Monarch Casino & Resort (NASDAQ:MCRI - Get Free Report) is expected to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Monarch Casino & Resort to post earnings of $1.13 per share and revenue of $128.63 million for the quarter.
Monarch Casino & Resort Stock Down 1.0 %
NASDAQ MCRI traded down $0.87 on Friday, reaching $85.91. The company had a trading volume of 97,982 shares, compared to its average volume of 76,687. The stock has a market capitalization of $1.58 billion, a PE ratio of 19.01 and a beta of 1.74. Monarch Casino & Resort has a 12 month low of $64.50 and a 12 month high of $89.06. The firm's 50 day moving average price is $82.61 and its 200 day moving average price is $79.20.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the company. Jefferies Financial Group boosted their target price on Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a "hold" rating in a research report on Friday, January 3rd. Stifel Nicolaus raised their target price on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Wells Fargo & Company initiated coverage on shares of Monarch Casino & Resort in a research note on Monday, December 16th. They set an "underweight" rating and a $79.00 price target on the stock. Truist Financial raised shares of Monarch Casino & Resort from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $82.00 to $100.00 in a research note on Tuesday, January 14th. Finally, StockNews.com cut shares of Monarch Casino & Resort from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $84.00.
Read Our Latest Stock Report on Monarch Casino & Resort
Insiders Place Their Bets
In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $77.70, for a total transaction of $77,700.00. Following the completion of the transaction, the chief executive officer now owns 528,436 shares in the company, valued at $41,059,477.20. The trade was a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 24.94% of the stock is owned by insiders.
Monarch Casino & Resort Company Profile
(
Get Free Report)
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.
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