops and operates strategically-located casino and entertainment properties. Its casino properties are conveniently located throughout the Las Vegas valley and provide its customers a wide variety of entertainment and dining options. The majority of revenue is derived from Casinos, followed by Food and Beverages, Rooms and others. ### Red Rock Resorts: Financial Performance Dissected **Revenue Growth:** Red Rock Resorts displayed positive results in 3 months. As of 31 March, 2026, the company achieved a solid revenue growth rate of approximately **1.9%**. This indicates a notable increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers. **Navigating Financial Profits:** - Gross Margin: The company excels with a remarkable gross margin of 62.8%, indicating superior cost efficiency and profitability compared to its industry peers. - Earnings per Share (EPS): Red Rock Resorts's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 0.74. **Debt Management:** Red Rock Resorts's debt-to-equity ratio stands notably higher than the industry average, reaching **25.27**. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage. **Valuation Overview:** - Price to Earnings (P/E) Ratio: The P/E ratio of 19.72 is lower than the industry average, implying a discounted valuation for Red Rock Resorts's stock. - Price to Sales (P/S) Ratio: The current P/S ratio of 2.77 is above industry norms, reflecting an elevated valuation for Red Rock Resorts's stock and potential overvaluation based on sales performance. - EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): At 8.76, Red Rock Resorts's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation **Market Capitalization Analysis:** Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity. ### Why Insider Transactions Are Key in Investment Decisions While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process. Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction. Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise. But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors. ### Transaction Codes Worth Your Attention For investors, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A **P** in Box 3 denotes a purchase, while **S** signifies a sale. Transaction code **C** signals the conversion of an option, and transaction code **A** denotes a grant, award, or other acquisition of securities from the company. Check Out The Full List Of Red Rock Resorts's Insider Trades. _This article was generated by Benzinga's automated content engine and reviewed by an editor._ ### Related Stocks - [RRR.US](https://longbridge.com/en/quote/RRR.US.md) ## Related News & Research - [Red Rock Resorts (RRR) Projected to Post Quarterly Earnings on Tuesday](https://longbridge.com/en/news/294015224.md) - [Why FormFactor stock is skyrocketing today](https://longbridge.com/en/news/294397637.md) - [REG - Norman Broadbent PLC - Holding(s) in Company](https://longbridge.com/en/news/294806776.md) - [How Casino Divestitures and Racetrack Upgrades At Churchill Downs (CHDN) Have Changed Its Investment Story](https://longbridge.com/en/news/294728819.md) - [PVG Asset Management Corp Buys Shares of 13,580 Gorman-Rupp Company (The) $GRC](https://longbridge.com/en/news/294675874.md)