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S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
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The Next Big Crisis Is Here (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
Is This The End of Capitalism? (Ad)
Why Extreme Networks is a Recession-Proof Technology Play
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Is This The End of Capitalism? (Ad)
Grab Shares Are Suddenly On Track To Double
Buying The Dip In Colgate-Palmolive 
S&P 500   3,852.36
DOW   32,920.46
QQQ   290.27
Mullen Automotive On Hiring Spree, What Could That Mean? 
The Next Big Crisis Is Here (Ad)
What You Need to Know About Annuity Withdrawals
SoFi Technologies Smashes Earnings but Beware the Fed Decision
Is This The End of Capitalism? (Ad)
Why Extreme Networks is a Recession-Proof Technology Play
Why Gold Can Be A Glistening Addition To Your Portfolio Right Now
Is This The End of Capitalism? (Ad)
Grab Shares Are Suddenly On Track To Double
Buying The Dip In Colgate-Palmolive 
NASDAQ:MCRI

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

$74.80
-1.44 (-1.89%)
(As of 01/30/2023 12:00 AM ET)
Add
Compare
Today's Range
$74.53
$76.85
50-Day Range
$74.80
$84.85
52-Week Range
$54.01
$94.26
Volume
79,156 shs
Average Volume
61,519 shs
Market Capitalization
$1.42 billion
P/E Ratio
17.24
Dividend Yield
N/A
Price Target
$85.75

Monarch Casino & Resort MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
14.6% Upside
$85.75 Price Target
Short Interest
Healthy
2.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
-2.80
Upright™ Environmental Score
News Sentiment
0.90mentions of Monarch Casino & Resort in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.61%
From $4.69 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.

2.10 out of 5 stars

Consumer Discretionary Sector

153rd out of 279 stocks

Hotels & Motels Industry

16th out of 26 stocks


MCRI stock logo

About Monarch Casino & Resort (NASDAQ:MCRI) Stock

Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel & casino facility in Reno, Nevada and the Monarch Black Hawk Casino in Black Hawk, Colorado. The Atlantis features casino space, guest rooms, food outlets, espresso and pastry bars, health spas and salons, retail outlets offering clothing and traditional gift shop merchandise, family entertainment centers, banquets, and convention and meeting room spaces. The casino features slot and video poker machines, table games, including blackjack, craps, roulette, and others, a race and sports book, a 24-hour live keno lounge, and a poker room. The Monarch Casino Black Hawk features casino space, slot machines, table games, a buffet-style restaurant, a snack bar, and a parking structure. The company was founded in 1993 and is headquartered in Reno, NV.

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MCRI Stock News Headlines

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Short Interest Update
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Monarch Casino & Resort (NASDAQ:MCRI) Sees Strong Trading Volume
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Why Monarch Casino & Resort Popped 21.2% on Thursday
Monarch Casino & Resort, Inc. (MCRI)
See More Headlines
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MCRI Company Calendar

Last Earnings
10/24/2021
Today
1/31/2023
Next Earnings (Estimated)
2/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$85.75
High Stock Price Forecast
$95.00
Low Stock Price Forecast
$77.00
Forecasted Upside/Downside
+14.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$68.49 million
Pretax Margin
22.68%

Debt

Sales & Book Value

Annual Sales
$395.38 million
Cash Flow
$5.65 per share
Book Value
$23.91 per share

Miscellaneous

Free Float
14,269,000
Market Cap
$1.42 billion
Optionable
Optionable
Beta
1.70

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 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 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 Wall Street research analysts have issued twelve-month target prices for Monarch Casino & Resort's stock. Their MCRI share price forecasts range from $77.00 to $95.00. On average, they anticipate the company's stock price to reach $85.75 in the next year. This suggests a possible upside of 14.6% 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 on January 1st, 2023. Since then, MCRI shares have decreased by 2.7% and is now trading at $74.80.
View the best growth stocks for 2023 here
.

Are investors shorting Monarch Casino & Resort?

Monarch Casino & Resort saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 285,700 shares, a decline of 26.5% from the December 31st total of 388,700 shares. Based on an average trading volume of 75,300 shares, the days-to-cover ratio is currently 3.8 days. Approximately 2.1% of the company's stock are short sold.
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) posted its earnings results on Sunday, October, 24th. The company reported $1.15 EPS for the quarter, beating 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 many different retail and institutional investors. Top institutional investors include DAVENPORT & Co LLC (6.09%), Tributary Capital Management LLC (1.39%), Assenagon Asset Management S.A. (0.82%), Ziegler Capital Management LLC (0.52%), Wakefield Asset Management LLLP (0.05%) and Strs Ohio (0.05%). 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 $74.80.

How much money does Monarch Casino & Resort make?

Monarch Casino & Resort (NASDAQ:MCRI) has a market capitalization of $1.42 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 1/31/2023 by MarketBeat.com Staff