Monarch Casino & Resort (NASDAQ:MCRI) Shares Cross Below 200 Day Moving Average Following Weak Earnings

Posted by Brian Himes on Oct 29th, 2026

Monarch Casino & Resort, Inc. (NASDAQ:MCRI – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday following a dissappointing earnings announcement. The stock has a 200-day moving average of $112.27 and traded as low as $107.31. Monarch Casino & Resort shares last traded at $112.26, with a volume of 425,833 shares traded.

The company reported $1.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 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 $146.26 million for the quarter, compared to analyst estimates of $147.93 million. During the same quarter in the previous year, the company earned $1.69 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year.

Monarch Casino & Resort Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Tuesday, December 1st. Monarch Casino & Resort’s payout ratio is 19.23%.

Key Stories Impacting Monarch Casino & Resort

Here are the key news stories impacting Monarch Casino & Resort this week:

Positive Sentiment: Record quarterly performance: Monarch reported record third-quarter net revenue of $146.3 million, up 2.4% year over year, while adjusted EBITDA increased 2.1% to $56.0 million. Net income rose 1.4% to $32.0 million, and diluted EPS increased 4.1% to $1.76. For the first nine months, revenue grew 5.0%, net income climbed 17.4%, and diluted EPS advanced 21.1%. Monarch Casino Reports Record Third Quarter 2026 Financial Results
Positive Sentiment: Dividend declared: The company announced a quarterly cash dividend of $0.30 per share, equivalent to $1.20 annually and a yield of approximately 1.1%. The dividend will be paid December 15 to shareholders of record December 1, providing a modest shareholder-return benefit. Monarch Announces Quarterly Cash Dividend
Positive Sentiment: Potential M&A catalyst: Texas Capital remained bullish on MCRI and identified possible mergers or acquisitions as a catalyst, which could support investor interest if Monarch pursues expansion opportunities. Texas Capital Stays Bullish on Monarch
Negative Sentiment: Quarterly estimates missed: Diluted EPS of $1.76 was below consensus estimates ranging from $1.86 to $1.91, while revenue of approximately $146.3 million missed the $147.9 million forecast. The modest quarterly revenue and profit growth may not have been enough to offset the near-term disappointment, pressuring the stock despite the record results. Monarch Casino Q3 Earnings and Revenues Miss Estimates

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MCRI. Jefferies Financial Group restated a “hold” rating on shares of Monarch Casino & Resort in a research note on Thursday, July 2nd. Zacks Research raised shares of Monarch Casino & Resort from a “strong sell” rating to a “hold” rating in a report on Friday, September 18th. UBS Group set a $124.00 target price on shares of Monarch Casino & Resort in a research note on Thursday, July 2nd. Wall Street Zen cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Monarch Casino & Resort in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $123.40.

View Our Latest Report on Monarch Casino & Resort

Insider Transactions at Monarch Casino & Resort

In other Monarch Casino & Resort news, CEO John Farahi sold 5,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the chief executive officer owned 611,556 shares of the company’s stock, valued at $75,832,944. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Monarch Casino & Resort

A number of hedge funds and other institutional investors have recently bought and sold shares of MCRI. BlackRock Inc. bought a new position in shares of Monarch Casino & Resort during the second quarter valued at approximately $270,679,000. Wellington Management Group LLP raised its position in shares of Monarch Casino & Resort by 23.2% during the 2nd quarter. Wellington Management Group LLP now owns 188,715 shares of the company’s stock worth $24,837,000 after purchasing an additional 35,536 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Monarch Casino & Resort in the 2nd quarter worth approximately $16,778,000. Algert Global LLC lifted its holdings in shares of Monarch Casino & Resort by 10.7% in the 2nd quarter. Algert Global LLC now owns 104,304 shares of the company’s stock worth $13,727,000 after purchasing an additional 10,090 shares during the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Monarch Casino & Resort by 6.3% in the 1st quarter. Hillsdale Investment Management Inc. now owns 80,500 shares of the company’s stock worth $7,696,000 after purchasing an additional 4,800 shares during the last quarter. 62.37% of the stock is currently owned by institutional investors and hedge funds.

Monarch Casino & Resort Trading Down 2.6%

The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 17.99 and a beta of 1.37. The stock has a 50-day moving average of $118.62 and a 200-day moving average of $112.27.

Monarch Casino & Resort Company Profile

(Get Free Report)

Monarch Casino & Resort, Inc operates casino resorts in Nevada and Colorado. The company’s properties combine casino gaming with hotel accommodations, dining, entertainment and other hospitality services.

Its principal properties are Atlantis Casino Resort Spa in Reno, Nevada, and Monarch Casino Resort Spa in Black Hawk, Colorado. The resorts offer gaming facilities, restaurants and bars, hotel rooms and suites, spa services, meeting spaces and entertainment options. The company primarily serves regional visitors and destination guests in the western United States.

Monarch Casino & Resort traces its history to the opening of the Atlantis in Reno in 1972.