Monarch Casino & Resort (MCRI)

• Market cap: $1.44B
• 1 day: -1.05%
• 5 days: -8.10%
• 1 month: -6.14%
• 3 months: 2.65%
• 6 months: 15.05%
• Year to date: 13.99%
• 1 year: 15.17%
• 5 years: 61.44%
• 10 years: 387.73%
• Sector: Consumer Discretionary
• Industry: Hotels & Motels

About: Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.

Employees: 2,900

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

106% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 18

25% more call options, than puts

Call options by funds: $119K | Put options by funds: $95K

12% more capital invested

Capital invested by funds: $811M [Q2] → $911M (+$100M) [Q3]

11% more funds holding

Funds holding: 175 [Q2] → 194 (+19) [Q3]

2.18% less ownership

Funds ownership: 63.51% [Q2] → 61.34% (-2.18%) [Q3]

24% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 72

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $77 2% downside
• Avg. target: $79 1% upside
• High target: $82 5% upside

3 analyst ratings

• positive: 0 0%
• neutral: 2 67%
• negative: 1 33%

Wells Fargo Zachary Silverberg 50% 1-year accuracy 1 / 2 met price target	1% upside $79	Underweight Initiated	16 Dec 2024
Stifel Jeffrey Stantial 54% 1-year accuracy 13 / 24 met price target	2% downside $77	Hold Maintained	24 Oct 2024
Truist Securities Barry Jonas 58% 1-year accuracy 19 / 33 met price target	5% upside $82	Hold Maintained	23 Oct 2024