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Initiation
Monarch Casino resumed with a Buy at Stifel » 16:24
12/09/20
12/09
16:24
12/09/20
16:24
MCRI

Monarch Casino

$54.08 /

+ (+0.00%)

Stifel analyst Steven…

Stifel analyst Steven Wieczynski resumed coverage of Monarch Casino with a Buy rating and $63 price target. The analyst notes that the stock has outperformed since Stifel suspended coverage, posting resilient regional gaming trends, while the improving news regarding a COVID vaccine is likely to outweigh the concerns with surging cases. Wieczynski adds that some near term risk exists for Monarch Casino shares, but he expects investors to remain focused on the post-vaccine outlook, where the company appears well-positioned.

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MCRI Monarch Casino
$54.08 /

+ (+0.00%)

12/02/20 Macquarie
Monarch Casino price target raised to $58 from $50 at Macquarie
11/30/20 Truist
Monarch Casino price target raised to $65 from $60 at Truist
09/24/20 Truist
Truist raises price targets on select Gaming names
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
MCRI Monarch Casino
$54.08 /

+ (+0.00%)

Recommendations
Monarch Casino price target raised to $58 from $50 at Macquarie » 06:58
12/02/20
12/02
06:58
12/02/20
06:58
MCRI

Monarch Casino

$56.12 /

+0.87 (+1.57%)

Macquarie analyst Chad…

Macquarie analyst Chad Beynon raised the firm's price target on Monarch Casino to $58 from $50 and keeps an Outperform rating on the shares. Following new U.S. restrictions, regional casino profitability is likely to slow in December following the "record setting" Q3 performance, Beynon tells investors in a research note. However, there's still value in the gaming sector as sports betting and internet gaming continue to set new highs, says the analyst.

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MCRI Monarch Casino
$56.12 /

+0.87 (+1.57%)

11/30/20 Truist
Monarch Casino price target raised to $65 from $60 at Truist
09/24/20 Truist
Truist raises price targets on select Gaming names
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
MCRI Monarch Casino
$56.12 /

+0.87 (+1.57%)

Recommendations
Monarch Casino price target raised to $65 from $60 at Truist » 08:56
11/30/20
11/30
08:56
11/30/20
08:56
MCRI

Monarch Casino

$56.51 /

+2.16 (+3.97%)

Truist analyst Barry…

Truist analyst Barry Jonas raised the firm's price target on Monarch Casino to $65 from $60 and keeps a Buy rating on the shares as part of a broader research note into Gaming. The analyst notes that while the same-store gross gaming revenue in October was down 13% - consistent with September - the resurgence of COVID cases and operating restrictions will impact Q4 "more negatively". Nevertheless, Jonas contends that investors will look through these headwinds and focus on the post-vaccine pent-up demand, post-election opportunities, and the sports betting upside.

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MCRI Monarch Casino
$56.51 /

+2.16 (+3.97%)

09/24/20 Truist
Truist raises price targets on select Gaming names
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
MCRI Monarch Casino
$56.51 /

+2.16 (+3.97%)

Earnings
Monarch Casino reports Q3 EPS 57c, consensus 19c » 16:15
10/29/20
10/29
16:15
10/29/20
16:15
MCRI

Monarch Casino

$41.40 /

-0.6 (-1.43%)

Reports Q3 revenue…

Reports Q3 revenue $59.87M, consensus $47.88M. John Farahi, co-chairman and CEO of Monarch, commented: "Our business continued its recovery throughout the third quarter of 2020 as we grew gaming revenue 9%, strengthened adjusted EBITDA margins to 34.5%, and delivered all-time record quarterly adjusted EBITDA of $20.7 million. Third quarter net revenue declined 9% as capacity and other COVID-related constraints impacted visitation and our ability to offer our guests a full range of services and amenities, particularly in hotel and food and beverage. However, operating under COVID restrictions gave us an opportunity to streamline our cost structure and achieve operational efficiencies, resulting in strong adjusted EBITDA and adjusted EBITDA margin."

