Monarch Casino & Resort

MCRI

Market cap $1.74B

Does Monarch Casino (MCRI) have what it takes to be a top stock pick for momentum investors? Let's find out.

MCRI, SPFI and FULT made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 21, 2025.

ADNT, CCL, MCRI, FULT and MCHP have been added to the Zacks Rank #1 (Strong Buy) List on July 21, 2025.

Monarch Casino: 21% EPS Jump in Q2

Monarch Casino & Resort (NASDAQ: MCRI) experienced a surge of 20% on July 17, 2025, and increased by as much as 24% in after-hours trading, significantly outperforming the S&P 500 and reaching a new 52-week peak. Although the stock is no longer inexpensive in absolute terms, it continues to trade at reasonable valuation multiples in comparison to the broader market, particularly when considering its strong growth, impressive profitability, and clean balance sheet.

Monarch Casino (MCRI) continues to outperform peers, delivering double-digit returns and consistent double-beats on earnings, driven by strong casino segment growth. The company boasts a pristine balance sheet, robust free cash flow, and is aggressively returning capital to shareholders through buybacks and dividends. I raise my price target to $105, reiterating a 'Buy' rating based on Monarch's operational excellence, market share gains, and multiple capital allocation options.

Monarch Casino (MCRI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Monarch Casino & Resort (MCRI) released earnings that gave investors confidence to step into the stock. However, as @CharlesSchwab's Ben Watson points out, the company still has a multi-million-dollar overhang that will generate headwinds down the road.

Monarch Casino (MCRI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Monarch Casino & Resort, Inc. reported very strong growth in Q2 as the company's two casinos continue to gain market share. Earnings followed strong topline growth. Yet, food and hotel revenues didn't follow growth in the casino revenue stream. The take rate can vary significantly on a quarterly basis, being a major consideration in Monarch's Q2. The stock had a very strong reaction to the Q2 report. After the surge, I estimate MCRI to have 18% downside to $88.