Media stories about Monarch Casino & Resort (NASDAQ:MCRI) have been trending positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Monarch Casino & Resort earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 48.0437445050408 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Monarch Casino & Resort, Inc. (MCRI) President Sells $459,848.28 in Stock (americanbankingnews.com)
- Monarch Casino & Resort, Inc. (MCRI) President Sells $91,970.60 in Stock (americanbankingnews.com)
- Monarch Casino & Resort, Inc. (MCRI) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Head to Head Analysis: Monarch Casino & Resort (MCRI) & Ameristar Casinos (ASCA) (americanbankingnews.com)
Shares of Monarch Casino & Resort (NASDAQ MCRI) opened at $45.40 on Wednesday. Monarch Casino & Resort has a 1 year low of $23.10 and a 1 year high of $46.51. The stock has a market cap of $801.01, a P/E ratio of 29.57 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.08 and a current ratio of 1.17.
Monarch Casino & Resort (NASDAQ:MCRI) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. Monarch Casino & Resort had a net margin of 11.99% and a return on equity of 11.25%. The firm had revenue of $63.03 million during the quarter, compared to analyst estimates of $60.05 million. equities research analysts anticipate that Monarch Casino & Resort will post 1.51 EPS for the current year.
A number of research analysts recently weighed in on MCRI shares. Imperial Capital lifted their price objective on shares of Monarch Casino & Resort from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 price objective on shares of Monarch Casino & Resort in a research report on Friday, July 28th. Zacks Investment Research upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, July 28th. BidaskClub downgraded shares of Monarch Casino & Resort from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, ValuEngine upgraded shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $53.25.
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In other news, President Bob Farahi sold 10,111 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $45.48, for a total value of $459,848.28. Following the sale, the president now directly owns 472,405 shares of the company’s stock, valued at approximately $21,484,979.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ben Farahi sold 18,600 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $43.76, for a total transaction of $813,936.00. Following the completion of the sale, the insider now directly owns 1,107,172 shares in the company, valued at $48,449,846.72. The disclosure for this sale can be found here. Insiders have sold a total of 65,822 shares of company stock valued at $2,874,609 over the last quarter. 27.56% of the stock is currently owned by company insiders.
About Monarch Casino & Resort
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.
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