MCRI
Monarch Casino & Resort, Inc.
NasdaqGSUSDEQUITY
Consumer Cyclical
DELAYED
Buy
+28/100
Last price
119.23
▲ 1.06 (0.90%)
MARKET · —
Price
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Tool
1D
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Range —
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Open
—
Prev close
118.17
Day high
119.65
Day low
118.58
Volume
74.13K
Market cap
$2.14B
P/E (TTM)
19.11
52W range
88.13 – 135.93
Trailing performance
Returnvs SPY
1W
+2.70%
+0.8%
1M
-1.88%
-3.0%
3M
-5.47%
-10.0%
6M
+20.54%
+2.4%
YTD
+24.59%
+10.3%
1Y
+14.98%
-1.4%
3Y
+92.00%
+9.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
10 more panels on MCRI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+256.67K
Net buying
Buy transactions
2
266.67K shares
Sell transactions
2
10.00K shares
Net transactions
+4
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
5.82M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 17, 26 | FARAHI JOHN Chief Executive Officer |
SELL | 5.00K | $620.00K | Direct |
| May 28, 26 | FARAHI JOHN Chief Executive Officer |
SELL | 5.00K | $604.20K | Direct |
| Apr 28, 26 | FARAHI JOHN Chief Executive Officer |
CONVERSION | 200.00K | $7.21M | Direct |
| Apr 23, 26 | FARAHI BAHRAM President |
— | 66.67K | — | Direct |
| Mar 16, 26 | FARAHI JOHN Chief Executive Officer |
SELL | 3.00K | $295.43K | Direct |
| Dec 17, 25 | FARAHI JOHN Chief Executive Officer |
SELL | 6.00K | $619.48K | Direct |
| Sep 29, 25 | FARAHI JOHN Chief Executive Officer |
STOCK | 13.81K | $1.44M | Direct |
| Jul 22, 25 | FARAHI JOHN Chief Executive Officer |
SELL | 2.00K | $211.56K | Direct |
| Jul 22, 25 | SULLIVAN CRAIG F Director |
SELL | 12.20K | $1.29M | Direct |
| Jul 21, 25 | FARAHI JOHN Chief Executive Officer |
CONVERSION | 66.67K | $1.17M | Direct |
| Jan 3, 25 | FARAHI JOHN Chief Executive Officer |
SELL | 3.00K | $230.70K | Direct |
| Oct 23, 24 | FARAHI JOHN Chief Executive Officer |
STOCK | 27.97K | $2.14M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
FARAHI BAHRAM |
President | 1.16M | Conversion of Exercise of derivative security |
FARAHI JOHN |
Chief Executive Officer | 3.13M | Sale |
SULLIVAN CRAIG F |
Director | 0 | Sale |
Fundamentals
Market cap$2.14B
Enterprise value$2.01B
Revenue (TTM)$561.96M
Gross profit$382.25M
EBITDA$197.71M
Net income$114.64M
EPS (TTM)$6.24
Free cash flow$131.95M
Total cash$138.26M
Total debt$12.79M
Book value / share$32.18
Shares outstanding17.92M
Float12.10M
Short % of float4.89%
Dividend yield1.01%
Beta (5Y)1.41
Valuation & profitability ratios
Trailing P/E19.11
Forward P/E17.29
PEG ratio1.07
Price / sales—
Price / book3.70
EV / revenue3.58
EV / EBITDA10.17
Gross margin68.02%
Operating margin27.44%
Profit margin20.40%
Return on equity20.54%
Return on assets12.90%
Debt / equity2.22
Current ratio1.21
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $545.13M | $522.19M | $501.48M | $477.87M | +4.4% |
| Operating revenue | $520.20M | $497.64M | $479.91M | $459.09M | +4.5% |
| Cost of revenue | $245.07M | $241.37M | $232.30M | $218.28M | +1.5% |
| Gross profit | $300.05M | $280.82M | $269.18M | $259.59M | +6.9% |
| Selling, general & admin | $109.38M | $108.29M | $105.82M | $97.60M | +1.0% |
| Total operating expense | $172.56M | $188.31M | $159.02M | $148.15M | -8.4% |
| Operating income | $127.50M | $92.50M | $110.15M | $111.44M | +37.8% |
| Net interest income | $1.94M | -$104.00K | -$1.63M | -$2.42M | +1,962.5% |
