Monarch Casino & Resort, Inc. (NASDAQ:MCRI) - Equities researchers at Imperial Capital issued their FY2019 EPS estimates for Monarch Casino & Resort in a report issued on Thursday. Imperial Capital analyst G. Klein anticipates that the company will post earnings per share of $1.62 for the year. Imperial Capital has a “Outperform” rating and a $38.00 price target on the stock.
Other research analysts have also recently issued reports about the company. Deutsche Bank AG boosted their target price on Monarch Casino & Resort from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Zacks Investment Research upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, July 5th. Finally, Stifel Nicolaus boosted their target price on Monarch Casino & Resort from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $46.60.
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Shares of Monarch Casino & Resort (MCRI) traded up 0.51% during midday trading on Monday, reaching $33.26. The company’s stock had a trading volume of 21,478 shares. The stock’s 50 day moving average price is $30.77 and its 200 day moving average price is $28.58. Monarch Casino & Resort has a one year low of $21.13 and a one year high of $34.59. The firm has a market cap of $583.88 million, a price-to-earnings ratio of 22.52 and a beta of 1.04.
Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. Monarch Casino & Resort had a return on equity of 11.16% and a net margin of 11.77%. The business had revenue of $58.23 million for the quarter, compared to the consensus estimate of $58 million.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new position in shares of Monarch Casino & Resort during the second quarter valued at $173,000. KCG Holdings Inc. bought a new position in shares of Monarch Casino & Resort during the first quarter valued at $201,000. Advisors Preferred LLC bought a new position in shares of Monarch Casino & Resort during the first quarter valued at $208,000. Hancock Holding Co. bought a new position in shares of Monarch Casino & Resort during the first quarter valued at $209,000. Finally, 361 Capital LLC bought a new position in shares of Monarch Casino & Resort during the first quarter valued at $213,000. Institutional investors and hedge funds own 57.08% of the company’s stock.
About Monarch Casino & Resort
Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.
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