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

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 19th 2023.
View our MCRI earnings forecast.

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%.

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.

ETFs with the largest weight of Monarch Casino & Resort (NASDAQ:MCRI) stock in their portfolio include AdvisorShares Hotel ETF (BEDZ), AdvisorShares Vice ETF (VICE), B.A.D. Etf (BAD), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco S&P SmallCap Quality ETF (XSHQ) and Pacer US Small Cap Cash Cows 100 ETF (CALF).

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.

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).

Monarch Casino & Resort trades on the NASDAQ under the ticker symbol "MCRI."

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.

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.
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One share of MCRI stock can currently be purchased for approximately $72.92.

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.

The company employs 2,700 workers across the globe.

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.