Monarch Casino & Resort, Inc. (NASDAQ:MCRI – Get Free Report) CEO John Farahi sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $68.00, for a total transaction of $136,000.00. Following the completion of the transaction, the chief executive officer now directly owns 525,310 shares in the company, valued at approximately $35,721,080. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Monarch Casino & Resort Price Performance
NASDAQ MCRI traded up $0.02 during trading on Friday, reaching $68.13. 127,352 shares of the company’s stock traded hands, compared to its average volume of 127,999. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 16.11 and a beta of 1.70. The company’s 50 day simple moving average is $67.55 and its two-hundred day simple moving average is $68.82. Monarch Casino & Resort, Inc. has a 12-month low of $56.25 and a 12-month high of $75.40.
Monarch Casino & Resort (NASDAQ:MCRI – Get Free Report) last posted its earnings results on Wednesday, April 17th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.05). The business had revenue of $121.66 million for the quarter, compared to analysts’ expectations of $122.13 million. Monarch Casino & Resort had a net margin of 16.40% and a return on equity of 17.13%. Research analysts expect that Monarch Casino & Resort, Inc. will post 4.46 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
MCRI has been the topic of several recent analyst reports. StockNews.com raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. Macquarie raised their price target on shares of Monarch Casino & Resort from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th.
Get Our Latest Stock Report on Monarch Casino & Resort
Monarch Casino & Resort Company Profile
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada. It also owns and operates the Monarch Casino Resort Spa Black Hawk in Black Hawk, Colorado. The company was incorporated in 1993 and is based in Reno, Nevada.
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