1,500 Shares in Monarch Casino & Resort, Inc. (NASDAQ:MCRI) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the company’s stock, valued at approximately $102,000.

Several other large investors have also recently made changes to their positions in the business. Texas Permanent School Fund Corp raised its stake in Monarch Casino & Resort by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 11,682 shares of the company’s stock valued at $876,000 after buying an additional 152 shares during the last quarter. Pitcairn Co. raised its position in shares of Monarch Casino & Resort by 4.3% in the 1st quarter. Pitcairn Co. now owns 5,698 shares of the company’s stock worth $427,000 after purchasing an additional 235 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Monarch Casino & Resort by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,851 shares of the company’s stock worth $289,000 after purchasing an additional 443 shares during the last quarter. US Bancorp DE boosted its stake in Monarch Casino & Resort by 8.6% in the 1st quarter. US Bancorp DE now owns 6,124 shares of the company’s stock worth $459,000 after purchasing an additional 483 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Monarch Casino & Resort by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 72,531 shares of the company’s stock valued at $5,439,000 after purchasing an additional 491 shares during the last quarter. 62.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Macquarie reiterated a “neutral” rating and issued a $76.00 target price on shares of Monarch Casino & Resort in a research note on Thursday, July 25th. Truist Financial upped their price objective on Monarch Casino & Resort from $74.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, July 25th.

Monarch Casino & Resort Stock Down 0.0 %

Shares of NASDAQ MCRI opened at $78.92 on Friday. The firm’s 50-day moving average price is $74.87 and its 200-day moving average price is $71.02. Monarch Casino & Resort, Inc. has a 52-week low of $56.25 and a 52-week high of $80.22. The company has a market cap of $1.48 billion, a PE ratio of 18.66 and a beta of 1.73.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its earnings results on Wednesday, July 24th. The company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $128.14 million during the quarter, compared to the consensus estimate of $126.03 million. Monarch Casino & Resort had a net margin of 16.31% and a return on equity of 17.05%. As a group, equities research analysts anticipate that Monarch Casino & Resort, Inc. will post 4.62 EPS for the current fiscal year.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.