Headlines about Monarch Casino & Resort (NASDAQ:MCRI) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Monarch Casino & Resort earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.1953502645038 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

MCRI has been the topic of several analyst reports. BidaskClub raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. ValuEngine raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Friday, February 23rd. Finally, Jefferies Group initiated coverage on Monarch Casino & Resort in a research report on Thursday, January 18th. They issued an “underperform” rating and a $39.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Monarch Casino & Resort has a consensus rating of “Buy” and an average price target of $50.80.

Monarch Casino & Resort (NASDAQ MCRI) opened at $42.47 on Friday. Monarch Casino & Resort has a 52 week low of $26.94 and a 52 week high of $47.92. The stock has a market capitalization of $754.07, a price-to-earnings ratio of 30.55 and a beta of 1.20. The company has a quick ratio of 1.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Monarch Casino & Resort (NASDAQ:MCRI) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.10). Monarch Casino & Resort had a return on equity of 10.65% and a net margin of 11.07%. The business had revenue of $56.06 million during the quarter, compared to the consensus estimate of $57.95 million. research analysts expect that Monarch Casino & Resort will post 1.86 EPS for the current year.

In other news, President Bob Farahi sold 12,242 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $46.13, for a total value of $564,723.46. Following the completion of the transaction, the president now owns 378,074 shares of the company’s stock, valued at $17,440,553.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 27.56% of the company’s stock.

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Monarch Casino & Resort Company Profile

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.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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