Monarch Casino & Resort - MCRI Stock Forecast, Price & News

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. The company also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of December 31, 2021, its Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms and suites; 8 food outlets; 2 gourmet coffee and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space. The company's Atlantis Casino Resort Spa also featured approximately 1,400 slot and video poker machines; approximately 37 table games, including blackjack, craps, roulette, and others; a race and sports book; a 24-hour live keno lounge; and a poker room. In addition, its Monarch Casino Resort Spa Black Hawk featured approximately 60,000 square feet of casino space; approximately 1,100 slot machines; approximately 40 table games; 10 bars and lounges; 4 dining options; 516 guest rooms and suites; banquet and meeting room space; a retail store; a concierge lounge; an upscale spa and pool facility; and a nine-story parking structure with approximately 1,350 spaces, as well as valet parking with a total parking capacity to approximately 1,500 spaces. The company was founded in 1972 and is based in Reno, Nevada.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MCRI. Stifel Nicolaus lowered shares of Monarch Casino & Resort from a "buy" rating to a "hold" rating in a report on Thursday, April 21st. Truist Financial decreased their price target on shares of Monarch Casino & Resort from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, July 20th. StockNews.com upgraded shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating in a report on Wednesday, August 3rd. Finally, Jefferies Financial Group lowered shares of Monarch Casino & Resort from a "buy" rating to a "hold" rating and lifted their price target for the company from $85.00 to $90.00 in a report on Thursday, April 21st.

Monarch Casino & Resort Stock Down 2.2 %

Monarch Casino & Resort stock traded down $1.42 during midday trading on Tuesday, hitting $63.22. 12 shares of the stock were exchanged, compared to its average volume of 82,498. Monarch Casino & Resort has a 1 year low of $54.01 and a 1 year high of $94.26. The firm has a market cap of $1.19 billion, a P/E ratio of 15.84 and a beta of 1.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.59 and a quick ratio of 0.54. The company has a 50 day moving average price of $61.54 and a two-hundred day moving average price of $70.67.

Monarch Casino & Resort (NASDAQ:MCRI - Get Rating) last released its quarterly earnings results on Wednesday, July 20th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.03. Monarch Casino & Resort had a net margin of 17.87% and a return on equity of 18.42%. The firm had revenue of $115.29 million for the quarter, compared to the consensus estimate of $116.17 million. On average, sell-side analysts predict that Monarch Casino & Resort will post 4.39 earnings per share for the current fiscal year.