--- title: "Options Exercise Activity Initiated By Kord Nichols At Red Rock Resorts Worth $0" type: "News" locale: "en" url: "https://longbridge.com/en/news/289938841.md" description: "Red Rock Resorts (NASDAQ:RRR) EVP & COO Kord Nichols exercised stock options for 0 shares, resulting in a $0 transaction value, as disclosed in a Form 4 filing on June 16. The company's stock rose 1.67% to $62.15. Financially, RRR showed 1.9% revenue growth and a 62.8% gross margin but carries a high debt-to-equity ratio of 25.27. Valuation metrics present mixed signals, with an attractive P/E and EV/EBITDA but an overvalued P/S ratio." datetime: "2026-06-16T15:01:59.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289938841.md) - [en](https://longbridge.com/en/news/289938841.md) - [zh-HK](https://longbridge.com/zh-HK/news/289938841.md) --- # Options Exercise Activity Initiated By Kord Nichols At Red Rock Resorts Worth $0 A substantial insider activity was disclosed on June 16, as Nichols, EVP & Chief Operating Officer at **Red Rock Resorts** (NASDAQ:RRR), reported the exercise of a large sell of company stock options. **What Happened:** A notable Form 4 filing on Tuesday with the U.S. Securities and Exchange Commission revealed that Nichols, EVP & Chief Operating Officer at Red Rock Resorts, exercised stock options for 0 shares of RRR, resulting in a transaction value of $0. As of Tuesday morning, **Red Rock Resorts** shares are up by 1.67%, with a current price of $62.15. This implies that Nichols's 0 shares have a value of $0. ### Get to Know Red Rock Resorts Better 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: A Financial Overview **Positive Revenue Trend:** Examining Red Rock Resorts's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of **1.9%** as of 31 March, 2026, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector. **Insights into Profitability:** - 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 a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 0.74. **Debt Management:** Red Rock Resorts's debt-to-equity ratio surpasses industry norms, standing at **25.27**. This suggests the company carries a substantial amount of debt, posing potential financial challenges. **Navigating Market Valuation:** - Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 19.72, the stock indicates an attractive valuation, potentially presenting a buying opportunity. - Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 2.77, Red Rock Resorts's stock is perceived as being overvalued in the market, particularly in relation to sales performance. - EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With a lower-than-industry-average EV/EBITDA ratio of 8.76, Red Rock Resorts presents a potential value opportunity, as investors are paying less for each unit of EBITDA. **Market Capitalization Analysis:** Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity. ### Delving Into the Significance of Insider Transactions Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture. Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction. The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise. However, insider sells may not always signal a bearish view and can be influenced by various factors. ### Breaking Down the Significance of Transaction Codes In the domain of transactions, investors frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A **P** in Box 3 indicates 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) - [Red Rock Secures DRC Housing Factory Contract as Funding Pressures Persist](https://longbridge.com/en/news/293722914.md) - [Building Better Stock & Option Income – Part 1 How the Process Works](https://longbridge.com/en/news/294585610.md) - [Option Volatility And Earnings Report For July 27-31](https://longbridge.com/en/news/293920673.md) - [Red Light Holland reports FY results](https://longbridge.com/en/news/294223386.md)