Monarch Casino & Resort (MCRI) Projected to Post Quarterly Earnings on Tuesday

Monarch Casino & Resort (NASDAQ:MCRI) is anticipated to release its earnings data 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 %

Shares of Monarch Casino & Resort stock opened at $85.91 on Monday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.01 and a beta of 1.74. The stock’s 50-day simple moving average is $82.61 and its 200-day simple moving average is $79.27. Monarch Casino & Resort has a 52 week low of $64.50 and a 52 week high of $89.06.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Monarch Casino & Resort

In other news, CEO John Farahi sold 1,000 shares of the firm’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 value of $77,700.00. Following the completion of the sale, the chief executive officer now directly owns 528,436 shares of the company’s stock, valued at $41,059,477.20. This trade represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.94% of the stock is owned by company insiders.

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.