Monarch Casino & ResortMCRI
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)
118% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 17
25% more call options, than puts
Call options by funds: $119K | Put options by funds: $95K
12% more capital invested
Capital invested by funds: $870M [Q2] → $978M (+$108M) [Q3]
11% more funds holding
Funds holding: 175 [Q2] → 194 (+19) [Q3]
2.29% less ownership
Funds ownership: 68.14% [Q2] → 65.85% (-2.29%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 72
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Jefferies David Katz 61% 1-year accuracy 11 / 18 met price target | 14%upside $88 | Hold Maintained | 3 Jan 2025 |
Wells Fargo Zachary Silverberg 50% 1-year accuracy 1 / 2 met price target | 2%upside $79 | Underweight Initiated | 16 Dec 2024 |
Stifel Jeffrey Stantial 40% 1-year accuracy 10 / 25 met price target | 0%downside $77 | Hold Maintained | 24 Oct 2024 |
Truist Securities Barry Jonas 58% 1-year accuracy 19 / 33 met price target | 6%upside $82 | Hold Maintained | 23 Oct 2024 |