NASDAQ:MCRI Monarch Casino & Resort (MCRI) Stock Forecast, Price & News $63.00 -0.66 (-1.04%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$62.79▼$63.7150-Day Range$63.00▼$73.6852-Week Range$54.21▼$85.67Volume104,258 shsAverage Volume84,496 shsMarket Capitalization$1.21 billionP/E Ratio13.73Dividend Yield1.90%Price Target$89.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Monarch Casino & Resort MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside41.3% Upside$89.00 Price TargetShort InterestHealthy1.08% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-2.80Upright™ Environmental ScoreNews Sentiment0.72Based on 5 Articles This WeekInsider TradingSelling Shares$2.35 M Sold Last QuarterProj. Earnings Growth7.22%From $4.57 to $4.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.95 out of 5 starsConsumer Discretionary Sector30th out of 271 stocksHotels & Motels Industry2nd out of 29 stocks 3.3 Analyst's Opinion Consensus RatingMonarch Casino & Resort has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $89.00, Monarch Casino & Resort has a forecasted upside of 41.3% from its current price of $63.00.Amount of Analyst CoverageMonarch Casino & Resort has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.08% of the float of Monarch Casino & Resort has been sold short.Short Interest Ratio / Days to CoverMonarch Casino & Resort has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Monarch Casino & Resort has recently decreased by 1.56%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldMonarch Casino & Resort pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMonarch Casino & Resort does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Monarch Casino & Resort is 26.14%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Monarch Casino & Resort will have a dividend payout ratio of 24.49% next year. This indicates that Monarch Casino & Resort will be able to sustain or increase its dividend. Previous Next 0.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMonarch Casino & Resort has received a -65.10% net impact score from Upright. The largest negative impact of Monarch Casino & Resort in category "GHG emissions" seems to be driven mostly by its "Casino hotel services", "Western fine dining restaurant food", and "Holiday resort services" products. See details.Environmental SustainabilityThe Environmental Impact score for Monarch Casino & Resort is -2.80. Previous Next 3.2 News and Social Media Coverage News SentimentMonarch Casino & Resort has a news sentiment score of 0.72. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Monarch Casino & Resort this week, compared to 2 articles on an average week.MarketBeat Follows1 people have added Monarch Casino & Resort to their MarketBeat watchlist in the last 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Monarch Casino & Resort insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,353,443.00 in company stock.Percentage Held by Insiders24.56% of the stock of Monarch Casino & Resort is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions61.92% of the stock of Monarch Casino & Resort is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Monarch Casino & Resort are expected to grow by 7.22% in the coming year, from $4.57 to $4.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Monarch Casino & Resort is 13.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Monarch Casino & Resort is 13.73, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.67.Price to Book Value per Share RatioMonarch Casino & Resort has a P/B Ratio of 2.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Monarch Casino & Resort (NASDAQ:MCRI) StockMonarch 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.Read More MCRI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MCRI Stock News HeadlinesSeptember 24, 2023 | americanbankingnews.comMonarch Casino & Resort (NASDAQ:MCRI) Upgraded at StockNews.comSeptember 19, 2023 | americanbankingnews.comBob Farahi Sells 24,704 Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) StockSeptember 24, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...September 16, 2023 | americanbankingnews.comMonarch Casino & Resort (NASDAQ:MCRI) Downgraded by StockNews.com to BuyAugust 29, 2023 | msn.comThis mountain town hotel spa is one of the best in USAugust 28, 2023 | finance.yahoo.comThe votes are in and Spa Monarch is honored as one of the top spas in America by USA Today votersAugust 26, 2023 | finance.yahoo.comIs It Smart To Buy Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Before It Goes Ex-Dividend?July 25, 2023 | finance.yahoo.comCalculating The Intrinsic Value Of Monarch Casino & Resort, Inc. (NASDAQ:MCRI)September 24, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.July 24, 2023 | markets.businessinsider.comTruist Financial Reaffirms Their Buy Rating on Monarch Casino & Resort (MCRI)July 20, 2023 | finanznachrichten.deMonarch Casino & Resort, Inc.: Monarch Casino & Resort Reports Record Second Quarter Financial ResultsJuly 20, 2023 | finance.yahoo.comMonarch Casino (MCRI) Q2 Earnings Miss Estimates, Revenues TopJuly 20, 2023 | finance.yahoo.comCompared to Estimates, Monarch Casino (MCRI) Q2 Earnings: A Look at Key MetricsJuly 18, 2023 | benzinga.comMonarch Casino & Resort's Earnings: A PreviewJuly 18, 2023 | markets.businessinsider.comMonarch Casino And Resort earnings preview: what to expectJuly 14, 