Somewhat Positive Press Coverage Somewhat Unlikely to Impact Monarch Casino & Resort (MCRI) Stock Price

Media headlines about Monarch Casino & Resort (NASDAQ:MCRI) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Monarch Casino & Resort earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave headlines about the company an impact score of 42.6714021170692 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Monarch Casino & Resort (NASDAQ MCRI) opened at $46.24 on Friday. Monarch Casino & Resort has a 52 week low of $23.10 and a 52 week high of $47.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 1.17. The firm has a market capitalization of $820.07, a P/E ratio of 30.42 and a beta of 1.10.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $63.03 million during the quarter, compared to analyst estimates of $60.05 million. Monarch Casino & Resort had a return on equity of 11.25% and a net margin of 11.99%. analysts anticipate that Monarch Casino & Resort will post 1.51 earnings per share for the current year.

A number of research firms recently weighed in on MCRI. Union Gaming Research raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Wednesday, October 11th. ValuEngine downgraded Monarch Casino & Resort from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, UBS raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $53.25.

In other news, major shareholder Ben Farahi sold 18,600 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $43.76, for a total value of $813,936.00. Following the completion of the transaction, the insider now directly owns 1,107,172 shares of the company’s stock, valued at $48,449,846.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Bob Farahi sold 2,020 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $45.53, for a total value of $91,970.60. Following the completion of the transaction, the president now directly owns 472,405 shares of the company’s stock, valued at $21,508,599.65. The disclosure for this sale can be found here. Insiders have sold a total of 138,476 shares of company stock valued at $6,259,906 over the last three months. 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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