Monarch Casino & Resort, Inc. (NASDAQ:MCRI – Get Free Report) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $84.00.
A number of equities research analysts recently issued reports on the company. Wells Fargo & Company started coverage on Monarch Casino & Resort in a research note on Monday, December 16th. They issued an “underweight” rating and a $79.00 target price on the stock. Jefferies Financial Group upped their price objective on Monarch Casino & Resort from $73.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, January 3rd. Stifel Nicolaus boosted their target price on shares of Monarch Casino & Resort from $72.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. StockNews.com cut shares of Monarch Casino & Resort from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 22nd. Finally, Truist Financial raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $100.00 in a research report on Tuesday, January 14th.
Read Our Latest Stock Analysis on Monarch Casino & Resort
Insider Buying and Selling at Monarch Casino & Resort
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Financial Management Professionals Inc. acquired a new stake in Monarch Casino & Resort during the third quarter worth about $30,000. GAMMA Investing LLC increased its position in Monarch Casino & Resort by 61.0% during the 3rd quarter. GAMMA Investing LLC now owns 470 shares of the company’s stock worth $37,000 after purchasing an additional 178 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Monarch Casino & Resort in the fourth quarter valued at approximately $53,000. KBC Group NV lifted its position in Monarch Casino & Resort by 67.8% during the fourth quarter. KBC Group NV now owns 980 shares of the company’s stock valued at $77,000 after buying an additional 396 shares in the last quarter. Finally, Independence Bank of Kentucky purchased a new stake in Monarch Casino & Resort during the fourth quarter worth approximately $93,000. 62.37% of the stock is owned by hedge funds and other institutional investors.
Monarch Casino & Resort Trading Down 0.3 %
Shares of MCRI opened at $85.88 on Tuesday. The company has a 50-day moving average of $82.47 and a two-hundred day moving average of $78.47. The stock has a market cap of $1.58 billion, a P/E ratio of 19.00 and a beta of 1.73. Monarch Casino & Resort has a 12-month low of $64.50 and a 12-month high of $89.06.
About Monarch Casino & Resort
Monarch Casino & Resort, Inc engages in the ownership and operation of the Atlantis Casino Resort Spa, a hotel and casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk, Colorado. The company was founded in 1993 and is headquartered in Reno, NV.
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