Monarch Casino & Resort, Inc. (MCRI) Stock Price & Analysis
Monarch Casino & Resort, Inc. (MCRI) closed at USD 112.68 on Friday, October 23, 2026, down 0.72% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 113.5; the Oct 23, 2026 session ranged USD 111.8–113.68 on volume of 142,490 shares. Market capitalization is $2.02B, with a 52-week range of USD 88.13–135.93 (NMS). Source: Nexqual, retrieved October 24, 2026 at 00:35 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MCRI.md
Key facts (MCRI)
- Last four reported quarters (through Jun 30, 2026): revenue $562M, net income $115M (20.4% margin), free cash flow $154M (SEC filings).
- Valuation: P/E 17.6x (avg 18.2x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $1.2M; 2 not under a Rule 10b5-1 plan ($1.2M); 2 by opportunistic insiders (2 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.83 on a 1–5 scale) (6 analysts), mean target USD 126.5 (range 114–144).
- Total return with dividends: 1Y +25.2% vs S&P 500 +14.0%; 5Y +75.4% vs S&P 500 +76.9%.
- Next earnings: 2026-10-27, EPS estimate USD 1.8, revenue estimate $148M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MCRI)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $395M | $478M | $501M | $522M | $545M | $562M |
| Gross profit | $89.9M | $111M | $110M | $92.5M | $127M | — |
| Net income | $68.5M | $87.5M | $82.4M | $72.8M | $101M | $115M |
| EPS (diluted) | $3.53 | $4.47 | $4.20 | $3.84 | $5.43 | — |
| Free cash flow | $81.2M | $100M | $124M | $93.3M | $128M | $154M |
| Gross margin | 22.7% | 23.3% | 22.0% | 17.7% | 23.4% | — |
| Net margin | 17.3% | 18.3% | 16.4% | 13.9% | 18.6% | 20.4% |
| Revenue growth | +114.4% | +20.9% | +4.9% | +4.1% | +4.4% | — |
| Cash + short-term investments | $33.5M | $38.8M | $43.4M | $58.8M | $96.5M | — |
| Total debt | $68.2M | — | $5.5M | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MCRI)
P/E 17.6x · P/S 3.6x · P/FCF 13.1x · P/B 3.5x · FCF yield 7.64% · Earnings yield 5.68% · Dividend yield (paid, TTM) 1.07% · Buyback yield (TTM) 3.48%
P/E at fiscal year-ends: Dec 2025 17.6x, Dec 2024 20.6x, Dec 2023 16.5x.
Insider sales (SEC Form 4, open-market, last ~7 months) (MCRI)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Farahi John | CEO | 5,000 | $620K | 0.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-28 | Farahi John | CEO | 5,000 | $604K | 0.2% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (MCRI)
Consensus Hold (mean 2.83 on a 1–5 scale), 6 analysts; mean target USD 126.5 (low 114, high 144).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-07 | Macquarie | Target lowered | Neutral | $128 → $125 |
| 2026-08-17 | Macquarie | Target raised | Neutral | $125 → $128 |
| 2026-07-21 | Wells Fargo | Target lowered | Equal-Weight | $116 → $114 |
| 2026-07-21 | Stifel | Target raised | Hold | $102 → $128 |
| 2026-07-20 | Truist Securities | Target raised | Buy | $125 → $144 |
| 2026-07-14 | Wells Fargo | Target raised | Equal-Weight | $99 → $116 |
Total return (dividends reinvested) (MCRI)
| 1Y (from 2025-10-24) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +25.2% | +75.4% |
| S&P 500 (SPY) | +14.0% | +76.9% |
| Per year | +25.4% | +11.9% |
| Volatility (annualized) | 25.0% | 30.2% |
| Max drawdown | -15.3% (Jun 2026→Oct 2026) | -37.6% (Mar 2022→Sep 2022) |
MCRI revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Casino | $81.5M | 57.2% | +2.5% |
| Food & Beverage | $33.2M | 23.3% | +3.1% |
| Occupancy | $21.6M | 15.1% | +13.0% |
| Hotel Other | $6.3M | 4.4% | +4.5% |
| Total revenue | $142.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MCRI suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Monarch Black Hawk | “In connection with the expansion of the Monarch Black Hawk and the related disputes described above, our general contractor PCL and certain subcontractors have provided Monarch with notice of purported liens against the Monarch Black Hawk and some subcontractors have recorded such liens.” |
| Supplier | PCL Construction Services | “In connection with the expansion of the Monarch Black Hawk and the related disputes described above, our general contractor PCL and certain subcontractors have provided Monarch with notice of purported liens against the Monarch Black Hawk and some subcontractors have recorded such liens.” |
Quoted from the company's 10-K filed Feb 24, 2026.
MCRI company outlook (results filed Jul 21, 2026)
- “Capital expenditures of $5 million in the second quarter of 2026 were funded from operating cash flow and included costs related to ongoing maintenance capital projects at both properties.”
Quoted word-for-word from the SEC 8-K results press release.