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MCRI Monarch Casino
$41.40 /

-0.6 (-1.43%)

09/24/20 Truist
Truist raises price targets on select Gaming names
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
MCRI Monarch Casino
$41.40 /

-0.6 (-1.43%)

Over a quarter ago
Recommendations
Truist raises price targets on select Gaming names » 09:20
09/24/20
09/24
09:20
09/24/20
09:20
BYD

Boyd Gaming

$27.67 /

-1.05 (-3.66%)

, CZR

Caesars

$54.77 /

-3.37 (-5.80%)

, MCRI

Monarch Casino

$44.22 /

-2.27 (-4.88%)

, PENN

Penn National

$69.10 /

-5.24 (-7.05%)

, MGM

MGM Resorts

$21.38 /

-0.25 (-1.16%)

Truist analyst Barry…

Truist analyst Barry Jonas is raising his price targets across select Gaming names in a sector research note, with Boyd Gaming (BYD) target up $35 from $28, Caesar's Entertainment (CZR) up to $70 from $50, Monarch Casino (MCRI) up to $57 from $50, MGM Resorts (MGM) up to $24 from $18, and Penn National Gaming (PENN) up to $85 from $62. The analyst notes that August gross gaming revenue was "resilient" on a same-store basis despite concerns around pent-up demand and extended unemployment tailing off. The margin expansion narrative "appears to be holding" for the regional operations, Jonas tells investors in a research note.

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PENN Penn National
$69.10 /

-5.24 (-7.05%)

MGM MGM Resorts
$21.38 /

-0.25 (-1.16%)

CZR Caesars
$54.77 /

-3.37 (-5.80%)

BYD Boyd Gaming
$27.67 /

-1.05 (-3.66%)

BYD Boyd Gaming
$27.67 /

-1.05 (-3.66%)

09/24/20 Macquarie
Boyd Gaming price target raised to $35 from $33 at Macquarie
09/09/20 JPMorgan
Boyd Gaming price target raised to $40 from $30 at JPMorgan
08/28/20 Union Gaming
Boyd Gaming upgraded to Buy from Hold at Union Gaming
07/29/20 JPMorgan
Boyd Gaming price target raised to $30 from $24 at JPMorgan
CZR Caesars
$54.77 /

-3.37 (-5.80%)

09/24/20 Macquarie
Penn National downgraded to Neutral from Outperform at Macquarie
09/22/20 Roth Capital
Caesars value creation of $38/share through spinoff likely this year, says Roth
09/22/20 Deutsche Bank
Caesars price target raised to $65 from $50 at Deutsche Bank
09/14/20 Jefferies
ESPN deal positive for both Caesars and DraftKings, says Jefferies
MCRI Monarch Casino
$44.22 /

-2.27 (-4.88%)

05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
04/06/20 Jefferies
Eldorado has 'considerable upside' from Caesars merger, says Jefferies
PENN Penn National
$69.10 /

-5.24 (-7.05%)

09/24/20 Macquarie
Penn National downgraded to Neutral from Outperform at Macquarie
09/22/20 Morgan Stanley
Barstool Sportsbook app 'bullish' for the sector, says Morgan Stanley
09/17/20 Stifel
Penn National price target raised to $85 from $47 at Stifel
MGM MGM Resorts
$21.38 /

-0.25 (-1.16%)

09/24/20 Macquarie
MGM Resorts price target raised to $30 from $27 at Macquarie
09/16/20
Fly Intel: Top five analyst downgrades
09/16/20 Roth Capital
MGM Resorts downgraded to Neutral from Buy at Roth Capital
09/14/20
Fly Intel: Top five analyst downgrades
PENN Penn National
$69.10 /

-5.24 (-7.05%)

MGM MGM Resorts
$21.38 /

-0.25 (-1.16%)

MCRI Monarch Casino
$44.22 /

-2.27 (-4.88%)

CZR Caesars
$54.77 /

-3.37 (-5.80%)

BYD Boyd Gaming
$27.67 /

-1.05 (-3.66%)

  • 25
    Sep
  • 12
    May
PENN Penn National
$69.10 /

-5.24 (-7.05%)

MGM MGM Resorts
$21.38 /

-0.25 (-1.16%)

CZR Caesars
$54.77 /

-3.37 (-5.80%)

BYD Boyd Gaming
$27.67 /

-1.05 (-3.66%)

PENN Penn National
$69.10 /

-5.24 (-7.05%)

MGM MGM Resorts
$21.38 /

-0.25 (-1.16%)

CZR Caesars
$54.77 /

-3.37 (-5.80%)

BYD Boyd Gaming
$27.67 /

-1.05 (-3.66%)

PENN Penn National
$69.10 /

-5.24 (-7.05%)

MGM MGM Resorts
$21.38 /

-0.25 (-1.16%)

CZR Caesars
$54.77 /

-3.37 (-5.80%)

BYD Boyd Gaming
$27.67 /

-1.05 (-3.66%)

Earnings
Monarch Casino reports Q2 EPS (24c), consensus (65c) » 16:07
07/22/20
07/22
16:07
07/22/20
16:07
MCRI

Monarch Casino

$34.42 /

-0.45 (-1.29%)

Reports Q2 revenue…

Reports Q2 revenue $15.16M, consensus $13.15M. John Farahi, co-chairman and CEO of Monarch, commented: "Following the state-mandated closure of our properties in mid-March, we took immediate steps to ensure that our Company preserved its financial flexibility to manage through the nearly three-month shutdown. We reduced expenses throughout the Company and worked with our bankers to secure the necessary amendments to our credit facility. Thanks to the commitment and sacrifices of our dedicated team, along with the support of our bankers, Monarch was well prepared to carry on during the state-mandated shutdowns of our operations and emerge from them in a financially stable position."

