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NASDAQ:MCRI

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

$64.41
-0.23 (-0.36%)
(As of 08/9/2022 05:24 PM ET)
Add
Compare
Today's Range
$63.52
$64.50
50-Day Range
$55.35
$70.29
52-Week Range
$54.01
$94.26
Volume
64,233 shs
Average Volume
109,527 shs
Market Capitalization
$1.21 billion
P/E Ratio
15.79
Dividend Yield
N/A
Price Target
$90.33

Monarch Casino & Resort MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
40.2% Upside
$90.33 Price Target
Short Interest
Healthy
2.94% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
0.42mentions of Monarch Casino & Resort in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.10%
From $4.39 to $4.57 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Consumer Discretionary Sector

110th out of 287 stocks

Hotels & Motels Industry

12th out of 26 stocks

MCRI stock logo

About Monarch Casino & Resort (NASDAQ:MCRI) Stock

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.

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MCRI Stock News Headlines

Monarch Casino (MCRI) Q2 Earnings Beat Estimates
MCRI Crosses Above Average Analyst Target
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MCRI Company Calendar

Last Earnings
7/20/2022
Today
8/09/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:MCRI
CUSIP
60902710
Employees
2,650
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$90.33
High Stock Price Forecast
$96.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+40.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$68.49 million
Pretax Margin
22.49%

Debt

Sales & Book Value

Annual Sales
$395.38 million
Cash Flow
$5.79 per share
Book Value
$23.91 per share

Miscellaneous

Free Float
14,189,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
1.66














MCRI Stock - Frequently Asked Questions

Should I buy or sell Monarch Casino & Resort stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. 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.
View MCRI analyst ratings
or view top-rated stocks.

What is Monarch Casino & Resort's stock price forecast for 2022?

3 brokerages have issued 1 year price targets for Monarch Casino & Resort's shares. Their MCRI share price forecasts range from $85.00 to $96.00. On average, they expect the company's share price to reach $90.33 in the next twelve months. This suggests a possible upside of 41.1% from the stock's current price.
View analysts price targets for MCRI
or view top-rated stocks among Wall Street analysts.

How has Monarch Casino & Resort's stock performed in 2022?

Monarch Casino & Resort's stock was trading at $73.95 on January 1st, 2022. Since then, MCRI shares have decreased by 13.4% and is now trading at $64.04.
View the best growth stocks for 2022 here
.

When is Monarch Casino & Resort's next earnings date?

Monarch Casino & Resort is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our MCRI earnings forecast
.

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

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) released its quarterly earnings results on Wednesday, July, 20th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.08 by $0.03. The business earned $115.29 million during the quarter, compared to analysts' expectations of $116.17 million. Monarch Casino & Resort had a trailing twelve-month return on equity of 18.42% and a net margin of 17.87%.

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 many different retail and institutional investors. Top institutional shareholders include DAVENPORT & Co LLC (5.57%), Brown Advisory Inc. (1.82%), Tributary Capital Management LLC (1.12%), Ziegler Capital Management LLC (0.47%), Assenagon Asset Management S.A. (0.33%) and New York State Teachers Retirement System (0.18%). 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 $64.04.

How much money does Monarch Casino & Resort make?

Monarch Casino & Resort (NASDAQ:MCRI) has a market capitalization of $1.21 billion and generates $395.38 million in revenue each year. The company earns $68.49 million in net income (profit) each year or $4.08 on an earnings per share basis.

How many employees does Monarch Casino & Resort have?

Monarch Casino & Resort employs 2,650 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 8/9/2022 by MarketBeat.com Staff

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