Weekly Investment Analysts’ Ratings Changes for Monarch Casino & Resort (MCRI)

Monarch Casino & Resort (NASDAQ: MCRI) recently received a number of ratings updates from brokerages and research firms:

• 2/12/2025 – Monarch Casino & Resort had its price target raised by analysts at Wells Fargo & Company from $79.00 to $82.00. They now have an “underweight” rating on the stock.
• 2/12/2025 – Monarch Casino & Resort had its price target raised by analysts at Stifel Nicolaus from $80.00 to $90.00. They now have a “hold” rating on the stock.
• 2/12/2025 – Monarch Casino & Resort was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 2/4/2025 – Monarch Casino & Resort was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 1/22/2025 – Monarch Casino & Resort was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 1/14/2025 – Monarch Casino & Resort was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $100.00 price target on the stock, up previously from $82.00.
• 1/9/2025 – Monarch Casino & Resort was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 1/3/2025 – Monarch Casino & Resort had its price target raised by analysts at Jefferies Financial Group Inc. from $73.00 to $88.00. They now have a “hold” rating on the stock.

Monarch Casino & Resort Price Performance

Monarch Casino & Resort stock opened at $92.59 on Friday. Monarch Casino & Resort, Inc. has a 1-year low of $64.50 and a 1-year high of $96.11. The stock has a market cap of $1.70 billion, a PE ratio of 18.71 and a beta of 1.74. The stock’s fifty day moving average is $83.56 and its two-hundred day moving average is $80.16.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.23. Monarch Casino & Resort had a return on equity of 18.27% and a net margin of 18.01%. During the same period in the previous year, the firm earned $1.03 EPS. On average, research analysts expect that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current fiscal year.

Insider Transactions at Monarch Casino & Resort

In other news, CEO John Farahi sold 1,000 shares of Monarch Casino & Resort stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $77.70, for a total transaction of $77,700.00. Following the sale, the chief executive officer now owns 528,436 shares in the company, valued at approximately $41,059,477.20. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 24.94% of the company’s stock.

Institutional Trading of Monarch Casino & Resort

Hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Monarch Casino & Resort during the third quarter worth about $258,000. Barclays PLC grew its holdings in shares of Monarch Casino & Resort by 108.2% during the third quarter. Barclays PLC now owns 33,508 shares of the company’s stock worth $2,656,000 after buying an additional 17,413 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Monarch Casino & Resort by 3.9% during the third quarter. Wellington Management Group LLP now owns 219,625 shares of the company’s stock worth $17,410,000 after buying an additional 8,283 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of Monarch Casino & Resort during the fourth quarter worth about $254,000. Finally, Versor Investments LP purchased a new position in shares of Monarch Casino & Resort during the third quarter worth about $230,000. Institutional investors and hedge funds own 62.37% of the company’s stock.

Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.