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MCRI Monarch Casino
$34.42 /

-0.45 (-1.29%)

MCRI Monarch Casino
$34.42 /

-0.45 (-1.29%)

05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
04/06/20 Jefferies
Eldorado has 'considerable upside' from Caesars merger, says Jefferies
MCRI Monarch Casino
$34.42 /

-0.45 (-1.29%)

Conference/Events
Monarch Casino participates in a conference call with SunTrust » 04:55
06/22/20
06/22
04:55
06/22/20
04:55
MCRI

Monarch Casino

$35.76 /

-1.09 (-2.96%)

Conference call with COO…

Conference call with COO Farahi will be held on June 22 hosted by SunTrust.

ShowHide Related Items >><<
MCRI Monarch Casino
$35.76 /

-1.09 (-2.96%)

MCRI Monarch Casino
$35.76 /

-1.09 (-2.96%)

05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
04/06/20 Jefferies
Eldorado has 'considerable upside' from Caesars merger, says Jefferies
MCRI Monarch Casino
$35.76 /

-1.09 (-2.96%)

Conference/Events
Monarch Casino participates in a conference call with SunTrust » 11:59
06/16/20
06/16
11:59
06/16/20
11:59
MCRI

Monarch Casino

$38.90 /

+1.26 (+3.35%)

Conference call with COO…

Conference call with COO Farahi will be held on June 22 hosted by SunTrust.

ShowHide Related Items >><<
MCRI Monarch Casino
$38.90 /

+1.26 (+3.35%)

MCRI Monarch Casino
$38.90 /

+1.26 (+3.35%)

05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
04/06/20 Jefferies
Eldorado has 'considerable upside' from Caesars merger, says Jefferies
MCRI Monarch Casino
$38.90 /

+1.26 (+3.35%)

Initiation
Monarch Casino initiated with a Buy at SunTrust » 07:05
05/27/20
05/27
07:05
05/27/20
07:05
MCRI

Monarch Casino

$38.17 /

+1.1 (+2.97%)

SunTrust analyst Barry…

SunTrust analyst Barry Jonas initiated coverage of Monarch Casino with a Buy rating and $50 price target. The company is a "strong regional operator" that is well positioned for a post-COVID recovery and M&A, the analyst tells investors in a research note. The stock fell 27% since the pandemic reports emerged, but as casinos begin to reopen, Monarch's regional, gaming focused assets are poised to see a strong recovery, Jonas contends.

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MCRI Monarch Casino
$38.17 /

+1.1 (+2.97%)

MCRI Monarch Casino
$38.17 /

+1.1 (+2.97%)

05/27/20 Truist
Monarch Casino initiated with a Buy at SunTrust
04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
04/06/20 Jefferies
Eldorado has 'considerable upside' from Caesars merger, says Jefferies
01/06/20 Jefferies
Monarch Casino upgraded to Buy from Hold at Jefferies
MCRI Monarch Casino
$38.17 /

+1.1 (+2.97%)

Initiation
Monarch Casino initiated with a Buy at SunTrust » 06:13
05/27/20
05/27
06:13
05/27/20
06:13
MCRI

Monarch Casino

$38.17 /

+1.1 (+2.97%)

SunTrust analyst Neal…

SunTrust analyst Neal Dingmann initiated coverage of Monarch Casino with a Buy rating and $50 price target.

ShowHide Related Items >><<
MCRI Monarch Casino
$38.17 /

+1.1 (+2.97%)

MCRI Monarch Casino
$38.17 /

+1.1 (+2.97%)

04/27/20 Stifel
Monarch Casino upgraded to Buy from Hold at Stifel
04/06/20 Jefferies
Eldorado has 'considerable upside' from Caesars merger, says Jefferies
01/06/20 Jefferies
Monarch Casino upgraded to Buy from Hold at Jefferies
MCRI Monarch Casino
$38.17 /

+1.1 (+2.97%)

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