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Reformers take 6 of 14 UAW board seats, could win majority
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
"The Bull Market Is Officially OVER"  (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
"The Bull Market Is Officially OVER"  (Ad)pixel
As Musk is learning, content moderation is a messy job
FDA change ushers in cheaper, easier-to-get hearing aids
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Reformers take 6 of 14 UAW board seats, could win majority
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
"The Bull Market Is Officially OVER"  (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
"The Bull Market Is Officially OVER"  (Ad)pixel
As Musk is learning, content moderation is a messy job
FDA change ushers in cheaper, easier-to-get hearing aids
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Reformers take 6 of 14 UAW board seats, could win majority
OPEC keeps oil targets amid uncertainty on Russian sanctions
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
"The Bull Market Is Officially OVER"  (Ad)pixel
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
"The Bull Market Is Officially OVER"  (Ad)pixel
As Musk is learning, content moderation is a messy job
FDA change ushers in cheaper, easier-to-get hearing aids
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Reformers take 6 of 14 UAW board seats, could win majority
OPEC keeps oil targets amid uncertainty on Russian sanctions
NASDAQ:MCRI

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

$83.08
-0.71 (-0.85%)
(As of 12/2/2022 09:00 PM ET)
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Compare
Today's Range
$81.18
$84.19
50-Day Range
$54.21
$84.85
52-Week Range
$54.01
$94.26
Volume
37,400 shs
Average Volume
95,292 shs
Market Capitalization
$1.58 billion
P/E Ratio
19.14
Dividend Yield
N/A
Price Target
$85.33

Monarch Casino & Resort MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.7% Upside
$85.33 Price Target
Short Interest
Healthy
1.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
0.37mentions of Monarch Casino & Resort in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.84%
From $4.68 to $5.00 Per Share

Overall MarketRank

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

1.80 out of 5 stars

Consumer Discretionary Sector

222nd out of 268 stocks

Hotels & Motels Industry

23rd 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.

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MCRI Stock News Headlines

Why Monarch Casino & Resort Popped 21.2% on Thursday
Monarch Casino & Resort, Inc. (MCRI)
Monarch Casino & Resort (NASDAQ: MCRI)
Monarch Casino (MCRI) Q2 Earnings Beat Estimates
See More Headlines
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MCRI Company Calendar

Last Earnings
10/24/2021
Today
12/04/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023

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
$85.33
High Stock Price Forecast
$90.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+2.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$68.49 million
Pretax Margin
22.68%

Debt

Sales & Book Value

Annual Sales
$395.38 million
Cash Flow
$5.76 per share
Book Value
$27.18 per share

Miscellaneous

Free Float
13,890,000
Market Cap
$1.58 billion
Optionable
Optionable
Beta
1.70

Key Executives

  • Mr. John Farahi (Age 74)
    Co- Chairman, CEO & Sec.
    Comp: $2.06M
  • Mr. Bahram Farahi (Age 71)
    Co-Chairman & Pres
    Comp: $255.81k
  • Mr. Edwin S. Koenig (Age 54)
    Chief Accounting Officer
    Comp: $208.32k
  • Ms. Michelle Shriver (Age 53)
    Corp. VP of Operations
  • Ms. Darlyne Sullivan (Age 67)
    Chief Product & Service Officer
  • Mr. Richard L. Cooley (Age 75)
    VP of Fin. and Treasurer













MCRI Stock - Frequently Asked Questions

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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?

3 Wall Street research analysts have issued 12-month price targets for Monarch Casino & Resort's stock. Their MCRI share price forecasts range from $77.00 to $90.00. On average, they anticipate the company's stock price to reach $85.33 in the next twelve months. This suggests a possible upside of 2.7% 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 2022?

Monarch Casino & Resort's stock was trading at $73.95 on January 1st, 2022. Since then, MCRI shares have increased by 12.3% and is now trading at $83.08.
View the best growth stocks for 2022 here
.

Are investors shorting Monarch Casino & Resort?

Monarch Casino & Resort saw a decrease in short interest in November. As of November 15th, there was short interest totaling 237,000 shares, a decrease of 28.6% from the October 31st total of 332,000 shares. Based on an average trading volume of 64,700 shares, the short-interest ratio is currently 3.7 days. Approximately 1.8% 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, February 8th 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 results on Sunday, October, 24th. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.16. The business had revenue of $111.63 million for the quarter, compared to analysts' expectations of $98.13 million. Monarch Casino & Resort had a trailing twelve-month return on equity of 18.24% and a net margin of 18.13%.

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 BlackRock Inc. (11.13%), DAVENPORT & Co LLC (6.16%), Vanguard Group Inc. (4.90%), Macquarie Group Ltd. (2.71%), State Street Corp (2.39%) and Brown Advisory Inc. (2.19%). 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 $83.08.

How much money does Monarch Casino & Resort make?

Monarch Casino & Resort (NASDAQ:MCRI) has a market capitalization of $1.58 billion and generates $395.38 million in revenue each year. The company earns $68.49 million in net income (profit) each year or $4.34 on an earnings per share basis.

How many employees does Monarch Casino & Resort have?

The company 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 12/5/2022 by MarketBeat.com Staff