Monarch Casino & Resort, Inc. (NASDAQ:MCRI) President Bob Farahi sold 12,242 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $46.13, for a total value of $564,723.46. Following the sale, the president now directly owns 378,074 shares of the company’s stock, valued at approximately $17,440,553.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, December 12th, Bob Farahi sold 16,000 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $46.62, for a total value of $745,920.00.
  • 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 Wednesday, November 15th, Bob Farahi sold 4,101 shares of Monarch Casino & Resort stock. The stock was sold at an average price of $45.51, for a total value of $186,636.51.
  • 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.

Monarch Casino & Resort, Inc. (MCRI) traded up $0.02 during trading hours on Wednesday, reaching $46.48. The company had a trading volume of 34,100 shares, compared to its average volume of 49,051. The stock has a market capitalization of $822.37, a price-to-earnings ratio of 30.57 and a beta of 1.10. Monarch Casino & Resort, Inc. has a 52-week low of $23.10 and a 52-week high of $47.92. 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 released its earnings results on Tuesday, October 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $63.03 million during 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 anticipate that Monarch Casino & Resort, Inc. will post 1.51 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. lifted its holdings in Monarch Casino & Resort by 40.3% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 319,068 shares of the company’s stock worth $9,651,000 after buying an additional 91,659 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Monarch Casino & Resort by 4.9% during the second quarter. Vanguard Group Inc. now owns 608,959 shares of the company’s stock worth $18,421,000 after purchasing an additional 28,267 shares in the last quarter. Northern Trust Corp increased its position in shares of Monarch Casino & Resort by 22.5% during the second quarter. Northern Trust Corp now owns 186,787 shares of the company’s stock worth $5,650,000 after purchasing an additional 34,321 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Monarch Casino & Resort by 36.5% during the second quarter. Goldman Sachs Group Inc. now owns 34,871 shares of the company’s stock worth $1,055,000 after purchasing an additional 9,322 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Monarch Casino & Resort by 27.5% during the second quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock worth $548,000 after purchasing an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 58.29% of the company’s stock.

Several research analysts have recently commented on MCRI shares. Union Gaming Research upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. UBS upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $53.25.

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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.

Insider Buying and Selling by Quarter for Monarch Casino & Resort (NASDAQ:MCRI)

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