Monarch Casino & Resort (NASDAQ:MCRI) Releases Quarterly Earnings Results, Beats Estimates By $0.37 EPS

Monarch Casino & Resort (NASDAQ:MCRI) released its earnings results on Tuesday. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.37, Zacks reports. The firm had revenue of $136.55 million for the quarter, compared to the consensus estimate of $128.49 million. Monarch Casino & Resort had a return on equity of 20.02% and a net margin of 19.62%.The business’s quarterly revenue was up 8.9% on a year-over-year basis.

Monarch Casino & Resort Price Performance

Shares of NASDAQ MCRI opened at $114.24 on Thursday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 19.36 and a beta of 1.30. Monarch Casino & Resort has a 1-year low of $76.00 and a 1-year high of $114.27. The business has a fifty day moving average price of $97.49 and a 200 day moving average price of $95.82.

Monarch Casino & Resort Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Monday, June 1st. Monarch Casino & Resort’s dividend payout ratio is 22.10%.

Key Headlines Impacting Monarch Casino & Resort

Here are the key news stories impacting Monarch Casino & Resort this week:

• Positive Sentiment: Monarch reported record Q1 results: revenue $136.55M (+8.9% YoY), net income $27.6M (+38.9% YoY), adjusted EBITDA $48.95M (+19%), and diluted EPS $1.52 (beat consensus $1.15). The report highlights margin strength and accelerating profitability, a key driver for investor buying. View Press Release
• Positive Sentiment: Management boosted shareholder returns by declaring a quarterly dividend of $0.30/share (annualized yield ~1.1%), with record date June 1 and pay date June 15 — a sign of confidence in cash flow that supports investor demand. (Company announcement)
• Positive Sentiment: Truist raised its price target to $125 and kept a “buy” rating, representing ~9% upside to the current price — a bullish analyst signal that may attract momentum buyers. Benzinga
• Negative Sentiment: Wells Fargo raised its target slightly to $99 but kept an “equal weight” rating; that PT implies ~13% downside from the current price and suggests limited near-term upside for the stock. Benzinga
• Negative Sentiment: Stifel raised its PT to $102 with a “hold” rating, still implying roughly 11% downside — another conservative broker view that could cap gains despite the strong quarter. TickerReport

Analyst Upgrades and Downgrades

MCRI has been the subject of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Monarch Casino & Resort in a report on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $112.00 price objective on shares of Monarch Casino & Resort in a report on Wednesday, December 24th. Stifel Nicolaus boosted their price objective on Monarch Casino & Resort from $97.00 to $102.00 and gave the company a “hold” rating in a report on Wednesday. Wells Fargo & Company boosted their price objective on Monarch Casino & Resort from $97.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Zacks Research cut Monarch Casino & Resort from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Monarch Casino & Resort has a consensus rating of “Hold” and a consensus target price of $109.50.

Insider Buying and Selling at Monarch Casino & Resort

In related news, CEO John Farahi sold 2,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $99.00, for a total transaction of $198,000.00. Following the completion of the sale, the chief executive officer directly owned 536,304 shares in the company, valued at $53,094,096. This represents a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 25.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On Monarch Casino & Resort

A number of hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its stake in shares of Monarch Casino & Resort by 38.2% during the 4th quarter. Invesco Ltd. now owns 194,371 shares of the company’s stock worth $18,601,000 after purchasing an additional 53,745 shares during the last quarter. Vident Advisory LLC increased its position in Monarch Casino & Resort by 0.7% during the 4th quarter. Vident Advisory LLC now owns 30,535 shares of the company’s stock valued at $2,922,000 after buying an additional 218 shares in the last quarter. State of Tennessee Department of Treasury increased its position in Monarch Casino & Resort by 65.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 10,460 shares of the company’s stock valued at $957,000 after buying an additional 4,124 shares in the last quarter. Voloridge Investment Management LLC increased its position in Monarch Casino & Resort by 60.2% during the 4th quarter. Voloridge Investment Management LLC now owns 18,737 shares of the company’s stock valued at $1,793,000 after buying an additional 7,038 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its position in Monarch Casino & Resort by 4.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 71,942 shares of the company’s stock valued at $6,885,000 after buying an additional 3,167 shares in the last quarter. 62.37% of the stock is currently owned by hedge funds and other institutional investors.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.