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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research 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.
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3 equities research analysts have issued 1 year target prices for Monarch Casino & Resort's shares. Their MCRI share price targets range from $65.00 to $83.00. On average, they expect the company's stock price to reach $76.33 in the next twelve months. This suggests a possible upside of 20.0% from the stock's current price.
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Monarch Casino & Resort's stock was trading at $76.89 at the beginning of the year. Since then, MCRI stock has decreased by 17.3% and is now trading at $63.61.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our MCRI earnings forecast.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced its quarterly earnings data on Wednesday, October, 18th. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by $0.08. The company had revenue of $132.97 million for the quarter, compared to the consensus estimate of $135.27 million. Monarch Casino & Resort had a net margin of 17.55% and a trailing twelve-month return on equity of 18.03%.

Monarch Casino & Resort declared a quarterly dividend on Monday, February 6th. Stockholders of record on Friday, December 1st will be given a dividend of $0.30 per share on Friday, December 15th. This represents a $1.20 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for MCRI.

Monarch Casino & Resort (NASDAQ:MCRI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.86%. The dividend payout ratio is 27.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCRI will have a dividend payout ratio of 26.09% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCRI.

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).

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.

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).

Monarch Casino & Resort's stock is owned by a number of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (5.98%), JPMorgan Chase & Co. (4.41%), Brown Advisory Inc. (1.99%), Tributary Capital Management LLC (1.48%), Epoch Investment Partners Inc. (1.27%) and American Century Companies Inc. (1.11%). Insiders that own company stock include Bob Farahi and David-Jacques Farahi.
View institutional ownership trends.

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