Monarch Casino & Resort, Inc. (MCRI) President Sells $186,636.51 in Stock

Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 4,101 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $45.51, for a total value of $186,636.51. Following the completion of the transaction, the president now directly owns 450,070 shares in the company, valued at $20,482,685.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bob Farahi also recently made the following trade(s):

  • On Thursday, November 30th, Bob Farahi sold 26,200 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $47.21, for a total value of $1,236,902.00.
  • On Monday, November 20th, Bob Farahi sold 11,111 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.17, for a total value of $512,994.87.
  • On Friday, November 17th, Bob Farahi sold 3,000 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.04, for a total value of $138,120.00.
  • On Friday, November 10th, Bob Farahi sold 2,020 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $45.53, for a total value of $91,970.60.
  • On Wednesday, November 8th, Bob Farahi sold 91 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.20, for a total value of $4,204.20.
  • On Monday, November 13th, Bob Farahi sold 10,111 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $45.48, for a total value of $459,848.28.

Shares of Monarch Casino & Resort, Inc. (NASDAQ:MCRI) opened at $46.23 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.08. The company has a market capitalization of $818.32, a price-to-earnings ratio of 30.41 and a beta of 1.10. Monarch Casino & Resort, Inc. has a one year low of $23.10 and a one year high of $47.92.

Monarch Casino & Resort (NASDAQ:MCRI) last posted 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 company had revenue of $63.03 million for 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%. equities analysts forecast that Monarch Casino & Resort, Inc. will post 1.51 earnings per share for the current year.

Several analysts have recently weighed in on the company. ValuEngine lowered Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub raised Monarch Casino & Resort from a “sell” rating to a “hold” rating in a report on Friday, August 11th. UBS raised Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report 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 objective on the stock in a report on Wednesday, October 11th. Finally, Union Gaming Research 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 stock. Monarch Casino & Resort has a consensus rating of “Buy” and an average target price of $53.25.

A number of institutional investors have recently bought and sold shares of the business. AMP Capital Investors Ltd acquired a new position in Monarch Casino & Resort in the third quarter worth $241,000. Schwab Charles Investment Management Inc. raised its position in shares of Monarch Casino & Resort by 90.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 49,147 shares of the company’s stock worth $1,943,000 after acquiring an additional 23,347 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Monarch Casino & Resort by 9.7% during the third quarter. Wells Fargo & Company MN now owns 49,754 shares of the company’s stock worth $1,967,000 after acquiring an additional 4,390 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Monarch Casino & Resort by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 1,066,464 shares of the company’s stock worth $41,454,000 after acquiring an additional 3,567 shares during the last quarter. Finally, EAM Investors LLC bought a new stake in shares of Monarch Casino & Resort during the third quarter worth $2,200,000. 58.33% of the stock is currently owned by institutional investors.

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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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