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Monarch Casino & Resort
(NASDAQ:MCRI)
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Rating:78Outperform
Price Target:
$131.00
▲(5.89% Upside)
Action:Reiterated
Date:10/28/26
The score is driven primarily by strong financial performance—high margins, strong cash generation, and an exceptionally low-leverage balance sheet. Corporate actions (dividend plus buybacks) reinforce balance-sheet strength and shareholder returns. Offsetting these positives, technical indicators show weaker near-term momentum with the stock below key moving averages and a negative MACD, while valuation is reasonable but not notably cheap given the P/E and modest yield.
Positive Factors
Sustained Growth and Profitability
Steady revenue expansion alongside strong gross and net margins indicates durable customer demand and effective cost control. This combination gives Monarch capacity to fund property investment, absorb moderate operating pressure, and preserve earnings quality over the next several quarters.
Negative Factors
Recent Margin Softening
Although profitability remains strong, easing EBITDA and EBIT margins could reduce operating leverage if costs continue to rise or business mix shifts toward lower-margin activity. Sustained margin pressure would limit earnings growth even if revenue continues to increase.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Growth and Profitability
Steady revenue expansion alongside strong gross and net margins indicates durable customer demand and effective cost control. This combination gives Monarch capacity to fund property investment, absorb moderate operating pressure, and preserve earnings quality over the next several quarters.
Read all positive factors
Monarch Casino & Resort Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down where the company earns money—gaming, rooms, food & beverage, entertainment and other services—revealing which areas drive growth, which have higher margins, and how dependent the business is on discretionary spending or tourism trends.
Breaks down where the company earns money—gaming, rooms, food & beverage, entertainment and other services—revealing which areas drive growth, which have higher margins, and how dependent the business is on discretionary spending or tourism trends.
Data provided by:
The Fly
The FlyMonarch Casino & Resort (MCRI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.01B
Dividend Yield1.07%
Average Volume (3M)169.59K
Price to Earnings (P/E)17.4
Beta (1Y)0.62
Revenue Growth4.78%
EPS Growth13.86%
CountryUS
Employees2,740
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)6.44
Shares Outstanding17,922,522
10 Day Avg. Volume144,141
30 Day Avg. Volume169,587
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)3.26
Price to Sales (P/S)3.21
P/FCF Ratio13.63
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue3.47
Enterprise Value/Gross Profit7.50
Enterprise Value/Ebitda11.23
Forecast
1Y Price Target
$128.00Price Target Upside3.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)6.84
Revenue Forecast (FY)$570.13M
Monarch Casino & Resort Business Overview & Revenue Model
Company Description
Monarch Casino & Resort, Inc. (MCRI) is a company that, through its various subsidiaries, owns and manages two prominent hotel and casino destinations: the Atlantis Casino Resort Spa in Reno, Nevada, and the Monarch Casino Resort Spa Black Hawk lo...
How the Company Makes Money
MCRI generates revenue primarily by operating casino resorts and monetizing customer spend across gaming and non-gaming offerings. (1) Casino gaming is a core revenue stream, where the company earns gaming win from table games and slot machines (i...
Monarch Casino & Resort Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
88
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 565.41M | 545.13M | 522.19M | 501.48M | 477.87M | 395.38M |
| Gross Profit | 261.63M | 246.03M | 280.82M | 269.18M | 259.59M | 217.66M |
| EBITDA | 174.66M | 185.39M | 143.86M | 157.45M | 154.88M | 128.31M |
| Net Income | 115.06M | 101.39M | 72.77M | 82.45M | 87.48M | 68.49M |
Balance Sheet | ||||||
| Total Assets | 736.06M | 712.85M | 691.58M | 680.87M | 692.94M | 690.46M |
| Cash, Cash Equivalents and Short-Term Investments | 137.41M | 96.47M | 58.76M | 43.36M | 38.78M | 33.53M |
| Total Debt | 12.60M | 25.58M | 14.06M | 20.42M | 20.56M | 102.39M |
| Total Liabilities | 166.58M | 175.18M | 173.84M | 167.73M | 153.99M | 242.44M |
| Stockholders Equity | 569.47M | 537.67M | 517.75M | 513.14M | 538.95M | 448.01M |
Cash Flow | ||||||
| Free Cash Flow | 100.75M | 128.43M | 93.28M | 124.04M | 100.29M | 81.17M |
| Operating Cash Flow | 117.38M | 164.75M | 140.71M | 173.05M | 139.77M | 128.10M |
| Investing Cash Flow | -15.70M | -37.17M | -43.79M | -51.23M | -47.97M | -37.79M |
| Financing Cash Flow | -71.06M | -89.87M | -81.53M | -117.24M | -86.54M | -85.10M |
Monarch Casino & Resort Technical Analysis
Negative
123.71
Price Trends
118.56
Negative
121.82
Negative
112.13
Positive
Market Momentum
-1.38
Negative
39.33
Neutral
59.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MCRI, the sentiment is Negative. The current price of 123.71 is above the 20-day moving average (MA) of 115.23, above the 50-day MA of 118.56, and above the 200-day MA of 112.13, indicating a neutral trend. The MACD of -1.38 indicates Negative momentum. The RSI at 39.33 is Neutral, neither overbought nor oversold. The STOCH value of 59.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MCRI.
Monarch Casino & Resort Risk Analysis
Monarch Casino & Resort disclosed 34 risk factors in its most recent earnings report. Monarch Casino & Resort reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Monarch Casino & Resort Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $2.01B | 17.43 | 20.60% | 1.07% | 4.78% | 13.86% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | $5.08B | 12.42 | 91.10% | 4.21% | 0.86% | -3.37% | |
57 Neutral | $5.14B | 10.69 | 19.89% | 1.10% | 0.33% | -71.04% | |
52 Neutral | $1.97B | -2.32 | -48.48% | 5.71% | 6.14% | -1168.84% | |
52 Neutral | $5.82B | -10.90 | -15.71% | ― | 3.08% | -128.00% | |
45 Neutral | $31.35M | -0.84 | 7622.52% | ― | 2.76% | 11.27% |
* Consumer Cyclical Sector Average
MCRI
Monarch Casino & Resort
112.26
23.56
26.56%
BYD
Boyd Gaming
70.77
-5.90
-7.70%
FLL
Full House Resorts
0.86
-1.58
-64.81%
PENN
PENN Entertainment
14.72
-1.87
-11.27%
CZR
Caesars Entertainment
28.57
9.93
53.27%
RRR
Red Rock Resorts
48.42
-3.63
-6.97%
Monarch Casino & Resort Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Monarch Casino Declares Quarterly Dividend Amid Record Results
Positive
Oct 28, 2026
Monarch Casino Resort reported record results for the third quarter ended September 30, 2026, with net revenue rising 2.4% year-over-year to $146.3 million and adjusted EBITDA up 2.1% to $56.0 million. Net income increased 1.4% to $32.0 million, ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.