| Pre-tax income | $129.43M | $92.40M | $108.53M | $109.02M | +40.1% |
| Tax provision | $28.04M | $19.63M | $26.08M | $21.54M | +42.8% |
| Net income | $101.39M | $72.77M | $82.45M | $87.48M | +39.3% |
| Net income to common | $101.39M | $72.77M | $82.45M | $87.48M | +39.3% |
| Basic EPS | 5.55 | 5.05 | 4.28 | 4.60 | +9.9% |
| Diluted EPS | 5.43 | 4.96 | 4.20 | 4.47 | +9.5% |
| EBIT | $127.50M | $92.50M | $110.15M | $111.44M | +37.8% |
| EBITDA | $181.52M | $143.86M | $157.45M | $154.88M | +26.2% |
| Basic shares | 18.28M | 18.61M | 19.24M | 19.00M | -1.8% |
| Diluted shares | 18.66M | 18.97M | 19.62M | 19.58M | -1.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $96.47M | $58.76M | $43.36M | $38.78M | — | +64.2% |
| Cash & short-term investments | $96.47M | $58.76M | $43.36M | $38.78M | — | +64.2% |
| Accounts receivable | $11.07M | $10.26M | $11.99M | $9.57M | — | +7.9% |
| Inventory | $9.09M | $9.30M | $7.61M | $7.56M | — | -2.2% |
| Total current assets | $129.25M | $90.42M | $74.97M | $89.43M | — | +42.9% |
| Property, plant & equipment | $556.67M | $575.29M | $580.50M | $578.05M | — | -3.2% |
| Goodwill & intangibles | $26.93M | $25.87M | $25.41M | $25.46M | — | +4.1% |
| Total assets | $712.85M | $691.58M | $680.87M | $692.94M | — | +3.1% |
| Total current liabilities | $150.20M | $146.46M | $123.37M | $117.74M | — | +2.6% |
| Current debt | — | — | — | $6.69M | $20.00M | — |
| Long-term debt | — | — | $5.50M | — | $68.15M | — |
| Total debt | $13.30M | $14.06M | $20.42M | $20.56M | — | -5.4% |
| Total liabilities | $175.18M | $173.84M | $167.73M | $153.99M | — | +0.8% |
| Retained earnings | $597.85M | $518.35M | $467.85M | $498.22M | — | +15.3% |
| Shareholder equity | $537.67M | $517.75M | $513.14M | $538.95M | — | +3.8% |
| Working capital | -$20.95M | -$56.04M | -$48.40M | -$28.32M | — | +62.6% |
| Net tangible assets | $510.74M | $491.87M | $487.73M | $513.49M | — | +3.8% |
| Shares issued | 19.54M | 19.36M | 19.15M | 19.10M | — | +0.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $101.39M | $72.77M | $82.45M | $87.48M | +39.3% |
| Depreciation & amortisation | $54.02M | $51.36M | $47.29M | $43.43M | +5.2% |
| Stock-based compensation | $8.40M | $7.86M | $7.48M | $5.17M | +6.8% |
| Change in working capital | $2.67M | $18.37M | $35.06M | -$1.35M | -85.5% |
| Operating cash flow | $164.75M | $140.71M | $173.05M | $139.77M | +17.1% |
| Capital expenditure | -$36.32M | -$47.43M | -$49.01M | -$39.48M | +23.4% |
| Investing cash flow | -$37.17M | -$43.79M | -$51.23M | -$47.97M | +15.1% |
| Share buybacks | -$72.72M | -$59.97M | -$5.03M | -$6.50M | -21.3% |
| Dividends paid | -$21.89M | -$22.27M | -$112.82M | $0 | +1.7% |
| Financing cash flow | -$89.87M | -$81.53M | -$117.24M | -$86.54M | -10.2% |
| Free cash flow | $128.43M | $93.28M | $124.04M | $100.29M | +37.7% |
| End cash position | $96.47M | $58.76M | $43.36M | $38.78M | +64.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $142.60M | $136.55M | $140.00M | $142.81M | $136.91M | +4.4% |
| Operating revenue | $136.30M | $130.40M | $133.22M | $136.47M | $130.89M | +4.5% |
| Cost of revenue | $63.16M | $61.80M | $62.62M | $62.54M | $60.71M | +2.2% |
| Gross profit | $79.44M | $74.75M | $77.38M | $80.28M | $76.20M | +6.3% |
| Selling, general & admin | $28.56M | $27.75M | $27.89M | $27.51M | $26.79M | +2.9% |
| Total operating expense | $40.82M | $39.81M | $48.28M | $42.10M | $41.30M | +2.5% |
