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

$65.42
-1.60 (-2.39%)
(As of 05/22/2024 ET)
Today's Range
$64.90
$67.00
50-Day Range
$65.42
$74.99
52-Week Range
$56.25
$75.40
Volume
127,763 shs
Average Volume
115,191 shs
Market Capitalization
$1.23 billion
P/E Ratio
15.47
Dividend Yield
1.83%
Price Target
$73.33

Monarch Casino & Resort MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.1% Upside
$73.33 Price Target
Short Interest
Healthy
2.63% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
4.71%
From $4.46 to $4.67 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.

4.32 out of 5 stars

Consumer Discretionary Sector

57th out of 256 stocks

Hotels & Motels Industry

12th out of 26 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 incorporated in 1993 and is based in Reno, Nevada.

MCRI Stock Price History

MCRI Stock News Headlines

Monarch (NASDAQ:MCRI) Misses Q1 Revenue Estimates
What To Expect From Monarch’s (MCRI) Q1 Earnings
Monarch Casino & Resort, Inc.
Monarch Casino & Resort Inc
Monarch Casino & Resort Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/29/2024
Dividend Payable
3/15/2024
Last Earnings
4/17/2024
Today
5/22/2024
Ex-Dividend for 6/15 Dividend
5/31/2024
Dividend Payable
6/15/2024
Next Earnings (Estimated)
7/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:MCRI
CUSIP
60902710
Employees
2,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$73.33
High Stock Price Target
$76.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+12.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$82.45 million
Pretax Margin
21.67%

Debt

Sales & Book Value

Annual Sales
$501.48 million
Cash Flow
$6.85 per share
Book Value
$27.16 per share

Miscellaneous

Free Float
14,062,000
Market Cap
$1.23 billion
Optionable
Optionable
Beta
1.67
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. John Farahi (Age 76)
    Co-Chairman, CEO & Secretary
    Comp: $906.77k
  • Mr. Bahram Farahi (Age 73)
    Co-Chairman & President
    Comp: $306.54k
  • Mr. Edwin S. Koenig (Age 56)
    Chief Accounting Officer
    Comp: $232.59k
  • 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?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last twelve months. There are currently 3 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?

3 Wall Street research analysts have issued twelve-month price objectives for Monarch Casino & Resort's shares. Their MCRI share price targets range from $70.00 to $76.00. On average, they expect the company's share price to reach $73.33 in the next year. This suggests a possible upside of 12.1% 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 stock has decreased by 5.4% and is now trading at $65.42.
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, July 17th 2024.
View our MCRI earnings forecast
.

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

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced its earnings results on Wednesday, April, 17th. The company reported $0.93 EPS for the quarter, missing analysts' consensus estimates of $0.98 by $0.05. The firm had revenue of $121.66 million for the quarter, compared to analysts' expectations of $122.13 million. Monarch Casino & Resort had a trailing twelve-month return on equity of 17.13% and a net margin of 16.40%.

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 1.80%. The dividend payout ratio is 28.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCRI will have a dividend payout ratio of 25.70% 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), AdvisorShares Hotel ETF (BEDZ) and Invesco S&P SmallCap 600 GARP ETF (GRPZ).Invesco S&P SmallCap Low Volatility ETF (XSLV).

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 retail and institutional investors. Top institutional shareholders include DAVENPORT & Co LLC (6.11%), Vanguard Group Inc. (5.52%), Janus Henderson Group PLC (2.02%), Tributary Capital Management LLC (1.46%), Epoch Investment Partners Inc. (1.05%) and Principal Financial Group Inc. (0.39%).
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 5/23/2024 by MarketBeat.com Staff

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