BidaskClub lowered shares of Monarch Casino & Resort (NASDAQ:MCRI) from a hold rating to a sell rating in a report issued on Friday, BidAskClub reports.

MCRI has been the subject of a number of other reports. ValuEngine raised shares of Monarch Casino & Resort from a hold rating to a buy rating in a research report on Thursday, January 10th. Citigroup lowered shares of Monarch Casino & Resort from a buy rating to a hold rating in a research report on Wednesday, March 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $50.00.

MCRI opened at $45.47 on Friday. Monarch Casino & Resort has a 12-month low of $34.45 and a 12-month high of $49.63. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 0.31. The company has a market cap of $816.19 million, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.22.

Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings results on Wednesday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Monarch Casino & Resort had a return on equity of 11.92% and a net margin of 14.19%. The business had revenue of $59.78 million for the quarter, compared to analysts’ expectations of $56.40 million. Analysts expect that Monarch Casino & Resort will post 2.08 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of Monarch Casino & Resort by 18.7% during the 4th quarter. First Trust Advisors LP now owns 21,290 shares of the company’s stock worth $812,000 after purchasing an additional 3,361 shares during the period. Virginia Retirement Systems ET AL acquired a new stake in shares of Monarch Casino & Resort during the 4th quarter worth approximately $320,000. Icon Advisers Inc. Co. acquired a new stake in shares of Monarch Casino & Resort during the 4th quarter worth approximately $461,000. Vanguard Group Inc grew its stake in shares of Monarch Casino & Resort by 5.3% during the 3rd quarter. Vanguard Group Inc now owns 697,819 shares of the company’s stock worth $31,716,000 after purchasing an additional 35,341 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Monarch Casino & Resort by 11.3% during the 3rd quarter. Legal & General Group Plc now owns 25,135 shares of the company’s stock worth $1,143,000 after purchasing an additional 2,552 shares during the period. 60.94% of the stock is currently owned by institutional investors and hedge funds.

Monarch Casino & Resort Company Profile

Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of February 20, 2019, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 824 guest rooms; 8 food outlets; 2 espresso and pastry bars; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.

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