MCRI analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.79 | $1.70 | +5.6% | $148.1M | 2 |
| Next quarter (ends Dec 2026) | $1.70 | $1.64 | +3.7% | $143.0M | 2 |
| Current fiscal year (ends Dec 2026) | $6.64 | $6.67 | -0.4% | $570.2M | 1 |
| Next fiscal year (ends Dec 2027) | $6.89 | $6.89 | +0.0% | $581.4M | 2 |
MCRI options: expected move
Options price a move of about ±9.4% (±$10.63) by Nov 20, 2026, which includes earnings on Oct 27, 2026. Over the last 8 reports the stock moved ±9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 41.7% | ±9.4% |
| Dec 18, 2026 | 56 | 30.8% | ±9.8% |
| Mar 19, 2027 | 147 | 28.4% | ±14.5% |
| Jun 17, 2027 | 237 | 28.6% | ±18.4% |
30-day implied volatility 37.6% vs 16.9% realized over the last 30 trading days. Put/call ratio (volume) —. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 24, 2026 at 00:35 UTC)
| Price | USD 112.68 |
|---|---|
| Change | ▼ 0.72% (down) |
| Previous Close | USD 113.5 |
| Open | USD 112.79 |
| Day Range | USD 111.8 – 113.68 |
| 52-Week Range | USD 88.13 – 135.93 |
| Volume | 142,490 shares |
| Market Cap | $2.02B |
| Exchange | NMS |
Technical Analysis (MCRI)
Nexqual's technical model rates MCRI "STRONG SELL" based on 0 bullish and 5 bearish signals across 126 daily candles, as of October 24, 2026 at 00:35 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 38.59 (neutral) |
| vs SMA50 | Below (USD 119.37) |
| MACD | -1.66 (negative) |
Analyst Ratings (MCRI)
Wall Street analysts rate MCRI "Hold" based on 6 analysts, with a mean price target of USD 126.5 (range USD 114–144), per Nexqual as of October 24, 2026 at 00:35 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 6 |
| Mean Target | USD 126.5 |
| High Target | USD 144 |
| Low Target | USD 114 |
| Buy / Hold / Sell | 1 / 5 / 0 |
Earnings (MCRI)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 1.8 |
| Revenue Estimate | $148.05M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.85 vs est 1.71 ▲ beat |
| 2026-03-31 | USD 1.58 vs est 1.16 ▲ beat |
| 2025-12-31 | USD 1.55 vs est 1.42 ▲ beat |
| 2025-09-30 | USD 1.71 vs est 1.56 ▲ beat |
Source: Nexqual, October 24, 2026 at 00:35 UTC.
Financials & Fundamentals (MCRI)
| Total Revenue | $561.96M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.20% |
| Gross Margin | +68.02% |
| Operating Margin | +27.44% |
| Profit Margin | +20.40% |
| ROE | +20.54% |
| Debt / Equity | 0.02 |
| Current Ratio | 1.21 |
| Total Cash | $138.26M |
| Total Debt | $12.79M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $154.30M (27.5% of revenue) |
Source: Nexqual, October 24, 2026 at 00:35 UTC.
Financial Health Score (MCRI)
Nexqual rates Monarch Casino & Resort, Inc.'s overall financial health "Strong" across five dimensions, as of October 24, 2026 at 00:35 UTC.
| Growth | Mixed — Revenue +4.4% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 68%, operating 27% (last 12 months) |
| Balance Sheet | Strong — $138M cash vs $13M debt, net cash position |
| Cash Flow | Strong — FCF $154M (last 4 quarters to Jun 2026, SEC), 27% margin |
| Efficiency | Strong — ROE 21%, ROA 12.9% |
Ownership (MCRI)
| Insider Ownership | +32.48% |
|---|---|
| Institutional Ownership | +67.14% |
| Shares Outstanding | 17.92M |
| Float | 12.10M |
| Short % of Float | +5.77% |
Source: Nexqual, October 24, 2026 at 00:35 UTC.
Leadership (MCRI)
Monarch Casino & Resort, Inc. is led by John Farahi, Co-Chairman, CEO & Secretary, per Nexqual as of October 24, 2026 at 00:35 UTC.
| Co-Chairman, CEO & Secretary | John Farahi |
|---|---|
| Co-Chairman & President | Bahram Farahi |
| Vice President of Finance and Treasurer | Richard L. Cooley |
Major Backers & Investors (MCRI)
Notable institutional backers of Monarch Casino & Resort, Inc. include American Century Companies Inc, Davenport & Co LLC, JPMorgan, according to Nexqual as of October 24, 2026 at 00:35 UTC.
Active Investors
| Investor | Stake |
|---|---|
| American Century Companies Inc | 3.12% |
| Davenport & Co LLC | 2.76% |
| JPMorgan | 2.47% |
| Fuller & Thaler Asset Management Inc. | 1.9% |
| Capitol Series Trust-FullerThaler Behavioral Small-Cap Equity Fund | 1.82% |
| Price (T.Rowe) Associates Inc | 1.8% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.48% |
| Vanguard Group | 5.19% |
| State Street | 2.89% |
| Geode Capital | 2.38% |
Source: Nexqual, October 24, 2026 at 00:35 UTC.
From Monarch Casino & Resort, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- The Black Hawk/Central City area gaming market generated approximately $936 million in gaming revenues for the twelve months ended December 31, 2025, according to the Colorado Division of Gaming.
- Based on information obtained from the December 31, 2025 Gaming Revenue Report published by the Nevada Gaming Control Board, there are approximately 13 casinos in the Reno-Sparks area which each generated more than $12.0 million in annual gaming revenues.
- We are the only hotel-casino physically connected to the Reno-Sparks Convention Center.
Partnerships
- The Company also offers team members up to $6,000 in annual tuition reimbursement for educational courses and/or certifications related to their performance.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PENN | PENN Entertainment, Inc. | USD 14.5 | ▼ 6.21% |
| HGV | Hilton Grand Vacations Inc. | USD 35.89 | ▼ 3.21% |
| MLCO | Melco Resorts & Entertainment L | USD 3.73 | ▼ 5.81% |
| VAC | Marriott Vacations Worldwide Co | USD 109.31 | ▼ 3.21% |
| RRR | Red Rock Resorts, Inc. | USD 49.61 | ▼ 1.63% |
| BYD | Boyd Gaming Corporation | USD 71.69 | ▼ 0.8% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 24, 2026 at 00:35 UTC. This page is informational and not investment advice.
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