BidaskClub lowered shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) from a hold rating to a sell rating in a report issued on Saturday morning.

Several other research firms have also commented on MCRI. Zacks Investment Research lowered Monarch Casino & Resort from a hold rating to a sell rating in a research note on Friday, April 28th. Stifel Nicolaus upped their price objective on Monarch Casino & Resort from $27.00 to $29.00 and gave the stock a hold rating in a research note on Friday, April 28th. Imperial Capital upped their price objective on Monarch Casino & Resort from $35.00 to $38.00 and gave the stock an outperform rating in a research note on Thursday, July 27th. Finally, Deutsche Bank AG upped their price objective on Monarch Casino & Resort from $95.00 to $97.00 and gave the stock a buy rating in a research note on Monday, May 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $46.60.

Monarch Casino & Resort (NASDAQ MCRI) opened at 33.87 on Friday. The stock has a 50 day moving average price of $30.82 and a 200-day moving average price of $28.64. Monarch Casino & Resort has a 12-month low of $21.13 and a 12-month high of $34.59. The company has a market capitalization of $594.59 million, a price-to-earnings ratio of 22.93 and a beta of 1.06.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.37 by $0.03. The firm had revenue of $58.23 million during the quarter, compared to analyst estimates of $58 million. Monarch Casino & Resort had a return on equity of 11.16% and a net margin of 11.77%. Equities analysts predict that Monarch Casino & Resort will post $1.51 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Park West Asset Management LLC increased its position in shares of Monarch Casino & Resort by 101.2% in the first quarter. Park West Asset Management LLC now owns 905,248 shares of the company’s stock valued at $26,741,000 after buying an additional 455,248 shares in the last quarter. Lafitte Capital Management LP increased its position in shares of Monarch Casino & Resort by 14.4% in the first quarter. Lafitte Capital Management LP now owns 793,008 shares of the company’s stock valued at $23,425,000 after buying an additional 99,839 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Monarch Casino & Resort by 3.0% in the first quarter. Wellington Management Group LLP now owns 726,961 shares of the company’s stock valued at $21,474,000 after buying an additional 21,394 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Monarch Casino & Resort by 10.4% in the first quarter. Vanguard Group Inc. now owns 580,692 shares of the company’s stock valued at $17,153,000 after buying an additional 54,762 shares in the last quarter. Finally, State Street Corp increased its position in shares of Monarch Casino & Resort by 10.4% in the fourth quarter. State Street Corp now owns 265,108 shares of the company’s stock valued at $6,838,000 after buying an additional 24,905 shares in the last quarter. Hedge funds and other institutional investors own 56.79% of the company’s stock.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

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