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Monarch Casino & Resort, Inc. (MCRI)

NASDAQ: MCRI · Delayed Price · USD
66.41 2.16 (3.36%)
Sep 17, 2021 4:00 PM EDT - Market closed
Market Cap1.24B
Revenue (ttm)290.93M
Net Income (ttm)52.31M
Shares Out18.60M
EPS (ttm)2.69
PE Ratio24.73
Forward PE29.50
Dividendn/a
Ex-Dividend Daten/a
Volume203,889
Open64.60
Previous Close64.25
Day's Range64.26 - 67.19
52-Week Range40.19 - 76.00
Beta1.77
AnalystsStrong Buy
Price Target82.50 (+24.2%)
Est. Earnings DateOct 27, 2021

About MCRI

Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. As of February 24, 2021, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms and suites; 8 food outlets; 2 gourmet coffee and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gif...

IndustryHotels, Restaurants & Leisure
IPO DateAug 6, 1993
CEOJohn Farahi
Employees2,300
Stock ExchangeNASDAQ
Ticker SymbolMCRI
Full Company Profile

Financial Performance

In 2020, MCRI's revenue was $184.41 million, a decrease of -25.99% compared to the previous year's $249.17 million. Earnings were $23.68 million, a decrease of -25.58%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for MCRI stock is "Strong Buy." The 12-month stock price forecast is 82.50, which is an increase of 24.23% from the latest price.

Price Target
$82.50
(24.23% upside)
Analyst Consensus: Strong Buy

News

Best Hospitality Stocks

Here are the hospitality companies that could be winners for your portfolio.

Other symbols:CHHCNTYHLTTXRH
1 week ago - The Motley Fool

Monarch Casino & Resort Announces Management Changes

Chief Operating Officer David Farahi Leaving the Company to Pursue Business Interests Outside the Gaming and Hospitality Industry

3 weeks ago - GlobeNewsWire

Why Pushing a Few Chips Onto Monarch Casino & Resort Could Be Risky Short-Term, Profitable Long-Term

Despite some good results, there's one key metric potentially spelling trouble for Monarch.

1 month ago - The Motley Fool

Monarch Casino (MCRI) Q2 Earnings and Revenues Top Estimates

Monarch Casino (MCRI) delivered earnings and revenue surprises of 32.86% and 23.02%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Monarch Casino & Resort: Q2 Earnings Insights

Shares of Monarch Casino & Resort (NASDAQ:MCRI) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share were up 487.50% over the past year to $0.93,...

1 month ago - Benzinga

Monarch Casino & Resort Reports Record 2021 Second Quarter Financial Results

RENO, Nev., July 28, 2021 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported record operating results for the second quarter ended June 30, 2021...

1 month ago - GlobeNewsWire

Monarch Casino (MCRI) to Report Q2 Results: Wall Street Expects Earnings Growth

Monarch Casino (MCRI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Monarch Casino (MCRI) Stock Jumps 5.5%: Will It Continue to Soar?

Monarch Casino (MCRI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more streng...

2 months ago - Zacks Investment Research

4 Hospitality Stocks With a High Quality Rank in June

As investors look forward to the summer travel season, four resort and casino stocks that have a high GuruFocus Quality Rank are Choice Hotels International Inc. ( CHH , Financial), GreenTree Hospitalit...

Other symbols:CHHGHGMTN
3 months ago - GuruFocus

Monarch Casino (MCRI) Q1 Earnings and Revenues Surpass Estimates

Monarch Casino (MCRI) delivered earnings and revenue surprises of 2.44% and 19.94%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Monarch Casino & Resort Reports Record Financial Results For 2021 First Quarter

RENO, Nev., April 28, 2021 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the first quarter ended March 31, 2021, as s...

4 months ago - GlobeNewsWire

Monarch Casino & Resort: Q4 Earnings Insights

Shares of Monarch Casino & Resort (NASDAQ:MCRI) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 100.00% year over year to $0.80,...

6 months ago - Benzinga

Monarch Casino & Resort Reports Fourth Quarter 2020 Net Revenue of $58.4 Million, Net Income of $15.3 Million and Adj...

RENO, Nev., Feb. 24, 2021 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter and full year ended Decemb...

6 months ago - GlobeNewsWire

3 Gaming Stocks Poised to Beat Coronavirus Woes

The Zacks Gaming industry continues to bear the brunt of low visitation, and dismal Macau and Las Vegas gaming revenues. The industry participants are not only witnessing soft revenues but also decline ...

Other symbols:GDENRRR
8 months ago - Zacks Investment Research

Monarch Casino & Resort: A Lock Demographic Play For Any Gaming Portfolio Now

We have guided bullish on MCRI for over 4 years beginning with our SA call on November 22, 2016 when the stock was $24. In five follow-up articles since, we've guided strong BUY as stock has moved to $5...

8 months ago - Seeking Alpha

US Congress Agrees on New Stimulus: 7 Top-Ranked Stocks

We have narrowed down our search to seven reopening stocks with strong growth potential for 2021. These are CROX, WHR, VSTO, KTB, MCRI, GOLF, YETI.

8 months ago - Zacks Investment Research

5 Stocks With Recent Price Strength as Indexes Hit Record High

Investors target stocks that are witnessing a bullish run. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.

Other symbols:INMDNPOPIPR
8 months ago - Zacks Investment Research

Why Casino Stocks Are Trading Higher Today

Casino stocks are trading higher on Monday as vaccine optimism boosts casino and hotel stocks despite near-term COVID-19 concerns. The strength is potentially related to reopening hopes amid the U.S. CO...

Other symbols:BYDCZRRRR
9 months ago - Benzinga

4 Stocks Promising Stellar Returns as Analysts Initiate Coverage

Increased analyst coverage over the last few weeks might lead to solid price appreciation for stocks like ODP (ODP), CAI International (CAI), Triton (TRTN) and Monarch (MCRI).

Other symbols:CAIODPTRTN
9 months ago - Zacks Investment Research

Top Casino Stocks for Q1 2021

These are the casino stocks with the best value, growth, and most momentum for Q1 2021.

Other symbols:BALYBYDHGVMGMPENN
9 months ago - Investopedia

Monarch Casino Resort Spa Applauds the Black Hawk City Council for Removing the $100 Limit on Single Bets and Approvi...

BLACK HAWK, Colo., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) (“Monarch” or “the Company”) today expressed their gratitude to the voters of Black Hawk and the Black H...

9 months ago - GlobeNewsWire

Why Casino Stocks Are Trading Higher Today

The global pandemic has been devastating to casino stocks in 2020 but optimism surrounding a COVID-19 vaccine has lifted a number of casino stocks on Tuesday. MGM Resorts International (NYSE: MGM) is th...

Other symbols:CZRMGMWYNNBYDLVSRRR
9 months ago - Benzinga

Top Ranked Momentum Stocks to Buy for November 27th

Top Ranked Momentum Stocks to Buy for November 27th

Other symbols:FICOSTRTTHRM
9 months ago - Zacks Investment Research

Phase I of Monarch Casino Resort Spa Black Hawk Expansion to Debut November 19

BLACK HAWK, Colo., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) (“Monarch” or “the Company”) announced today that it has received a Temporary Certificate of Occupancy (...

10 months ago - GlobeNewsWire

Monarch Casino (MCRI) Tops Q3 Earnings and Revenue Estimates

Monarch Casino (MCRI) delivered earnings and revenue surprises of 137.50% and 28.61%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research