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Monarch Casino & Resort ( (MCRI) ) has provided an announcement.
On April 21, 2026, Monarch Casino & Resort, Inc. reported record financial results for the first quarter ended March 31, 2026, with net revenue rising 8.9% year over year to $136.6 million and net income climbing 38.9% to $27.6 million. Adjusted EBITDA increased 19% to $49.0 million, while diluted EPS jumped 44.8% to $1.52, driven by higher casino, hotel and food and beverage revenues, market share gains at both Atlantis and Monarch Black Hawk, and improved operating efficiencies.
The company highlighted margin expansion across casino, hotel and food and beverage operations, reduced SG&A as a percentage of revenue, and a strong balance sheet with $120.1 million in cash and no borrowings on its credit facility as of March 31, 2026. Monarch returned capital to shareholders through a $0.30 per share dividend paid on March 16, 2026, open-market repurchases of 181,258 shares for $17.6 million in the quarter, and declared another $0.30 per share dividend payable June 15, 2026, underscoring its ongoing capital return strategy alongside continued property investment and evaluation of potential M&A opportunities.
The most recent analyst rating on (MCRI) stock is a Hold with a $97.00 price target. To see the full list of analyst forecasts on Monarch Casino & Resort stock, see the MCRI Stock Forecast page.
Spark’s Take on MCRI Stock
According to Spark, TipRanks’ AI Analyst, MCRI is a Outperform.
The score is driven primarily by strong financial quality (high and improving profitability, very conservative leverage, and robust free cash flow). Corporate events further support the outlook via record results and ongoing shareholder returns. Offsetting factors are neutral technicals (range-bound trading signals) and a valuation that looks fair rather than clearly discounted.
To see Spark’s full report on MCRI stock, click here.
More about Monarch Casino & Resort
Monarch Casino & Resort, Inc. is a U.S. gaming and hospitality operator that owns and operates the Atlantis Casino Resort Spa in Reno, Nev., and the Monarch Casino Resort Spa Black Hawk in Colorado. The company focuses on casino gaming, hotel accommodations, and food and beverage offerings, positioning its properties as luxury resort destinations in their respective regional markets.
Average Trading Volume: 122,658
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.77B
For an in-depth examination of MCRI stock, go to TipRanks’ Overview page.