| Operating income | $38.62M | $34.95M | $29.11M | $38.17M | $34.90M | +10.5% |
| Net interest income | $742.00K | $598.00K | $654.00K | $575.00K | $392.00K | +24.1% |
| Pre-tax income | $39.37M | $35.54M | $29.76M | $38.75M | $35.29M | +10.8% |
| Tax provision | $6.84M | $7.95M | $6.82M | $7.17M | $8.28M | -14.0% |
| Net income | $32.52M | $27.59M | $22.94M | $31.58M | $27.01M | +17.9% |
| Net income to common | $32.52M | $27.59M | $22.94M | $31.58M | $27.01M | +17.9% |
| Basic EPS | 1.82 | 1.55 | 1.27 | 1.73 | 1.47 | +17.4% |
| Diluted EPS | 1.78 | 1.52 | 1.25 | 1.69 | 1.44 | +17.1% |
| EBIT | $38.62M | $34.95M | $29.11M | $38.17M | $34.90M | +10.5% |
| EBITDA | $49.29M | $45.41M | $42.28M | $52.23M | $48.47M | +8.5% |
| Basic shares | 17.87M | 17.84M | 18.00M | 18.30M | 18.38M | +0.2% |
| Diluted shares | 18.26M | 18.20M | 18.39M | 18.74M | 18.72M | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $138.26M | $120.13M | $96.47M | $107.64M | $71.59M | +15.1% |
| Cash & short-term investments | $138.26M | $120.13M | $96.47M | $107.64M | $71.59M | +15.1% |
| Accounts receivable | $9.57M | $9.70M | $11.07M | $8.95M | $12.03M | -1.4% |
| Inventory | $8.30M | $8.34M | $9.09M | $8.48M | $8.37M | -0.5% |
| Total current assets | $168.85M | $146.88M | $129.25M | $134.01M | $102.54M | +15.0% |
| Property, plant & equipment | $545.04M | $551.51M | $556.67M | $564.24M | $576.02M | -1.2% |
| Goodwill & intangibles | $27.27M | $26.78M | $26.93M | $26.84M | $26.90M | +1.8% |
| Total assets | $741.16M | $725.17M | $712.85M | $725.38M | $705.79M | +2.2% |
| Total current liabilities | $139.85M | $150.57M | $150.20M | $140.24M | $139.52M | -7.1% |
| Total debt | $12.79M | $13.04M | $13.30M | $13.56M | $13.80M | -1.9% |
| Total liabilities | $164.39M | $175.32M | $175.18M | $167.01M | $166.54M | -6.2% |
| Retained earnings | $647.23M | $620.08M | $597.85M | $580.26M | $554.18M | +4.4% |
| Shareholder equity | $576.77M | $549.85M | $537.67M | $558.38M | $539.25M | +4.9% |
| Working capital | $29.00M | -$3.69M | -$20.95M | -$6.22M | -$36.98M | +886.2% |
| Net tangible assets | $549.50M | $523.07M | $510.74M | $531.54M | $512.34M | +5.1% |
| Shares issued | 17.92M | 19.65M | 19.54M | 19.53M | 19.40M | -8.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $32.52M | $27.59M | $22.94M | $31.58M | $27.01M | +17.9% |
| Depreciation & amortisation | $10.66M | $10.47M | $13.18M | $14.06M | $13.57M | +1.9% |
| Stock-based compensation | $2.12M | $1.95M | $2.32M | $2.08M | $1.88M | +8.6% |
| Change in working capital | -$14.53M | $8.50M | $1.59M | $8.27M | -$8.39M | -271.0% |
| Operating cash flow | $30.73M | $48.51M | $38.14M | $56.02M | $34.13M | -36.6% |
| Capital expenditure | -$5.15M | -$5.55M | -$5.92M | -$2.48M | -$8.10M | +7.2% |
| Investing cash flow | -$4.87M | -$7.49M | -$3.34M | -$5.45M | -$12.36M | +34.9% |
| Share buybacks | $212.00K | -$17.73M | -$41.41M | -$11.31M | -$20.01M | +101.2% |
| Dividends paid | -$5.38M | -$5.36M | -$5.36M | -$5.50M | -$5.50M | -0.3% |
| Financing cash flow | -$7.72M | -$17.37M | -$45.97M | -$14.53M | -$25.27M | +55.5% |
| Free cash flow | $25.58M | $42.96M | $32.21M | $53.55M | $26.02M | -40.5% |
| End cash position | $138.26M | $120.13M | $96.47M | $107.64M | $71.59M | +15.1% |
Options analytics
Put / call volume
0.00
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
110.00
-7.7% from spot
ATM implied vol
1.6%
Nearest strike to spot
Skew (10% OTM)
