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Monarch Casino & Resort Inc (MCRI) Stock Forecast & Price Prediction

Live MCRI Stock Price & Analysis

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$86.44

+0.54 (0.63%)

12 Month Price Forecast For MCRI

$86.44
Current Price
$1.59B
Market Cap
5 Ratings
Buy 1
Hold 3
Sell 1
Wall St Analyst Ratings

Distance to MCRI Price Forecasts

+15.7%
To High Target of $100.00
-5.1%
To Median Target of $82.00
-8.6%
To Low Target of $79.00

MCRI Price Momentum

+0.7%
1 Week Change
+10.1%
1 Month Change
+25.1%
1 Year Change
+9.6%
Year-to-Date Change
-2.9%
From 52W High of $89.06
+34.0%
From 52W Low of $64.50

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 6, 2025 6:16 PM UTC

MCRI Analyst Ratings & Price Targets

Based on our analysis of 7 Wall Street analysts, MCRI has a consensus that is neutral. The median price target is $82.00, with forecasts ranging from $79.00 to $100.00. Currently, there are 1 Buy ratings, 3 Hold ratings, and 1 Sell ratings.

With MCRI currently trading at $86.44, the median price forecast suggests a -5.1% downside. The most optimistic forecast comes from Barry Jonas at Truist Securities, projecting a 15.7% upside, while Zachary Silverberg at Wells Fargo provides the most conservative target, suggesting a -8.6% downside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

MCRI Analyst Consensus

1
Buy
3
Hold
1
Sell

MCRI Price Target Range

Low
$79.00
Average
$82.00
High
$100.00
Current: $86.44

Latest MCRI Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for MCRI.

Date Firm Analyst Rating Change Price Target
Jan 14, 2025 Truist Securities Barry Jonas Buy Upgrade $100.00
Jan 3, 2025 Jefferies David Katz Hold Maintains $88.00
Dec 16, 2024 Wells Fargo Zachary Silverberg Underweight Initiates $79.00
Oct 24, 2024 Stifel Jeffrey Stantial Hold Maintains $77.00
Oct 23, 2024 Truist Securities Barry Jonas Hold Maintains $82.00
Jul 25, 2024 Truist Securities Barry Jonas Hold Maintains $75.00
Jul 25, 2024 Macquarie Chad Beynon Neutral Maintains $76.00
Apr 18, 2024 Macquarie Chad Beynon Neutral Maintains $76.00
Feb 15, 2024 Truist Securities Barry Jonas Hold Maintains $74.00
Jan 5, 2024 Stifel Jeffrey Stantial Hold Downgrade $70.00
Oct 19, 2023 Truist Securities Barry Jonas Hold Downgrade $65.00
Oct 19, 2023 Stifel Jeffrey Stantial Buy Maintains $83.00
Oct 18, 2023 Truist Securities Barry Jonas Buy Maintains $90.00
Jun 27, 2023 Truist Securities Barry Jonas Buy Reiterates $95.00
Jan 18, 2023 Macquarie Chad Beynon Neutral Downgrade $81.00
Oct 20, 2022 Stifel Jeffrey Stantial Buy Upgrade $77.00
Oct 20, 2022 Truist Securities Barry Jonas Buy Maintains $89.00
Jul 20, 2022 Truist Securities Barry Jonas Buy Maintains $85.00
Apr 21, 2022 Jefferies David Katz Hold Downgrade $90.00
Apr 21, 2022 Stifel Hold Downgrade $0.00

Stocks Similar to Monarch Casino & Resort Inc

The following stocks are similar to Monarch Casino based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Monarch Casino & Resort Inc (MCRI) Financial Data

Monarch Casino & Resort Inc has a market capitalization of $1.59B with a P/E ratio of 19.1x. The company generates $515.86M in trailing twelve-month revenue with a 16.8% profit margin.

Revenue growth is +3.7% quarter-over-quarter, while maintaining an operating margin of +25.4% and return on equity of +17.1%.

Valuation Metrics

Market Cap $1.59B
Enterprise Value $1.57B
P/E Ratio 19.1x
PEG Ratio 17.7x
Price/Sales 3.1x

Growth & Margins

Revenue Growth (YoY) +3.7%
Gross Margin +55.0%
Operating Margin +25.4%
Net Margin +16.8%
EPS Growth +14.2%

Financial Health

Cash/Price Ratio +2.5%
Current Ratio 0.6x
Debt/Equity 4.2x
ROE +17.1%
ROA +11.0%

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Monarch Casino & Resort Inc logo

Monarch Casino & Resort Inc (MCRI) Company Overview

About Monarch Casino & Resort Inc

What They Do

Operates casinos and resorts in Nevada and Colorado.

