Monarch Casino & Resort (NASDAQ:MCRI) Stock Price Expected to Rise, Truist Financial Analyst Says

Monarch Casino & Resort (NASDAQ:MCRI) had its price objective upped by Truist Financial from $125.00 to $144.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 22.61% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company lifted their price target on shares of Monarch Casino & Resort from $99.00 to $116.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Weiss Ratings restated a “buy (b)” rating on shares of Monarch Casino & Resort in a report on Wednesday, May 27th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Monarch Casino & Resort in a research report on Thursday, July 2nd. UBS Group set a $124.00 target price on shares of Monarch Casino & Resort in a research note on Thursday, July 2nd. Finally, Wall Street Zen upgraded Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $124.40.

Monarch Casino & Resort Price Performance

NASDAQ MCRI opened at $117.45 on Monday. Monarch Casino & Resort has a one year low of $88.13 and a one year high of $135.93. The firm has a market cap of $2.08 billion, a P/E ratio of 18.82 and a beta of 1.29. The stock’s 50-day moving average is $124.44 and its 200-day moving average is $107.75.

Monarch Casino & Resort (NASDAQ:MCRI) last issued its quarterly earnings data on Monday, July 20th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. Monarch Casino & Resort had a return on equity of 20.90% and a net margin of 20.40%.The business had revenue of $142.60 million during the quarter, compared to analyst estimates of $142.85 million. Equities analysts anticipate that Monarch Casino & Resort will post 7.07 EPS for the current year.

Insiders Place Their Bets

In other news, CEO John Farahi sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $120.84, for a total transaction of $604,200.00. Following the completion of the transaction, the chief executive officer directly owned 616,556 shares of the company’s stock, valued at $74,504,627.04. This trade represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.34% of the stock is currently owned by company insiders.

Institutional Trading of Monarch Casino & Resort

Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its position in Monarch Casino & Resort by 210.0% in the second quarter. Osaic Holdings Inc. now owns 465 shares of the company’s stock valued at $40,000 after purchasing an additional 315 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Monarch Casino & Resort in the 4th quarter valued at $40,000. GAMMA Investing LLC lifted its position in Monarch Casino & Resort by 12.1% during the 4th quarter. GAMMA Investing LLC now owns 984 shares of the company’s stock worth $94,000 after buying an additional 106 shares in the last quarter. Parallel Advisors LLC lifted its position in Monarch Casino & Resort by 191.3% during the 1st quarter. Parallel Advisors LLC now owns 1,136 shares of the company’s stock worth $109,000 after buying an additional 746 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Monarch Casino & Resort by 69.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,275 shares of the company’s stock worth $110,000 after buying an additional 524 shares during the last quarter. Institutional investors own 62.37% of the company’s stock.

Key Stories Impacting Monarch Casino & Resort

Here are the key news stories impacting Monarch Casino & Resort this week:

• Positive Sentiment: Monarch Casino reported record Q2 2026 results, with revenue of $142.6 million, EPS of $1.78, and adjusted EBITDA of $53.0 million, all above or in line with expectations. The company said growth came from higher casino, food & beverage, and hotel revenue. Article Title
• Positive Sentiment: The company declared another quarterly cash dividend of $0.30 per share, signaling continued capital returns and confidence in cash flow. Article Title
• Positive Sentiment: Monarch also confirmed it is evaluating M&A opportunities, which could raise expectations for strategic value creation. Article Title
• Positive Sentiment: Truist raised its price target on MCRI to $144 from $125 and kept a buy rating, reinforcing the bullish reaction to the earnings beat and dividend announcement. Article Title
• Neutral Sentiment: Management highlighted a strong balance sheet, with $138.3 million in cash and no borrowings on the credit facility, which supports flexibility but is not an immediate catalyst. Article Title
• Neutral Sentiment: Some investors may be watching litigation and construction-related risks tied to the Black Hawk property, which remain a longer-term overhang on the story. Article Title

About Monarch Casino & Resort

Monarch Casino & Resort, Inc is a publicly traded owner and operator of an integrated casino resort in Reno, Nevada. The company’s flagship property, the Atlantis Casino Resort Spa, features a full-service casino floor with table games, slot machines, and sports betting, complemented by a diverse portfolio of amenities. Guests can choose from over 800 rooms and suites, dine at multiple on-site restaurants and bars, unwind at the full-service spa and salon, or enjoy live entertainment in the property’s showroom.

Monarch’s revenue streams are diversified across gaming operations, hotel accommodations, food and beverage services, and convention and meeting facilities.