Monarch Casino & Resort (NASDAQ:MCRI) Lowered to “Strong Sell” Rating by Zacks Research

Posted by Geri Gentry on Jul 24th, 2026

Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages have also recently issued reports on MCRI. Jefferies Financial Group reiterated a “hold” rating on shares of Monarch Casino & Resort in a research note on Thursday, July 2nd. Stifel Nicolaus lifted their price objective on Monarch Casino & Resort from $102.00 to $128.00 and gave the company a “hold” rating in a report on Tuesday. UBS Group set a $124.00 target price on Monarch Casino & Resort in a research report on Thursday, July 2nd. Wells Fargo & Company reduced their target price on Monarch Casino & Resort from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Monarch Casino & Resort in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Monarch Casino & Resort has a consensus rating of “Hold” and a consensus target price of $124.40.

View Our Latest Analysis on MCRI

Monarch Casino & Resort Stock Up 0.8%

NASDAQ MCRI opened at $119.17 on Wednesday. The company has a market capitalization of $2.12 billion, a P/E ratio of 19.10 and a beta of 1.29. Monarch Casino & Resort has a 12-month low of $88.13 and a 12-month high of $135.93. The firm has a 50-day moving average price of $124.53 and a two-hundred day moving average price of $108.07.

Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) last announced its earnings results on Monday, July 20th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. Monarch Casino & Resort had a net margin of 20.40% and a return on equity of 20.63%. The firm had revenue of $142.60 million for the quarter, compared to analyst estimates of $142.85 million. The company’s revenue was up 4.2% on a year-over-year basis. Equities analysts expect that Monarch Casino & Resort will post 6.98 EPS for the current year.

Insider Buying and Selling at Monarch Casino & Resort

In related news, CEO John Farahi sold 5,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $120.84, for a total transaction of $604,200.00. Following the completion of the sale, the chief executive officer directly owned 616,556 shares in the company, valued at $74,504,627.04. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in shares of Monarch Casino & Resort in the fourth quarter worth about $40,000. Osaic Holdings Inc. grew its holdings in shares of Monarch Casino & Resort by 210.0% during the 2nd quarter. Osaic Holdings Inc. now owns 465 shares of the company’s stock valued at $40,000 after purchasing an additional 315 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 106 shares during the last quarter. Parallel Advisors LLC increased its position in Monarch Casino & Resort by 191.3% during the 1st quarter. Parallel Advisors LLC now owns 1,136 shares of the company’s stock worth $109,000 after purchasing an additional 746 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased 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 purchasing an additional 524 shares in the last quarter. Institutional investors own 62.37% of the company’s stock.

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.