S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
[BREAKING] New "Living Missile" to Replace Nuclear Missiles (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
NASDAQ:MCRI

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

$63.00
-0.66 (-1.04%)
(As of 09/22/2023 ET)
Compare
Today's Range
$62.79
$63.71
50-Day Range
$63.00
$73.68
52-Week Range
$54.21
$85.67
Volume
104,258 shs
Average Volume
84,496 shs
Market Capitalization
$1.21 billion
P/E Ratio
13.73
Dividend Yield
1.90%
Price Target
$89.00

Monarch Casino & Resort MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
41.3% Upside
$89.00 Price Target
Short Interest
Healthy
1.08% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
0.72mentions of Monarch Casino & Resort in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.35 M Sold Last Quarter
Proj. Earnings Growth
7.22%
From $4.57 to $4.90 Per Share

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 stars

Consumer Discretionary Sector

30th out of 271 stocks

Hotels & Motels Industry

2nd out of 29 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. 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.

MCRI Price History

MCRI Stock News Headlines

Monarch Casino & Resort (NASDAQ:MCRI) Upgraded at StockNews.com
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%...
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.
Monarch Casino & Resort's Earnings: A Preview
Monarch Casino And Resort earnings preview: what to expect
The 7 Best Mid-Cap Stocks to Buy Now for Big Yields
MCRI - Monarch Casino & Resort, Inc.
8-K: MONARCH CASINO & RESORT INC
See More Headlines
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MCRI Company Calendar

Last Earnings
7/19/2023
Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Today
9/24/2023
Next Earnings (Estimated)
10/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Hotels & motels
Sub-Industry
Casinos & Gaming
Current Symbol
NASDAQ:MCRI
CUSIP
60902710
Employees
2,700
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$87.48 million
Pretax Margin
23.22%

Debt

Sales & Book Value

Annual Sales
$477.87 million
Cash Flow
$7.11 per share
Book Value
$28.42 per share

Miscellaneous

Free Float
14,442,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
1.66
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Key Executives

  • Mr. John Farahi (Age 75)
    Co-Chairman, CEO & Sec.
    Comp: $922.39k
  • Mr. Bahram Farahi (Age 72)
    Co-Chairman & Pres
    Comp: $303.01k
  • Mr. Edwin S. Koenig (Age 55)
    Chief Accounting Officer
    Comp: $240.95k
  • Ms. 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













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

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