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

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.

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.

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.
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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.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our MCRI earnings forecast.

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%.

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 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.

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 $74.80.

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.

The company employs 2,650 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.