Monarch Casino & Resort Inc (MCRI) Stock AnalysisMCRIMonarch Casino & Resort Inc

Monarch Casino & Resort, Inc. owns and operates the Atlantis Casino Resort Spa, a hotel and casino in Reno, Nevada (Atlantis) and the Monarch Casino Resort Spa Black Hawk (Monarch Black Hawk), a hotel and casino in Black Hawk, Colorado. The Monarch Black Hawk features approximately 60,000 square feet of casino space; over 1,000 slot machines; over 43 table games; a live poker room; a keno counter and a sports book. The resort also includes over 10 bars and lounges. The Atlantis is located over three miles south of downtown, which features over 61,000 square feet of casino space; over 817 guest rooms and suites; eight food outlets; two gourmet coffee and pastry bars and one snack bar; a 30,000 square-foot health spa and salon with an enclosed year-round pool: one retail outlet offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center, and over 52,000 square feet of banquet, convention and meeting room space. It operates in the Consumer Cyclicals sector (HOTELS & MOTELS industry).

Monarch Casino & Resort Inc is currently not a strong buy. The stock is priced at $122.57, with an RSI of 36.84 indicating it is nearing oversold territory, but recent insider selling has increased by 193.58%. The forward P/E ratio is 19.19, which suggests it is fairly valued compared to its earnings growth. The main risk is the recent downgrade by Wells Fargo, which reflects concerns about limited near-term catalysts and a lack of significant revenue growth, as indicated by a 14.1% annual growth rate over the past five years, which is below sector standards.

5 analysts cover MCRI: 3 rate it Buy, 2 Hold and 0 Sell. The average price target is 100.00.