Monarch Casino & Resort (MCRI)

• Market cap: $1.56B
• 1 day: -0.43%
• 5 days: -0.48%
• 1 month: 9.16%
• 3 months: 11.88%
• 6 months: 23.05%
• Year to date: 21.13%
• 1 year: 30.13%
• 5 years: 91.53%
• 10 years: 387.86%
• 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)

85% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 20

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 (+$99.8M) [Q3]

10% more funds holding

Funds holding: 175 [Q2] → 192 (+17) [Q3]

2.21% less ownership

Funds ownership: 63.51% [Q2] → 61.3% (-2.21%) [Q3]

24% less repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 72

Research analyst outlook

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

• Low target: $77 7% downside
• Avg. target: $80 4% downside
• High target: $82 1% downside

2 analyst ratings

• positive: 0 0%
• neutral: 2 100%
• negative: 0 0%

Stifel Jeffrey Stantial 65% 1-year accuracy 15 / 23 met price target	7% downside $77	Hold Maintained	24 Oct 2024
Truist Securities Barry Jonas 61% 1-year accuracy 22 / 36 met price target	1% downside $82	Hold Maintained	23 Oct 2024