Monarch Casino & Resort, Inc. (NASDAQ:MCRI) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $51.75.

Several research analysts have recently weighed in on the company. BidaskClub raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research cut Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. ValuEngine raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Jefferies Group assumed coverage on Monarch Casino & Resort in a research report on Thursday, January 18th. They set an “underperform” rating and a $39.00 price objective for the company.

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In related news, CEO John Farahi sold 14,519 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $46.27, for a total transaction of $671,794.13. Following the completion of the transaction, the chief executive officer now directly owns 1,763,340 shares of the company’s stock, valued at $81,589,741.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig F. Sullivan sold 3,000 shares of the stock in a transaction that occurred on Saturday, October 27th. The shares were sold at an average price of $43.75, for a total value of $131,250.00. The disclosure for this sale can be found here. Insiders have sold 22,942 shares of company stock valued at $979,687 over the last ninety days. 27.56% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MetLife Investment Advisors LLC acquired a new position in Monarch Casino & Resort during the fourth quarter valued at approximately $236,000. Lyon Street Capital LLC acquired a new stake in shares of Monarch Casino & Resort in the fourth quarter valued at approximately $803,000. Macquarie Group Ltd. lifted its position in shares of Monarch Casino & Resort by 80.0% in the fourth quarter. Macquarie Group Ltd. now owns 7,806 shares of the company’s stock valued at $350,000 after buying an additional 3,470 shares during the last quarter. Millennium Management LLC lifted its position in shares of Monarch Casino & Resort by 232.8% in the fourth quarter. Millennium Management LLC now owns 116,937 shares of the company’s stock valued at $5,241,000 after buying an additional 81,798 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of Monarch Casino & Resort by 22.8% in the fourth quarter. TIAA CREF Investment Management LLC now owns 70,403 shares of the company’s stock valued at $3,155,000 after buying an additional 13,094 shares during the last quarter. 60.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Monarch Casino & Resort stock traded up $0.51 during trading hours on Thursday, hitting $42.99. The company’s stock had a trading volume of 7,919 shares, compared to its average volume of 70,469. Monarch Casino & Resort has a 12 month low of $28.47 and a 12 month high of $47.92. The company has a market capitalization of $730.20, a P/E ratio of 28.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.08.

Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.10). Monarch Casino & Resort had a return on equity of 10.65% and a net margin of 11.07%. The business had revenue of $56.06 million during the quarter, compared to the consensus estimate of $57.95 million. equities analysts anticipate that Monarch Casino & Resort will post 1.84 EPS for the current fiscal year.

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Monarch Casino & Resort Company Profile

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 Black Hawk in Black Hawk, Colorado. As of March 5, 2018, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.

Analyst Recommendations for Monarch Casino & Resort (NASDAQ:MCRI)

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