NASDAQ:MCRI

Monarch Casino & Resort Stock Forecast, Price & News

$66.71
+0.19 (+0.29 %)
(As of 04/23/2021 01:50 PM ET)
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Today's Range
$66.32
Now: $66.71
$67.40
50-Day Range
$59.61
MA: $64.79
$69.75
52-Week Range
$24.17
Now: $66.71
$70.89
Volume489 shs
Average Volume98,945 shs
Market Capitalization$1.23 billion
P/E Ratio86.64
Dividend YieldN/A
Beta1.66
Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of February 24, 2021, the company's 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. Its 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, the company's Monarch Casino Resort Spa Black Hawk featured approximately 60,000 square feet of casino space; approximately 1,200 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 1,500 spaces. Monarch Casino & Resort, Inc. was founded in 1972 and is based in Reno, Nevada.
Monarch Casino & Resort logo

Industry, Sector and Symbol

Industry Hotels & motels
Sub-IndustryCasinos & Gaming
Current SymbolNASDAQ:MCRI
CUSIP60902710
Phone775-335-4600
Employees2,300
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$249.17 million
Cash Flow$3.12 per share
Book Value$18.87 per share

Profitability

Net Income$31.82 million

Miscellaneous

Market Cap$1.23 billion
Next Earnings Date4/28/2021 (Estimated)
OptionableOptionable

Headlines

Monarch Casino & Resort: Q4 Earnings Insights
February 24, 2021 |  benzinga.com
Is MCRI A Good Stock To Buy Now?
December 10, 2020 |  finance.yahoo.com
Top Casino Stocks for Q1 2021
December 7, 2020 |  finance.yahoo.com
MGM Resorts (MGM) Posts Narrower-than-Expected Loss in Q3
October 30, 2020 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

1.34 out of 5 stars

Consumer Discretionary Sector

187th out of 571 stocks

Hotels & Motels Industry

14th out of 41 stocks

Analyst Opinion: 1.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.8Valuation: 1.9 5 -4 -3 -2 -1 -
$66.71
+0.19 (+0.29 %)
(As of 04/23/2021 01:50 PM ET)
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Monarch Casino & Resort (NASDAQ:MCRI) Frequently Asked Questions

Is Monarch Casino & Resort a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Monarch Casino & Resort stock.
View analyst ratings for Monarch Casino & Resort
or view top-rated stocks.

What stocks does MarketBeat like better than Monarch Casino & Resort?

Wall Street analysts have given Monarch Casino & Resort a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Monarch Casino & Resort wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Monarch Casino & Resort?

Monarch Casino & Resort saw a decrease in short interest during the month of March. As of March 31st, there was short interest totaling 306,300 shares, a decrease of 24.1% from the March 15th total of 403,600 shares. Based on an average daily trading volume, of 105,600 shares, the short-interest ratio is currently 2.9 days. Currently, 2.4% of the company's shares are short sold.
View Monarch Casino & Resort's Short Interest
.

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

Monarch Casino & Resort is scheduled to release its next quarterly earnings announcement on Wednesday, April 28th 2021.
View our earnings forecast for Monarch Casino & Resort
.

How were Monarch Casino & Resort's earnings last quarter?

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) released its quarterly earnings results on Tuesday, February, 23rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.26. The firm earned $58.38 million during the quarter, compared to analysts' expectations of $60.60 million. Monarch Casino & Resort had a net margin of 7.77% and a trailing twelve-month return on equity of 5.54%.
View Monarch Casino & Resort's earnings history
.

How has Monarch Casino & Resort's stock been impacted by COVID-19?

Monarch Casino & Resort's stock was trading at $26.47 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MCRI shares have increased by 152.5% and is now trading at $66.83.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for MCRI?

4 brokerages have issued 1 year price objectives for Monarch Casino & Resort's shares. Their forecasts range from $38.00 to $65.00. On average, they expect Monarch Casino & Resort's share price to reach $50.60 in the next year. This suggests that the stock has a possible downside of 24.3%.
View analysts' price targets for Monarch Casino & Resort
or view top-rated stocks among Wall Street analysts.

Who are Monarch Casino & Resort's key executives?

Monarch Casino & Resort's management team includes the following people:
  • Mr. John Farahi, Co- Chairman, CEO & Sec. (Age 73, Pay $853.3k)
  • Mr. Bob Farahi, Co-Chairman & Pres (Age 70, Pay $300.94k)
  • Mr. David-Jacques Farahi, Chief Operating Officer (Age 39, Pay $466k)
  • Mr. Edwin S. Koenig, Chief Accounting Officer (Age 53, Pay $185.23k)
  • Mr. Lou Dorn, Chief Legal Officer & Gen. Counsel
  • Mrs. Darlyne Sullivan, Chief Product & Service Officer (Age 66)
  • Mr. Richard L. Cooley, VP of Fin. and Treasurer (Age 74)

What is John Farahi's approval rating as Monarch Casino & Resort's CEO?

10 employees have rated Monarch Casino & Resort CEO John Farahi on Glassdoor.com. John Farahi has an approval rating of 8% among Monarch Casino & Resort's employees. This puts John Farahi in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Monarch Casino & Resort's key competitors?

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 Group (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 number of institutional and retail investors. Top institutional investors include New York State Teachers Retirement System (0.18%), State of Alaska Department of Revenue (0.05%) and Oregon Public Employees Retirement Fund (0.03%).
View institutional ownership trends for Monarch Casino & Resort
.

Which institutional investors are selling Monarch Casino & Resort stock?

MCRI stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and New York State Teachers Retirement System.
View insider buying and selling activity for Monarch Casino & Resort
or view top insider-selling stocks.

Which institutional investors are buying Monarch Casino & Resort stock?

MCRI stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Monarch Casino & Resort
or or view top insider-buying stocks.

How do I buy shares of Monarch Casino & Resort?

Shares of MCRI 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 $66.83.

How much money does Monarch Casino & Resort make?

Monarch Casino & Resort has a market capitalization of $1.23 billion and generates $249.17 million in revenue each year. The company earns $31.82 million in net income (profit) each year or $1.94 on an earnings per share basis.

How many employees does Monarch Casino & Resort have?

Monarch Casino & Resort employs 2,300 workers across the globe.

What is Monarch Casino & Resort's official website?

The official website for Monarch Casino & Resort is www.monarchcasino.com.

Where are Monarch Casino & Resort's headquarters?

Monarch Casino & Resort is headquartered at 3800 S VIRGINIA STREET, RENO NV, 89502.

How can I contact Monarch Casino & Resort?

Monarch Casino & Resort's mailing address is 3800 S VIRGINIA STREET, RENO NV, 89502. The company can be reached via phone at 775-335-4600.


This page was last updated on 4/23/2021 by MarketBeat.com Staff
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