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

Company Overview

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.

Key Stats

• Today's Range: $82.79 to $83.86
• 50-Day Range: $73.64 to $83.54
• 52-Week Range: $62.03 to $84.43
• Volume: 69,109 shs
• Average Volume: 84,045 shs
• Market Capitalization: $1.53 billion
• P/E Ratio: 18.40
• Dividend Yield: 1.44%
• Price Target: $78.33
• Consensus Rating: Hold

Monarch Casino & Resort Stock Analysis - MarketRank™

Monarch Casino & Resort scored higher than 76% of companies evaluated by MarketBeat, and ranked 106th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Monarch Casino & Resort has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Monarch Casino & Resort has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 4.45%

Earnings Growth

Earnings for Monarch Casino & Resort are expected to grow by 4.45% in the coming year, from $4.72 to $4.93 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Monarch Casino & Resort is 18.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.54.

Price to Earnings Ratio vs. Sector

The P/E ratio of Monarch Casino & Resort is 18.40, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 14.92.

Price to Book Value per Share Ratio

Monarch Casino & Resort has a P/B Ratio of 2.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.24% of the float of Monarch Casino & Resort has been sold short.

Short Interest Ratio / Days to Cover

Monarch Casino & Resort has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Monarch Casino & Resort has recently decreased by 11.20%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Monarch Casino & Resort pays a meaningful dividend of 1.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Monarch Casino & Resort does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Monarch Casino & Resort is 26.55%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Monarch Casino & Resort will have a dividend payout ratio of 24.34% next year. This indicates that Monarch Casino & Resort will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.7 / 5
• Environmental Score: -2.80

Percentage of Shares Shorted

1.24% of the float of Monarch Casino & Resort has been sold short.

Short Interest Ratio / Days to Cover

Monarch Casino & Resort has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Monarch Casino & Resort has recently decreased by 11.20%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.32

News Sentiment

Monarch Casino & Resort has a news sentiment score of 1.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.63 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Monarch Casino & Resort this week, compared to 2 articles on an average week.

Search Interest

2 people have searched for MCRI on MarketBeat in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Monarch Casino & Resort insiders have not sold or bought any company stock.

Percentage Held by Insiders

24.94% of the stock of Monarch Casino & Resort is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

62.37% of the stock of Monarch Casino & Resort is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MCRI Stock Analysis - Frequently Asked Questions

How have MCRI shares performed this year?

Monarch Casino & Resort's stock was trading at $69.15 at the start of the year. Since then, MCRI shares have increased by 20.3% and is now trading at $83.18.
View the best growth stocks for 2024 here.

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

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) released its earnings results on Wednesday, October, 23rd. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.10. The company had revenue of $137.87 million for the quarter, compared to analyst estimates of $134.50 million. Monarch Casino & Resort had a trailing twelve-month return on equity of 17.06% and a net margin of 16.82%.

Who are Monarch Casino & Resort's major shareholders?

Top institutional investors of Monarch Casino & Resort include State Street Corp (2.73%), Janus Henderson Group PLC (2.11%), Tributary Capital Management LLC (1.47%) and Wellington Management Group LLP (1.19%). Insiders that own company stock include Bob Farahi and John Farahi.
View institutional ownership trends.

How do I buy shares of Monarch Casino & Resort?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Monarch Casino & Resort own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Monarch Casino & Resort investors own include NVIDIA (NVDA), Tesla (TSLA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Advanced Micro Devices (AMD), Netflix (NFLX) and Visa (V).

Company Calendar

• Ex-Dividend for 9/15 Dividend: 8/30/2024
• Dividend Payable: 9/15/2024
• Last Earnings: 10/23/2024
• Today: 11/17/2024
• Ex-Dividend for 12/15 Dividend: 11/29/2024
• Dividend Payable: 12/15/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Hotels & motels
• Sub-Industry: Casinos & Gaming
• Current Symbol: NASDAQ:MCRI
• CUSIP: 60902710
• CIK: 907242
• Web: www.monarchcasino.com
• Phone: (775) 335-4600
• Fax: 775-332-9171
• Employees: 2,900
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $78.33
• High Stock Price Target: $82.00
• Low Stock Price Target: $76.00
• Potential Upside/Downside: -5.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.52
• Trailing P/E Ratio: 18.40
• Forward P/E Ratio: 17.62
• P/E Growth: N/A
• Net Income: $82.45 million
• Net Margins: 16.82%
• Pretax Margin: 22.05%
• Return on Equity: 17.06%
• Return on Assets: 12.85%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.57
• Quick Ratio: 0.51

Sales & Book Value

• Annual Sales: $515.86 million
• Price / Sales: 2.97
• Cash Flow: $6.95 per share
• Price / Cash Flow: 11.96
• Book Value: $27.91 per share
• Price / Book: 2.98

Miscellaneous

• Outstanding Shares: 18,389,000
• Free Float: 13,803,000
• Market Cap: $1.53 billion
• Optionable: Optionable
• Beta: 1.73