Monarch Casino & Resort (NASDAQ:MCRI) Downgraded to Hold Rating by Zacks Research

Posted by Brian Himes on Jun 24th, 2026

Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

MCRI has been the subject of several other reports. Stifel Nicolaus lifted their target price on shares of Monarch Casino & Resort from $97.00 to $102.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Monarch Casino & Resort in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. Wells Fargo & Company lifted their price objective on shares of Monarch Casino & Resort from $97.00 to $99.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Truist Financial upped their target price on shares of Monarch Casino & Resort from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Monarch Casino & Resort currently has an average rating of “Hold” and an average price target of $109.50.

View Our Latest Stock Report on MCRI

Monarch Casino & Resort Trading Down 0.5%

Shares of MCRI opened at $128.80 on Monday. The company has a market cap of $2.29 billion, a PE ratio of 21.83 and a beta of 1.30. The stock has a 50-day moving average price of $117.83 and a 200-day moving average price of $103.61. Monarch Casino & Resort has a 12-month low of $85.40 and a 12-month high of $134.31.

Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.37. The company had revenue of $136.55 million for the quarter, compared to analysts’ expectations of $128.49 million. Monarch Casino & Resort had a net margin of 19.62% and a return on equity of 19.98%. Monarch Casino & Resort’s revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts predict that Monarch Casino & Resort will post 7.07 earnings per share for the current year.

Insider Buying and Selling

In other Monarch Casino & Resort news, CEO John Farahi sold 5,000 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $120.84, for a total value of $604,200.00. Following the completion of the sale, the chief executive officer directly owned 616,556 shares of the company’s stock, valued at $74,504,627.04. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 26.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings in shares of Monarch Casino & Resort by 210.0% in the second quarter. Osaic Holdings Inc. now owns 465 shares of the company’s stock worth $40,000 after buying an additional 315 shares during the period. Kestra Advisory Services LLC purchased a new stake in Monarch Casino & Resort during the 4th quarter valued at about $40,000. GAMMA Investing LLC boosted its holdings in Monarch Casino & Resort by 12.1% during the 4th quarter. GAMMA Investing LLC now owns 984 shares of the company’s stock valued at $94,000 after acquiring an additional 106 shares during the period. Parallel Advisors LLC boosted its holdings in Monarch Casino & Resort by 191.3% during the 1st quarter. Parallel Advisors LLC now owns 1,136 shares of the company’s stock valued at $109,000 after acquiring an additional 746 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in Monarch Casino & Resort by 69.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,275 shares of the company’s stock worth $110,000 after acquiring an additional 524 shares during the last quarter. 62.37% of the stock is owned by institutional investors.

About Monarch Casino & Resort

(Get Free Report)

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.