0.0%
Calls bid over puts
Call volume
324
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
110.00
0 contracts
Heaviest put OI
110.00
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.71 | 1.85 | +8.4% |
| Mar 2026 | 1.16 | 1.58 | +36.5% |
| Dec 2025 | 1.42 | 1.55 | +9.1% |
| Sep 2025 | 1.56 | 1.71 | +9.8% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.70 | 1 | $149.23M | +4.5% |
| Next quarter | 1.64 | 1 | $143.08M | +2.2% |
| Current year | 6.64 | 1 | $571.20M | +4.8% |
| Next year | 6.90 | 2 | $582.08M | +1.9% |
Analyst targets & ownership
Mean target$127.00
High target$144.00
Low target$114.00
Implied upside6.52%
Analyst count6
ConsensusNONE
Strong buy / Buy0 / 1
Hold5
Sell / Strong sell0 / 0
Held by insiders32.48%
Held by institutions66.94%
Institutions holding365
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
117.28
+1.66% from price
SMA 20
119.23
+0.00% from price
SMA 50
121.36
-1.75% from price
SMA 100
122.75
-2.87% from price
SMA 200
111.06
+7.36% from price
EMA 12
118.10
+0.96% from price
EMA 26
119.31
-0.07% from price
EMA 50
120.41
-0.98% from price
RSI (14)
49.5
Neutral
MACD (12,26,9)
-1.21
Hist 0.09
ATR (14)
2.70
2.27% of price
Realised vol 30D
18.5%
Annualised
Bollinger upper
124.12
20, 2σ
Bollinger lower
114.34
20, 2σ
50 / 200 cross
Golden
121.36 vs 111.06
Trend bias
Above 200
+7.36%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.31
Less volatile than market
Correlation to SPY
0.15
Largely independent
Realised vol 30D
18.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-14.1%
Peak to trough
Max drawdown 5Y
-41.8%
Peak to trough
ATR 14
2.70
2.27% of price
Beta (reported)
1.41
5Y monthly, from filing
Short interest
Shares short
576.18K
Prior 541.84K
Change vs prior
+6.3%
Shorts adding
% of float
4.89%
Normal
% of shares out
3.21%
Against total outstanding
Days to cover
3.7
Liquid
Float
12.10M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 17, 26 | Macquarie | MAINTAINED | Neutral | Neutral |
| Jul 21, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Jul 21, 26 | Stifel | MAINTAINED | Hold | Hold |
| Jul 20, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Jul 14, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| May 19, 26 | Macquarie | MAINTAINED | Neutral | Neutral |
| Apr 22, 26 | Macquarie | MAINTAINED | Neutral | Neutral |
| Apr 22, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Apr 22, 26 | Stifel | MAINTAINED | Hold | Hold |
| Apr 22, 26 | Truist Securities | MAINTAINED | Buy | Buy |
| Apr 16, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
| Feb 5, 26 | Wells Fargo | MAINTAINED | Equal-Weight | Equal-Weight |
Dividends & splits
Forward rate$1.20 / yr
Forward yield1.01%
5-year avg yield—
Payout ratio19.23%
Ex-dividend dateSep 1, 2026
Next pay dateSep 15, 2026
Last split2:1
Split dateMar 31, 2005
SEC filings
Periodic Financial Reports
10-Q · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-07-21
Corporate Changes & Voting Matters
8-K · 2026-05-29
Periodic Financial Reports
10-Q · 2026-04-30
Corporate Changes & Voting Matters
8-K · 2026-04-22
Proxy Statements
DEF 14A · 2026-04-13
Periodic Financial Reports
10-K · 2026-02-24
Corporate Changes & Voting Matters
8-K · 2026-02-04
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Macquarie Raises Price Target on Monarch Casino & Resort to $128 From $125, Keeps Neutral Rating
MT Newswires · 50d ago
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