Business Model

Monarch Casino & Resort, Inc. generates revenue primarily through its casino operations, hotel accommodations, and spa services. By providing a full-service entertainment experience, including gaming, dining, and hospitality, the company attracts a diverse clientele, thereby enhancing its revenue streams.

Additional Information

Founded in 1993 and headquartered in Reno, Nevada, the company has established itself in the gaming and hospitality industry. The properties are strategically located to capture regional tourism and gaming markets, which can provide growth opportunities.

Company Information

Sector

Consumer Cyclical

Industry

Resorts & Casinos

Employees

2,900

CEO

Mr. John Farahi

Country

United States

IPO Year

1993

Monarch Casino & Resort Inc (MCRI) Latest News & Analysis

MCRI stock latest news image
Quick Summary

A cash dividend of $0.30 per share has been declared, payable on December 15, 2024.

Why It Matters

The cash dividend announcement signals a company's profitability and commitment to returning value to shareholders, potentially boosting investor confidence and stock price.

Source: GlobeNewsWire
Market Sentiment: Neutral
MCRI stock latest news image
Quick Summary

Monarch Casino (MCRI) reported Q3 earnings of $1.47 per share, exceeding the Zacks Consensus Estimate of $1.37 and up from $1.38 per share in the previous year.

Why It Matters

Monarch Casino's earnings beat estimates, indicating strong performance and growth. Positive earnings surprises can boost investor confidence and potentially increase stock value.

Source: Zacks Investment Research
Market Sentiment: Positive
MCRI stock latest news image
Quick Summary

Monarch Casino (MCRI) reported its quarterly performance for September 2024, with key metrics available for comparison against Wall Street estimates and the previous year's results.

Why It Matters

Comparing Monarch Casino's quarterly performance to Wall Street estimates and prior year results helps gauge growth, profitability, and market expectations, influencing investment decisions.

Source: Zacks Investment Research
Market Sentiment: Positive
MCRI stock latest news image
Quick Summary

Monarch Casino & Resort is expected to report strong growth in casino revenue for the third quarter.

Why It Matters

Strong Casino revenue growth signals potential for increased profitability, which can boost stock performance and attract investor interest in Monarch Casino & Resort.

Source: Zacks Investment Research
Market Sentiment: Positive
MCRI stock latest news image
Quick Summary

Monarch Casino & Resort, Inc. (NASDAQ: MCRI) will release its Q3 2024 financial results after market close on October 23, 2024.

Why It Matters

Monarch Casino's upcoming Q3 financial results release could impact stock prices and investor sentiment, reflecting the company's performance and future outlook.

Source: GlobeNewsWire
Market Sentiment: Neutral
MCRI stock latest news image
Quick Summary

Bistro Napa has achieved the AAA Four Diamond designation, highlighting its status among top-tier restaurants in North America, which may enhance its market appeal and customer interest.

Why It Matters

Bistro Napa's AAA Four Diamond designation enhances its reputation, likely increasing customer traffic and revenue, which can positively impact investors' interests in the hospitality sector.

Source: GlobeNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About MCRI Stock

What is Monarch Casino & Resort Inc's (MCRI) stock forecast for 2025?

Based on our analysis of 7 Wall Street analysts, Monarch Casino & Resort Inc (MCRI) has a median price target of $82.00. The highest price target is $100.00 and the lowest is $79.00.

Is MCRI stock a good investment in 2025?

According to current analyst ratings, MCRI has 1 Buy ratings, 3 Hold ratings, and 1 Sell ratings. The stock is currently trading at $86.44. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for MCRI stock?

Wall Street analysts predict MCRI stock could reach $82.00 in the next 12 months. This represents a -5.1% decrease from the current price of $86.44. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Monarch Casino & Resort Inc's business model?

Monarch Casino & Resort, Inc. generates revenue primarily through its casino operations, hotel accommodations, and spa services. By providing a full-service entertainment experience, including gaming, dining, and hospitality, the company attracts a diverse clientele, thereby enhancing its revenue streams.

What is the highest forecasted price for MCRI Monarch Casino & Resort Inc?

The highest price target for MCRI is $100.00 from Barry Jonas at Truist Securities, which represents a 15.7% increase from the current price of $86.44.

What is the lowest forecasted price for MCRI Monarch Casino & Resort Inc?

The lowest price target for MCRI is $79.00 from Zachary Silverberg at Wells Fargo, which represents a -8.6% decrease from the current price of $86.44.

What is the overall MCRI consensus from analysts for Monarch Casino & Resort Inc?

The overall analyst consensus for MCRI is neutral. Out of 7 Wall Street analysts, 1 rate it as Buy, 3 as Hold, and 1 as Sell, with a median price target of $82.00.

How accurate are MCRI stock price projections?

Stock price projections, including those for Monarch Casino & Resort Inc, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.