Monarch Casino & Resort (NASDAQ:MCRI) Upgraded at Wall Street Zen
Wall Street Zen upgraded Monarch Casino & Resort to Buy, while recent analyst actions, earnings beats, and dividend news shape its Hold consensus.Summary
Wall Street Zen upgraded Monarch Casino & Resort (NASDAQ:MCRI) from Hold to Buy. Other firms recently issued mixed actions: Weiss Ratings reaffirmed Buy (B-), while Zacks cut from Strong Buy to Hold; Stifel Nicolaus and Wells Fargo set Hold/Equal Weight ratings with raised price targets, and Truist Financial raised its target and kept Buy. Analysts show two Buy and four Hold ratings, with an average target of $109.50 versus a Friday open at $117.61. The stock trades above its 50‑ and 200‑day moving averages, with a 52‑week range of $76.05–$118.00, a market cap of $2.09 billion, a P/E of 19.93, and a beta of 1.30. For the quarter ended April 21, MCRI reported EPS of $1.52 (beat by $0.37), revenue of $136.55 million (up 8.9% year-over-year and above estimates), a 19.98% return on equity, and a 19.62% net margin. The company announced a quarterly dividend of $0.30 (annualized $1.20, yield 1.0%, payout ratio 20.34%), with an ex-dividend date of June 1. Insider activity included CEO John Farahi selling 2,000 shares at $99.00, reducing his stake by 0.37%; insiders own 26.34%. Institutional investors own 62.37%, with several funds increasing positions recently. Monarch operates the Atlantis Casino Resort Spa in Reno, Nevada, with diversified revenue from gaming, hotels, food and beverage, and conventions.
(Source：Ticker Report)