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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MCRI shares.
View MCRI analyst ratings or view top-rated stocks.

3 brokerages have issued 1-year price objectives for Monarch Casino & Resort's stock. Their MCRI share price forecasts range from $81.00 to $95.00. On average, they anticipate the company's share price to reach $89.00 in the next year. This suggests a possible upside of 41.3% from the stock's current price.
View analysts price targets for MCRI or view top-rated stocks among Wall Street analysts.

Monarch Casino & Resort's stock was trading at $76.89 at the beginning of 2023. Since then, MCRI stock has decreased by 18.1% and is now trading at $63.00.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our MCRI earnings forecast.

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 18.01% and a net margin of 18.20%. During the same quarter in the previous year, the company earned $1.11 earnings per share.

Monarch Casino & Resort declared a quarterly dividend on Monday, February 6th. Shareholders of record on Friday, September 1st will be given a dividend of $0.30 per share on Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, August 31st.
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).

Monarch Casino & Resort (NASDAQ:MCRI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.90%. The dividend payout ratio is 26.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCRI will have a dividend payout ratio of 24.49% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCRI.

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 trades on the NASDAQ under the ticker symbol "MCRI."

Monarch Casino & Resort's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.21%), DAVENPORT & Co LLC (6.00%), JPMorgan Chase & Co. (4.24%), State Street Corp (2.50%), Brown Advisory Inc. (1.93%) and Geode Capital Management LLC (1.45%). 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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One share of MCRI stock can currently be purchased for approximately $63.00.

Monarch Casino & Resort (NASDAQ:MCRI) has a market capitalization of $1.21 billion and generates $477.87 million in revenue each year. The company earns $87.48 million in net income (profit) each year or $4.59 on an earnings per share basis.

The company employs 2,700 workers across the globe.

Monarch Casino & Resort's mailing address is 3800 S VIRGINIA STREET, RENO NV, 89502. The official website for the company is www.monarchcasino.com. The company can be reached via phone at (775) 335-4600 or via fax at 775-332-9171.