Monarch Casino & ResortMCRI
MCRI
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
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
131,263% more call options, than puts
Call options by funds: $10.5M | Put options by funds: $8K
74% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 23
10% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 67
8% more funds holding
Funds holding: 194 [Q3] → 209 (+15) [Q4]
4% less capital invested
Capital invested by funds: $978M [Q3] → $934M (-$43.8M) [Q4]
2.64% less ownership
Funds ownership: 65.84% [Q3] → 63.21% (-2.64%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$82
4%
upside
Avg. target
$90
14%
upside
High target
$100
27%
upside
4 analyst ratings
1 positive
25%
2 neutral
50%
1 negative
25%
Wells Fargo Zachary Silverberg 67% 1-year accuracy 2 / 3 met price target | 4%upside $82 | Underweight Maintained | 12 Feb 2025 |
Stifel Jeffrey Stantial 22% 1-year accuracy 5 / 23 met price target | 14%upside $90 | Hold Maintained | 12 Feb 2025 |
Truist Securities Barry Jonas 29% 1-year accuracy 10 / 34 met price target | 27%upside $100 | Buy Upgraded | 14 Jan 2025 |
Jefferies David Katz 17% 1-year accuracy 4 / 24 met price target | 12%upside $88 | Hold Maintained | 3 Jan 2025 |
Financial journalist opinion
Positive
Seeking Alpha
1 week ago
Monarch Casino: Still The Hidden Gem Outside Vegas
Monarch Casino & Resort has shown strong financial performance with a 4.1% increase in top-line sales and a 5.5% rise in EBITDA in FY 2024. The company has successfully expanded and renovated its Black Hawk property, enhancing its competitive position and boosting occupancy and ADR rates. Monarch's solid financial health, zero long-term debt, and consistent cash flow enable continued shareholder returns through buybacks and dividends.
Neutral
GlobeNewsWire
4 weeks ago
Monarch Casino & Resort Reports Adjustments to 2024 Fourth Quarter and Full Year Financial Results
RENO, Nev., March 03, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) ("Monarch" or "the Company") reported on an SEC Form 8-K filed on February 18, 2025, that the District Court, City and County of Denver, Colorado (“Court”), issued its decision in the litigation between Monarch and PCL Construction Services, Inc. (“PCL”). The Court awarded damages in favor of PCL of $74,772,551 and awarded $144,894 to Monarch for its counterclaims against PCL. The Court entered a single judgment in the amount of the net difference between the cross-judgment and awarded PCL a principal judgment amount of $74,627,657 (the “Judgment”).
Neutral
GlobeNewsWire
1 month ago
Monarch honored by Forbes as one of America's most successful small companies
RENO, Nev., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) has been named one of America's most successful small companies by Forbes. Monarch, which through its subsidiaries, owns and operates Atlantis Casino Resort Spa in Reno, Nevada and Monarch Casino Resort Spa in Black Hawk, Colorado, was ranked 79th on Forbes' 2025 list.
Neutral
GlobeNewsWire
1 month ago
Reno's Atlantis Casino Resort Spa earns pair of prestigious Forbes Four-Star Awards
RENO, Nev., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Atlantis Casino Resort Spa's Atlantis Steakhouse and Spa Atlantis have earned the prestigious Forbes Travel Guide Four-Star Award, placing them on an exclusive list of properties recognized for luxurious offerings and exceptional guest service. This marks the 10th straight year Spa Atlantis has been honored as a Four-Star Award winner, while Atlantis Steakhouse is a second-time recipient of the industry-respected accolade.
Neutral
Zacks Investment Research
1 month ago
Monarch Casino Q4 Earnings & Revenues Top, Adjusted EBITDA Up Y/Y
MCRI's fourth-quarter 2024 results reflect year-over-year growth across its top and bottom lines. Dive in to know the factors behind the stock's quarterly performance.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, Monarch Casino (MCRI) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Monarch Casino (MCRI) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
Monarch Casino (MCRI) Beats Q4 Earnings and Revenue Estimates
Monarch Casino (MCRI) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $0.93 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Monarch Casino & Resort Reports Record 2024 Fourth Quarter Financial Results
RENO, Nev., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch” or “the Company”) today reported operating results for the fourth quarter and full year ended December 31, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended December 31, Twelve Months Ended December 31, 2024 2023 Change 2024 2023 Change Net revenue $134,513 $128,186 4.9 % $522,186 $501,478 4.1 % Net income ( 1 ) (2) $25,495 $18,202 40.1 % $94,053 $82,448 14.1 % Adjusted EBITDA ( 3 ) $47,280 $43,003 9.9 % $180,394 $170,832 5.6 % Basic earnings per share $1.39 $0.94 47.9 % $5.05 $4.28 18.0 % Diluted earnings per share ( 1 ) (2) $1.36 $0.93 46.2 % $4.96 $4.20 18.1 % (1) The year-over-year positive variances in Net Income and Diluted EPS in the fourth quarter of 2024 are result of: a) the effective tax rate (19.7% in the fourth quarter of 2024 and 28.6% in the fourth quarter of 2023), based primarily on the amount of the excess tax benefit on stock compensation; b) lower legal and consulting costs related to the ongoing litigation with the Monarch Black Hawk's general contractor ($0.1 million and $2.8 million in the fourth quarter of 2024 and 2023, respectively); offset by c) higher depreciation expense ($13.4 million and $12.1 million in the fourth quarter of 2024 and 2023, respectively); (2) The 2024 year-over-year positive variances in Net Income and Diluted EPS are result of: a) the effective tax rate (21.6% in 2024 and 24.0% in 2023), based primarily on the amount of the excess tax benefit on stock compensation; b) lower legal and consulting costs related to the ongoing litigation with the Monarch Black Hawk's general contractor ($0.8 million and $6.9 million in 2024 and 2023, respectively); offset by c) higher depreciation expense ($51.4 million and $47.3 million in 2024 and 2023, respectively); (3) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. CEO Comment “Monarch ended 2024 with record financial results in both the fourth quarter and full year.
Neutral
GlobeNewsWire
1 month ago
Monarch Casino & Resort to Report 2024 Fourth Quarter Results After Market Close on February 11, 2025
RENO, Nev., Feb. 04, 2025 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ: MCRI) announced today that it will release its 2024 fourth quarter financial results after the market closes on Tuesday, February 11, 2025.
Positive
Zacks Investment Research
1 month ago
Will Monarch Casino (MCRI) Beat Estimates Again in Its Next Earnings Report?
Monarch Casino (MCRI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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