denkapparat Operations GmbH Grows Stock Position in Monarch Casino & Resort, Inc. $MCRI

denkapparat Operations GmbH boosted its position in shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) by 22.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,218 shares of the company’s stock after buying an additional 600 shares during the quarter. denkapparat Operations GmbH’s holdings in Monarch Casino & Resort were worth $278,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Monarch Casino & Resort by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,028,325 shares of the company’s stock worth $79,952,000 after purchasing an additional 24,616 shares during the period. American Century Companies Inc. boosted its position in shares of Monarch Casino & Resort by 10.5% during the first quarter. American Century Companies Inc. now owns 446,600 shares of the company’s stock valued at $34,723,000 after buying an additional 42,527 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in shares of Monarch Casino & Resort by 40.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 343,565 shares of the company’s stock valued at $26,712,000 after buying an additional 98,371 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Monarch Casino & Resort by 10.9% in the first quarter. Wellington Management Group LLP now owns 233,513 shares of the company’s stock worth $18,156,000 after buying an additional 23,010 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Monarch Casino & Resort by 147.1% during the 1st quarter. Invesco Ltd. now owns 222,770 shares of the company’s stock worth $17,320,000 after acquiring an additional 132,599 shares during the last quarter. Hedge funds and other institutional investors own 62.37% of the company’s stock.

Wall Street Analysts Forecast Growth

MCRI has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on Monarch Casino & Resort from $92.00 to $97.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Monarch Casino & Resort in a report on Tuesday. Wall Street Zen downgraded shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Truist Financial lifted their price objective on shares of Monarch Casino & Resort from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company upped their target price on shares of Monarch Casino & Resort from $89.00 to $91.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $94.60.

Monarch Casino & Resort Trading Up 0.2%

Shares of Monarch Casino & Resort stock opened at $95.87 on Thursday. The stock’s fifty day moving average price is $98.21 and its 200-day moving average price is $93.51. The firm has a market cap of $1.75 billion, a P/E ratio of 17.31 and a beta of 1.48. Monarch Casino & Resort, Inc. has a 12 month low of $69.99 and a 12 month high of $113.88.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its earnings results on Tuesday, October 21st. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.06. The company had revenue of $142.81 million for the quarter, compared to analysts’ expectations of $145.54 million. Monarch Casino & Resort had a net margin of 19.26% and a return on equity of 19.33%. Analysts forecast that Monarch Casino & Resort, Inc. will post 5.13 earnings per share for the current year.

Monarch Casino & Resort Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.30 per share. The ex-dividend date is Monday, December 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. Monarch Casino & Resort’s dividend payout ratio (DPR) is currently 21.66%.

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.