Monarch Casino & Resort, Inc. (NASDAQ:MCRI) had its price objective hoisted by Imperial Capital from $35.00 to $38.00 in a research note released on Thursday morning, Marketbeat.com reports. Imperial Capital currently has an outperform rating on the stock. Imperial Capital also issued estimates for Monarch Casino & Resort’s Q3 2017 earnings at $0.45 EPS, Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.48 EPS and FY2018 earnings at $1.50 EPS.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Monarch Casino & Resort from a hold rating to a sell rating in a research note on Friday, April 28th. Stifel Nicolaus increased their price target on Monarch Casino & Resort from $27.00 to $29.00 and gave the company a hold rating in a research note on Friday, April 28th. Finally, Deutsche Bank AG increased their price target on Monarch Casino & Resort from $95.00 to $97.00 and gave the company a buy rating in a research note on Monday, May 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $46.60.

Monarch Casino & Resort (NASDAQ MCRI) traded down 0.12% during mid-day trading on Thursday, hitting $33.75. The stock had a trading volume of 13,465 shares. Monarch Casino & Resort has a 12-month low of $21.13 and a 12-month high of $34.59. The stock has a market cap of $592.48 million, a price-to-earnings ratio of 22.85 and a beta of 1.04. The company has a 50-day moving average of $30.74 and a 200-day moving average of $28.47.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $58.23 million during the quarter, compared to analyst estimates of $58 million. Monarch Casino & Resort had a return on equity of 11.16% and a net margin of 11.77%. On average, analysts anticipate that Monarch Casino & Resort will post $1.50 earnings per share for the current fiscal year.

WARNING: “Monarch Casino & Resort, Inc. (MCRI) Given New $38.00 Price Target at Imperial Capital” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/monarch-casino-resort-inc-mcri-given-new-38-00-price-target-at-imperial-capital/1464123.html.

A number of institutional investors have recently modified their holdings of MCRI. Texas Permanent School Fund increased its stake in shares of Monarch Casino & Resort by 1.1% in the second quarter. Texas Permanent School Fund now owns 8,052 shares of the company’s stock worth $244,000 after buying an additional 84 shares during the period. Legal & General Group Plc increased its stake in shares of Monarch Casino & Resort by 0.7% in the first quarter. Legal & General Group Plc now owns 18,412 shares of the company’s stock worth $544,000 after buying an additional 136 shares during the period. Capital One National Association increased its stake in shares of Monarch Casino & Resort by 0.8% in the second quarter. Capital One National Association now owns 17,880 shares of the company’s stock worth $541,000 after buying an additional 140 shares during the period. Comerica Bank increased its stake in shares of Monarch Casino & Resort by 4.4% in the first quarter. Comerica Bank now owns 10,332 shares of the company’s stock worth $308,000 after buying an additional 435 shares during the period. Finally, Prudential Financial Inc. increased its stake in shares of Monarch Casino & Resort by 2.6% in the first quarter. Prudential Financial Inc. now owns 33,152 shares of the company’s stock worth $980,000 after buying an additional 830 shares during the period. 57.08% of the stock is owned by hedge funds and other institutional investors.

About Monarch Casino & Resort

Monarch Casino & Resort, Inc (Monarch), through its subsidiary, owns and operates the Atlantis Casino Resort Spa (the Atlantis), a hotel/casino facility in Reno, Nevada. The Company also owns and operates Monarch Casino Black Hawk. The Company’s segments include Atlantis and Monarch Casino Black Hawk.

Receive News & Ratings for Monarch Casino & Resort Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monarch Casino & Resort Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.