Monarch Casino & Resort (MCRI) to Release Earnings on Tuesday

Monarch Casino & Resort (NASDAQ:MCRI) is expected to be releasing its earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $1.13 per share and revenue of $128.63 million for the quarter.

Monarch Casino & Resort Trading Down 1.0 %

NASDAQ MCRI opened at $85.91 on Monday. The stock has a market cap 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 company’s 50-day moving average price is $82.61 and its 200-day moving average price is $79.27.

Wall Street Analyst Weigh In

MCRI has been the topic of a number of research analyst reports. Stifel Nicolaus upped their target price on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, October 24th. Jefferies Financial Group increased their price objective on Monarch Casino & Resort from $73.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, January 3rd. Truist Financial raised Monarch Casino & Resort from a “hold” rating to a “buy” rating and lifted their target price for the company from $82.00 to $100.00 in a research report on Tuesday, January 14th. Wells Fargo & Company began coverage on Monarch Casino & Resort in a research report on Monday, December 16th. They set an “underweight” rating and a $79.00 price target on the stock. Finally, StockNews.com downgraded Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $84.00.

Insider Activity

In other Monarch Casino & Resort news, CEO John Farahi sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $77.70, for a total value of $77,700.00. Following the completion of the sale, the chief executive officer now directly owns 528,436 shares in the company, valued at $41,059,477.20. This trade represents a 0.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 24.94% of the company’s stock.

About Monarch Casino & Resort

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.