Monarch Casino & Resort upgraded by Stifel with a new price target
$MCRI
Hotels/Resorts
Consumer Discretionary
Stifel upgraded Monarch Casino & Resort from Hold to Buy and set a new price target of $77.00 from $70.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/5/2024 | Buy → Hold | Stifel | |
| 10/19/2023 | $90.00 → $65.00 | Buy → Hold | Truist |
| 1/18/2023 | $82.00 → $81.00 | Outperform → Neutral | Macquarie |
| 10/20/2022 | $70.00 → $77.00 | Hold → Buy | Stifel |
| 4/21/2022 | $96.00 | Buy → Hold | Stifel |
| 4/21/2022 | $85.00 → $90.00 | Buy → Hold | Jefferies |
SC 13G - MONARCH CASINO & RESORT INC (0000907242) (Subject)
SC 13G - MONARCH CASINO & RESORT INC (0000907242) (Subject)
SC 13G - MONARCH CASINO & RESORT INC (0000907242) (Subject)
Stifel downgraded Monarch Casino & Resort from Buy to Hold
Truist downgraded Monarch Casino & Resort from Buy to Hold and set a new price target of $65.00 from $90.00 previously
Macquarie downgraded Monarch Casino & Resort from Outperform to Neutral and set a new price target of $81.00 from $82.00 previously
10-Q - MONARCH CASINO & RESORT INC (0000907242) (Filer)
8-K - MONARCH CASINO & RESORT INC (0000907242) (Filer)
10-Q - MONARCH CASINO & RESORT INC (0000907242) (Filer)
RENO, Nev., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch" or "the Company") today reported operating results for the third quarter ended September 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Change 2024 2023 ChangeNet revenue$137,873 $132,965 3.7% $387,673 $373,292 3.9% Net income$27,601 $24,163 14.2% $68,558 $64,246 6.7% Adjusted EBITDA(1)$50,643 $49,221 2.9% $133,114 $127,829 4.1% Basic earnings per share$1.50 $1.26 19.0% $3.67 $3.34 9.9%Diluted earnings per share$1.47 $1.23 19.5% $3.60 $3.27 10
RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 third quarter financial results after the market closes on Wednesday, October 23, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. Monarch Black Hawk features approximately 60,000 squa
RENO, Nev., July 24, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch," "we," "our," or "the Company") today reported record financial results for the second quarter ended June 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 Increase 2024 2023 IncreaseNet revenue$128,143 $123,683 3.6% $249,800 $240,327 3.9% Net income 22,682 22,413 1.2% 40,957 40,083 2.2% Adjusted EBITDA(1)$43,923 $42,128 4.3% $82,471 $78,608 4.9% Basic EPS$1.21 $1.16 4.3% $2.16 $2.08 3.8%Diluted EPS$1.19 $1.14 4.4% $2.12 $2.04 3.9%(1)Definitions, disclos
Macquarie analyst Chad Beynon maintains Monarch Casino & Resort (NASDAQ:MCRI) with a Neutral and maintains $76 price target.
Truist Securities analyst Barry Jonas maintains Monarch Casino & Resort (NASDAQ:MCRI) with a Hold and raises the price target from $74 to $75.
Monarch Casino & Resort (NASDAQ:MCRI) reported quarterly earnings of $1.19 per share which beat the analyst consensus estimate of $1.11 by 7.21 percent. The company reported quarterly sales of $128.143 million which beat the analyst consensus estimate of $126.307 million by 1.45 percent. This is a 3.61 percent increase over sales of $123.683 million the same period last year.
4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
4 - MONARCH CASINO & RESORT INC (0000907242) (Issuer)
RENO, Nev., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) ("Monarch" or "the Company") today reported operating results for the third quarter ended September 30, 2024, as summarized below: ($ in thousands, except per share data and percentages) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 Change 2024 2023 ChangeNet revenue$137,873 $132,965 3.7% $387,673 $373,292 3.9% Net income$27,601 $24,163 14.2% $68,558 $64,246 6.7% Adjusted EBITDA(1)$50,643 $49,221 2.9% $133,114 $127,829 4.1% Basic earnings per share$1.50 $1.26 19.0% $3.67 $3.34 9.9%Diluted earnings per share$1.47 $1.23 19.5% $3.60 $3.27 10
RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Monarch Casino & Resort, Inc. (NASDAQ:MCRI) announced today that it will release its 2024 third quarter financial results after the market closes on Wednesday, October 23, 2024. About Monarch Casino & Resort, Inc. Monarch Casino & Resort, Inc., through its subsidiaries, owns and operates the Monarch Casino Resort Spa ("Monarch Black Hawk") in Black Hawk, Colorado, approximately 40 miles west of Denver and the Atlantis Casino Resort Spa ("Atlantis"), a hotel/casino facility in Reno, Nevada. For additional information on Monarch, visit the Company's website at www.monarchcasino.com. Monarch Black Hawk features approximately 60,000 squa
RENO, Nev., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bistro Napa has received the coveted AAA Four Diamond designation, joining an exclusive list of restaurants and hotels that represent the top tier of the hospitality industry in North America. With this new honor, Atlantis Casino Resort Spa is now the only property in northern Nevada to boast multiple AAA Four Diamond restaurants in addition to a AAA Four Diamond hotel. Atlantis Steakhouse has held a AAA Four Diamond designation since 2013. Meanwhile, Atlantis Casino Resort Spa has maintained its AAA Four Diamond-rated hotel status since 2012. "These AAA Four Diamond accolades reflect our company's overarching mission to provide the ultimate