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

$72.74
+0.22 (+0.30%)
(As of 03/30/2023 04:18 PM ET)
Add
Compare
Today's Range
$72.32
$73.10
50-Day Range
$70.14
$81.04
52-Week Range
$54.01
$94.26
Volume
93,707 shs
Average Volume
101,928 shs
Market Capitalization
$1.39 billion
P/E Ratio
16.31
Dividend Yield
N/A
Price Target
$89.25

Monarch Casino & Resort MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
22.7% Upside
$89.25 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
1.63mentions of Monarch Casino & Resort in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.70%
From $4.82 to $4.95 Per Share

Overall MarketRank

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

2.14 out of 5 stars

Consumer Discretionary Sector

159th out of 262 stocks

Hotels & Motels Industry

17th out of 25 stocks


MCRI stock logo

About Monarch Casino & Resort (NASDAQ:MCRI) Stock

Monarch Casino & Resort, Inc. engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.

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MCRI Stock News Headlines

Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
MCRI Monarch Casino & Resort, Inc.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Why Monarch Casino & Resort Popped 21.2% on Thursday
See More Headlines
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MCRI Company Calendar

Last Earnings
10/24/2021
Ex-Dividend for 3/15 Dividend
2/28/2023
Dividend Payable
3/15/2023
Today
3/30/2023
Next Earnings (Estimated)
4/19/2023
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
$89.25
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$81.00
Forecasted Upside/Downside
+23.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$87.48 million
Pretax Margin
22.81%

Debt

Sales & Book Value

Annual Sales
$477.87 million
Cash Flow
$7.15 per share
Book Value
$28.42 per share

Miscellaneous

Free Float
14,389,000
Market Cap
$1.39 billion
Optionable
Optionable
Beta
1.68

Key Executives

  • Bob Farahi
    Co-Chairman & President
  • John Farahi
    Co-Chairman, Chief Executive Officer & Secretary
  • Michelle Shriver
    Vice President-Operations
  • Edwin S. Koenig
    Chief Financial & Accounting Officer













MCRI Stock - Frequently Asked Questions

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

4 Wall Street equities 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 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MCRI shares.
View MCRI analyst ratings
or view top-rated stocks.

What is Monarch Casino & Resort's stock price forecast for 2023?

4 analysts have issued twelve-month price targets for Monarch Casino & Resort's stock. Their MCRI share price forecasts range from $81.00 to $95.00. On average, they expect the company's share price to reach $89.25 in the next twelve months. This suggests a possible upside of 22.4% 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 start of the year. Since then, MCRI shares have decreased by 5.2% and is now trading at $72.92.
View the best growth stocks for 2023 here
.

Are investors shorting Monarch Casino & Resort?

Monarch Casino & Resort saw a drop in short interest during the month of March. As of March 15th, there was short interest totaling 201,200 shares, a drop of 38.7% from the February 28th total of 328,100 shares. Based on an average daily volume of 99,900 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.5% of the company's shares are sold short.
View Monarch Casino & Resort's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
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 Sunday, October, 24th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.99 by $0.16. The company had revenue of $111.63 million for the quarter, compared to analyst estimates of $98.13 million. Monarch Casino & Resort had a trailing twelve-month return on equity of 17.92% and a net margin of 18.31%.

How often does Monarch Casino & Resort pay dividends? What is the dividend yield for Monarch Casino & Resort?

Monarch Casino & Resort announced a Variable dividend on Tuesday, February 7th. Investors of record on Wednesday, March 1st will be paid a dividend of $5.00 per share on Wednesday, March 15th. The ex-dividend date of this dividend is Tuesday, February 28th.
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 variety of institutional and retail investors. Top institutional investors include DAVENPORT & Co LLC (6.09%), JPMorgan Chase & Co. (4.35%), Macquarie Group Ltd. (2.75%), Brown Advisory Inc. (2.10%), Millennium Management LLC (1.51%) and Tributary Capital Management LLC (1.39%). 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 $72.92.

How much money does Monarch Casino & Resort make?

Monarch Casino & Resort (NASDAQ:MCRI) has a market capitalization of $1.39 billion and generates $477.87 million in revenue each year. The company earns $87.48 million in net income (profit) each year or $4.46 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 3/30/2023 by MarketBeat.com Staff