Monarch Casino & Resort (NASDAQ:MCRI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.

A number of other analysts have also recently weighed in on the stock. ValuEngine raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Jefferies Group assumed coverage on shares of Monarch Casino & Resort in a report on Thursday, January 18th. They issued an “underperform” rating and a $39.00 price objective on the stock. Zacks Investment Research cut shares of Monarch Casino & Resort from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Union Gaming Research raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Finally, UBS Group raised shares of Monarch Casino & Resort from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. Monarch Casino & Resort currently has an average rating of “Buy” and an average target price of $50.40.

Shares of Monarch Casino & Resort (NASDAQ:MCRI) opened at $43.14 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 1.08. Monarch Casino & Resort has a twelve month low of $23.41 and a twelve month high of $47.92. The firm has a market cap of $766.26, a PE ratio of 28.48 and a beta of 1.15.

In related news, President Bob Farahi sold 26,200 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $47.21, for a total value of $1,236,902.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 82,765 shares of company stock worth $3,845,145. Corporate insiders own 27.56% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MCRI. LS Investment Advisors LLC acquired a new position in Monarch Casino & Resort during the 4th quarter valued at about $100,000. SG Americas Securities LLC acquired a new position in Monarch Casino & Resort during the 4th quarter valued at about $136,000. Cornerstone Capital Management Holdings LLC. acquired a new position in Monarch Casino & Resort during the 2nd quarter valued at about $156,000. Macquarie Group Ltd. acquired a new position in Monarch Casino & Resort during the 3rd quarter valued at about $171,000. Finally, Thrivent Financial For Lutherans acquired a new position in Monarch Casino & Resort during the 2nd quarter valued at about $201,000. 58.40% of the stock is currently owned by hedge funds and other institutional investors.

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Monarch Casino & Resort Company Profile

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.

Analyst Recommendations for Monarch Casino & Resort (NASDAQ:MCRI)

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