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QQQ   385.05
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How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Ex dividend date vs record date: What’s the difference?
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How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
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6 best online and direct marketing retail stocks to invest in
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Last chance to set up your portfolio for OPEC cuts
What does consumer price index measure?

Monarch Casino & Resort Stock Price, News & Analysis (NASDAQ:MCRI)

$63.61
+0.56 (+0.89%)
(As of 12/6/2023 ET)
Compare
Today's Range
$63.45
$64.63
50-Day Range
$57.99
$64.60
52-Week Range
$56.25
$83.84
Volume
126,646 shs
Average Volume
88,728 shs
Market Capitalization
$1.21 billion
P/E Ratio
14.42
Dividend Yield
1.89%
Price Target
$76.33

Monarch Casino & Resort MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
20.0% Upside
$76.33 Price Target
Short Interest
Healthy
1.26% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$1.65 M Sold Last Quarter
Proj. Earnings Growth
5.99%
From $4.34 to $4.60 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Consumer Discretionary Sector

104th out of 238 stocks

Hotels & Motels Industry

14th out of 25 stocks


MCRI stock logo

About Monarch Casino & Resort Stock (NASDAQ:MCRI)

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 Stock Price History

MCRI Stock News Headlines

How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Monarch Casino & Resort Inc MCRI
Monarch Casino & Resort Reports 2023 Third Quarter Financial Results
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Earnings Outlook For Monarch Casino & Resort
Monarch Casino & Resort's Earnings: A Preview
Monarch Casino And Resort earnings preview: what to expect
See More Headlines
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Company Calendar

Ex-Dividend for 9/15 Dividend
8/31/2023
Dividend Payable
9/15/2023
Last Earnings
10/18/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Today
12/06/2023
Dividend Payable
12/15/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

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 Target
$76.33
High Stock Price Target
$83.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+20.0%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$87.48 million
Pretax Margin
22.46%

Debt

Sales & Book Value

Annual Sales
$477.87 million
Cash Flow
$7.03 per share
Book Value
$28.42 per share

Miscellaneous

Free Float
14,385,000
Market Cap
$1.21 billion
Optionable
Optionable
Beta
1.60
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Key Executives

  • Mr. John Farahi (Age 75)
    Co-Chairman, CEO & Secretary
    Comp: $922.39k
  • Mr. Bahram Farahi (Age 72)
    Co-Chairman & President
    Comp: $303.01k
  • Mr. Edwin S. Koenig (Age 55)
    Chief Accounting Officer
    Comp: $240.95k
  • Ms. Michelle Shriver (Age 54)
    Corporate Vice President of Operations
  • Ms. Darlyne Sullivan (Age 68)
    Chief Product & Service Officer
    Comp: $208.88k
  • Mr. Richard L. Cooley (Age 76)
    Vice President of Finance and Treasurer
    Comp: $217.65k














MCRI Stock Analysis - 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 twelve months. 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 target for 2024?

3 equities research analysts have issued 1 year target prices for Monarch Casino & Resort's shares. Their MCRI share price targets range from $65.00 to $83.00. On average, they expect the company's stock price to reach $76.33 in the next twelve months. This suggests a possible upside of 20.0% 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 the year. Since then, MCRI stock has decreased by 17.3% and is now trading at $63.61.
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 Tuesday, February 13th 2024.
View our MCRI earnings forecast
.

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

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced its quarterly earnings data on Wednesday, October, 18th. The company reported $1.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by $0.08. The company had revenue of $132.97 million for the quarter, compared to the consensus estimate of $135.27 million. Monarch Casino & Resort had a net margin of 17.55% and a trailing twelve-month return on equity of 18.03%.

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. Stockholders of record on Friday, December 1st will be given a dividend of $0.30 per share on Friday, December 15th. This represents a $1.20 annualized dividend and a yield of 1.89%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for MCRI
.

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 1.86%. The dividend payout ratio is 27.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCRI will have a dividend payout ratio of 26.09% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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).

Who are Monarch Casino & Resort's major shareholders?

Monarch Casino & Resort's stock is owned by a number of institutional and retail investors. Top institutional shareholders include DAVENPORT & Co LLC (5.98%), JPMorgan Chase & Co. (4.41%), Brown Advisory Inc. (1.99%), Tributary Capital Management LLC (1.48%), Epoch Investment Partners Inc. (1.27%) and American Century Companies Inc. (1.11%). 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.

This page (NASDAQ:MCRI) was last updated on 12/7/2023 by MarketBeat.com Staff

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