Stifel Nicolaus Forecasts Strong Price Appreciation for Monarch Casino & Resort (NASDAQ:MCRI) Stock

Monarch Casino & Resort (NASDAQ:MCRI) had its price objective increased by research analysts at Stifel Nicolaus from $97.00 to $102.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 12.56% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Wells Fargo & Company increased their price objective on Monarch Casino & Resort from $93.00 to $97.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 16th. Truist Financial increased their price objective on Monarch Casino & Resort from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Research cut Monarch Casino & Resort from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Jefferies Financial Group reiterated a “hold” rating and issued a $112.00 price objective on shares of Monarch Casino & Resort in a research report on Wednesday, December 24th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Monarch Casino & Resort in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $109.50.

Monarch Casino & Resort Stock Performance

NASDAQ:MCRI opened at $116.65 on Wednesday. The stock has a fifty day moving average price of $97.95 and a two-hundred day moving average price of $95.97. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 19.77 and a beta of 1.30. Monarch Casino & Resort has a 1 year low of $76.00 and a 1 year high of $118.00.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings data on Tuesday, April 21st. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.37. The firm had revenue of $136.55 million during the quarter, compared to analysts’ expectations of $128.49 million. Monarch Casino & Resort had a return on equity of 19.98% and a net margin of 19.62%.The company’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Monarch Casino & Resort will post 5.95 EPS for the current year.

Insider Transactions at Monarch Casino & Resort

In related news, CEO John Farahi sold 2,000 shares of Monarch Casino & Resort stock in a transaction on Monday, March 16th. The stock was sold at an average price of $99.00, for a total transaction of $198,000.00. Following the completion of the transaction, the chief executive officer directly owned 536,304 shares of the company’s stock, valued at approximately $53,094,096. The trade was a 0.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 25.52% of the company’s stock.

Hedge Funds Weigh In On Monarch Casino & Resort

Several hedge funds and other institutional investors have recently bought and sold shares of MCRI. Tributary Capital Management LLC raised its holdings in Monarch Casino & Resort by 57.8% during the third quarter. Tributary Capital Management LLC now owns 389,306 shares of the company’s stock worth $41,204,000 after purchasing an additional 142,621 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in Monarch Casino & Resort by 77.1% during the third quarter. Qube Research & Technologies Ltd now owns 188,498 shares of the company’s stock worth $19,951,000 after purchasing an additional 82,035 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in Monarch Casino & Resort during the fourth quarter worth $7,244,000. Arrowstreet Capital Limited Partnership lifted its stake in Monarch Casino & Resort by 64.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 178,976 shares of the company’s stock valued at $18,943,000 after buying an additional 70,185 shares in the last quarter. Finally, Clark Capital Management Group Inc. purchased a new stake in Monarch Casino & Resort in the 3rd quarter valued at approximately $6,192,000. 62.37% of the stock is owned by institutional investors and hedge funds.

More Monarch Casino & Resort News

Here are the key news stories impacting Monarch Casino & Resort this week:

• Positive Sentiment: Truist raised its price target to $125 and maintained a “buy” rating, implying ~7% upside from the current price — this is a clear positive endorsement from a sell-side firm. Truist Upgrade
• Positive Sentiment: Monarch reported record Q1 results (April 21) with revenue and EPS beats and indicated stronger shareholder returns — the fundamental beat is the primary driver supporting the stock move. Record Q1 Results
• Positive Sentiment: The board declared a quarterly cash dividend of $0.30 per share (record date June 1; pay date June 15), representing an annualized yield of about 1.1% — supports income-focused demand and signals confidence in cash flow.
• Negative Sentiment: Wells Fargo raised its target slightly to $99 but kept an “equal weight” rating; that target sits well below the current market price and signals limited upside from their view. Wells Fargo Note
• Negative Sentiment: Stifel raised its target to $102 and kept a “hold” rating — similarly, their target implies downside versus today’s price, which moderates enthusiasm despite the raise. Stifel Note TickerReport

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.