2023 | finance.yahoo.comWhat Awaits Monarch Casino & Resort (MCRI) in Q2 Earnings?July 13, 2023 | finance.yahoo.comMonarch Casino & Resort to Report 2023 Second Quarter Results After Market Close on July 19June 29, 2023 | finance.yahoo.comInvestors in Monarch Casino & Resort (NASDAQ:MCRI) have seen strong returns of 118% over the past three yearsJune 27, 2023 | markets.businessinsider.comTruist Financial Keeps Their Buy Rating on Monarch Casino & Resort (MCRI)June 27, 2023 | msn.comTruist Securities Reiterates Monarch Casino & Resort (MCRI) Buy RecommendationJune 26, 2023 | finance.yahoo.comThe 7 Best Mid-Cap Stocks to Buy Now for Big YieldsJune 11, 2023 | au.finance.yahoo.comMCRI - Monarch Casino & Resort, Inc.June 5, 2023 | msn.comMonarch Casino & Resort: Current Valuation Does Not Reflect Structurally Improved Financial ProfileJune 3, 2023 | finance.yahoo.comShould You Investigate Monarch Casino & Resort, Inc. (NASDAQ:MCRI) At US$69.24?May 5, 2023 | finance.yahoo.comShareholders Would Enjoy A Repeat Of Monarch Casino & Resort's (NASDAQ:MCRI) Recent Growth In ReturnsApril 21, 2023 | marketwatch.com8-K: MONARCH CASINO & RESORT INCApril 19, 2023 | msn.comMonarch Casino (MCRI) Q1 Earnings Lag EstimatesSee More Headlines Receive MCRI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Monarch Casino & Resort and its competitors with MarketBeat's FREE daily newsletter. Email Address MCRI Company Calendar Last Earnings7/19/2023Ex-Dividend for 9/15 Dividend8/31/2023Dividend Payable9/15/2023Today9/24/2023Next Earnings (Estimated)10/18/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Hotels & motels Sub-IndustryCasinos & Gaming SectorConsumer Discretionary Current SymbolNASDAQ:MCRI CUSIP60902710 CIK907242 Webwww.monarchcasino.com Phone(775) 335-4600Fax775-332-9171Employees2,700Year FoundedN/APrice Target and Rating Average Stock Price Forecast$89.00 High Stock Price Forecast$95.00 Low Stock Price Forecast$81.00 Forecasted Upside/Downside+41.3%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.59 Trailing P/E Ratio13.73 Forward P/E Ratio13.79 P/E GrowthN/ANet Income$87.48 million Net Margins18.20% Pretax Margin23.22% Return on Equity18.01% Return on Assets13.28% Debt Debt-to-Equity Ratio0.09 Current Ratio0.58 Quick Ratio0.51 Sales & Book Value Annual Sales$477.87 million Price / Sales2.52 Cash Flow$7.11 per share Price / Cash Flow8.86 Book Value$28.42 per share Price / Book2.22Miscellaneous Outstanding Shares19,140,000Free Float14,442,000Market Cap$1.21 billion OptionableOptionable Beta1.66 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. John Farahi (Age 75)Co-Chairman, CEO & Sec. Comp: $922.39kMr. Bahram Farahi (Age 72)Co-Chairman & Pres Comp: $303.01kMr. Edwin S. Koenig (Age 55)Chief Accounting Officer Comp: $240.95kMs. Michelle Shriver (Age 54)Corp. VP of Operations Ms. Darlyne Sullivan (Age 68)Chief Product & Service Officer Mr. Richard L. Cooley (Age 76)VP of Fin. and Treasurer More ExecutivesKey CompetitorsPENN EntertainmentNASDAQ:PENNPlaya Hotels & ResortsNASDAQ:PLYAStudio City InternationalNYSE:MSCBally'sNYSE:BALYGreenTree Hospitality GroupNYSE:GHGView All CompetitorsInsiders & InstitutionsBob FarahiSold 24,704 sharesTotal: $1.65 M ($66.67/share)Bob FarahiSold 9,495 sharesTotal: $644,805.45 ($67.91/share)Bob FarahiSold 905 sharesTotal: $61,621.45 ($68.09/share)Virginia Retirement Systems ET ALBought 17,300 shares on 8/22/2023Ownership: 0.090%California State Teachers Retirement SystemSold 336 shares on 8/21/2023Ownership: 0.089%View All Insider TransactionsView All Institutional Transactions MCRI Stock - Frequently Asked Questions Should I buy or sell Monarch Casino & Resort stock right now? 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. What is Monarch Casino & Resort's stock price forecast for 2023? 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. How have MCRI shares performed in 2023? 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. View the best growth stocks for 2023 here. When is Monarch Casino & Resort's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023. 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 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. How often does Monarch Casino & Resort pay dividends? What is the dividend yield for Monarch Casino & Resort? 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. 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). 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 1.90%. 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. 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). What is Monarch Casino & Resort's stock symbol? Monarch Casino & Resort trades on the NASDAQ under the ticker symbol "MCRI." Who are Monarch Casino & Resort's major shareholders? 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Monarch Casino & Resort's stock price today? One share of MCRI stock can currently be purchased for approximately $63.00. How much money does Monarch Casino & Resort make? 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. How many employees does Monarch Casino & Resort have? The company employs 2,700 workers across the globe. How can I contact Monarch Casino & Resort? 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. This page (NASDAQ:MCRI) was last updated on 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Monarch Casino & Resort, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.