Monarch Casino & Resort (MCRI) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Monarch Casino & Resort in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MCRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MCRI, but not buy additional shares or sell existing shares.
View MCRI analyst ratings or view top-rated stocks.

3 equities research analysts have issued 12-month price objectives for Monarch Casino & Resort's shares. Their MCRI share price targets range from $70.00 to $76.00. On average, they predict the company's stock price to reach $73.33 in the next twelve months. This suggests a possible upside of 10.2% 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 $69.15 on January 1st, 2024. Since then, MCRI shares have decreased by 3.8% and is now trading at $66.54.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our MCRI earnings forecast.

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) released its quarterly earnings data on Wednesday, February, 14th. The company reported $0.93 EPS for the quarter, missing the consensus estimate of $1.04 by $0.11. The firm had revenue of $128.19 million for the quarter, compared to analyst estimates of $119.33 million. Monarch Casino & Resort had a trailing twelve-month return on equity of 17.41% and a net margin of 16.44%.

Monarch Casino & Resort (NASDAQ:MCRI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 1.70%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MCRI will have a dividend payout ratio of 25.59% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MCRI.

ETFs with the largest weight of Monarch Casino & Resort (NASDAQ:MCRI) stock in their portfolio include B.A.D. Etf (BAD), AdvisorShares Hotel ETF (BEDZ), Roundhill Acquirers Deep Value ETF (DEEP), First Trust SMID Cap Rising Dividend Archievers ETF (SDVY), Invesco S&P SmallCap Low Volatility ETF (XSLV) and Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG).First Trust Small Cap US Equity Select ETF (RNSC).

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's stock is owned by many different institutional and retail investors. Top institutional shareholders include Tributary Capital Management LLC (1.46%), Annex Advisory Services LLC (0.07%) and Diversified Trust Co (0.01%). Insiders that own company stock include Bob Farahi and David-Jacques Farahi.
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Shares of MCRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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