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NASDAQ:MCRI

Monarch Casino & Resort (MCRI) Stock Price, News & Analysis

$69.13
+0.21 (+0.30%)
(As of 12:31 PM ET)
Today's Range
$68.48
$69.65
50-Day Range
$65.12
$70.80
52-Week Range
$56.25
$77.64
Volume
43,496 shs
Average Volume
98,603 shs
Market Capitalization
$1.32 billion
P/E Ratio
16.46
Dividend Yield
1.74%
Price Target
$72.00

Monarch Casino & Resort MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.0% Upside
$72.00 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
1.69mentions of Monarch Casino & Resort in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.08%
From $4.55 to $4.69 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.42 out of 5 stars

Consumer Discretionary Sector

118th out of 272 stocks

Hotels & Motels Industry

16th out of 28 stocks


MCRI stock logo

About Monarch Casino & Resort Stock (NASDAQ:MCRI)

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was founded in 1972 and is based in Reno, Nevada.

MCRI Stock Price History

MCRI Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Monarch Casino & Resort Inc.
Monarch Casino & Resort: Q4 Earnings Insights
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Monarch Casino & Resort Inc MCRI
Monarch Casino & Resort Reports 2023 Third Quarter Financial Results
Earnings Outlook For Monarch Casino & Resort
See More Headlines
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Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Today
2/29/2024
Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
4/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:MCRI
CUSIP
60902710
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$72.00
High Stock Price Target
$74.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$82.45 million
Pretax Margin
21.64%

Debt

Sales & Book Value

Annual Sales
$501.48 million
Cash Flow
$7.06 per share
Book Value
$26.91 per share

Miscellaneous

Free Float
14,385,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
1.66
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Key Executives

  • Mr. John Farahi (Age 76)
    Co-Chairman, CEO & Secretary
    Comp: $922.39k
  • Mr. Bahram Farahi (Age 73)
    Co-Chairman & President
    Comp: $303.01k
  • Mr. Edwin S. Koenig (Age 56)
    Chief Accounting Officer
    Comp: $240.95k
  • Ms. Michelle Shriver (Age 55)
    Corporate Vice President of Operations
  • Ms. Darlyne Sullivan (Age 69)
    Chief Product & Service Officer
    Comp: $208.88k
  • Mr. Richard L. Cooley (Age 77)
    Vice President of Finance and Treasurer
    Comp: $217.65k














MCRI Stock Analysis - Frequently Asked Questions

Should I buy or sell Monarch Casino & Resort stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MCRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCRI, but not buy additional shares or sell existing shares.
View MCRI analyst ratings
or view top-rated stocks.

What is Monarch Casino & Resort's stock price target for 2024?

2 Wall Street research analysts have issued 12 month price objectives for Monarch Casino & Resort's stock. Their MCRI share price targets range from $70.00 to $74.00. On average, they expect the company's stock price to reach $72.00 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for MCRI
or view top-rated stocks among Wall Street analysts.

How have MCRI shares performed in 2024?

Monarch Casino & Resort's stock was trading at $69.15 at the beginning of the year. Since then, MCRI shares have increased by 0.1% and is now trading at $69.22.
View the best growth stocks for 2024 here
.

When is Monarch Casino & Resort's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 17th 2024.
View our MCRI earnings forecast
.

How were Monarch Casino & Resort's earnings last quarter?

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) issued its quarterly earnings results on Wednesday, July, 19th. The company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by $0.04. The business earned $123.68 million during the quarter, compared to the consensus estimate of $123.57 million. Monarch Casino & Resort had a trailing twelve-month return on equity of 17.41% and a net margin of 16.44%. During the same period in the prior year, the business earned $1.11 earnings per share.

Is Monarch Casino & Resort a good dividend stock?

Monarch Casino & Resort (NASDAQ:MCRI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.75%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCRI will have a dividend payout ratio of 25.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCRI.

What ETFs hold Monarch Casino & Resort's stock?

ETFs with the largest weight of Monarch Casino & Resort (NASDAQ:MCRI) stock in their portfolio include B.A.D. Etf (BAD) and AdvisorShares Hotel ETF (BEDZ).Invesco S&P SmallCap 600 Pure Growth ETF (RZG).

What is John Farahi's approval rating as Monarch Casino & Resort's CEO?

10 employees have rated Monarch Casino & Resort Chief Executive Officer John Farahi on Glassdoor.com. John Farahi has an approval rating of 8% among the company's employees. This puts John Farahi in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Monarch Casino & Resort own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Monarch Casino & Resort investors own include Hawkins (HWKN), NVIDIA (NVDA), Micron Technology (MU), Sorrento Therapeutics (SRNE), Taiwan Semiconductor Manufacturing (TSM), Applied Materials (AMAT), Gilead Sciences (GILD), Intuit (INTU), Marvell Technology (MRVL) and Novavax (NVAX).

Who are Monarch Casino & Resort's major shareholders?

Monarch Casino & Resort's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (6.23%), Vanguard Group Inc. (5.55%), Pacer Advisors Inc. (2.44%), Brown Advisory Inc. (1.92%), Tributary Capital Management LLC (1.45%) and Epoch Investment Partners Inc. (1.13%). Insiders that own company stock include Bob Farahi and David-Jacques Farahi.
View institutional ownership trends
.

How do I buy shares of Monarch Casino & Resort?

Shares of MCRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MCRI) was last updated on 2/29/2024 by MarketBeat.com Staff