Wells Fargo Sticks to Their Hold Rating for Monarch Casino & Resort (MCRI)

Wells Fargo analyst Zachary Silverberg maintained a Hold rating on Monarch Casino & Resort today and set a price target of $99.00.

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According to TipRanks, Silverberg is ranked #10967 out of 12161 analysts.

In addition to Wells Fargo, Monarch Casino & Resort also received a Hold from Stifel Nicolaus’s Jeffrey Stantial in a report issued today. However, on the same day, Truist Financial maintained a Buy rating on Monarch Casino & Resort (NASDAQ: MCRI).

Based on Monarch Casino & Resort’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $140 million and a net profit of $22.94 million. In comparison, last year the company earned a revenue of $134.51 million and had a net profit of $4.21 million

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCRI in relation to earlier this year. Last month, John Farahi, the CEO of MCRI sold 3,000.00 shares for a total of $295,430.00.