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Monarch Casino & Resort (MCRI)

Monarch Casino & Resort is dedicated to deliver the ultimate guest experience by providing exceptional services as well as the latest gaming, dining and hospitality amenities. With a main focus on our guests' superior expectations, the company continues to aggressively reinvest in its properties. As a market leader, Monarch invites clients to become more familiar with the company, its operations and management team.

Company profile

Ticker
MCRI
Exchange
CEO
John Farahi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Golden Road Motor Inn, Inc. • Golden East, Inc. • Golden North, Inc. • High Desert Sunshine, Inc. • Monarch Growth Inc. • Monarch Black Hawk, Inc. • Chicago Dogs Eatery, Inc • Inter-Mountain Construction LLC • Monarch Interactive Inc. ...
IRS number
880300760

MCRI stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 30.58M 30.58M 30.58M 30.58M 30.58M 30.58M
Cash burn (monthly) 856.33K (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.23M n/a n/a n/a n/a n/a
Cash remaining 29.35M n/a n/a n/a n/a n/a
Runway (months of cash) 34.3 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Craig F Sullivan Options / Right to Buy Common Stock Grant Acquire A No No 58.67 6,100 357.89K 48,800
30 Jun 22 Landau Yvette Options / Right to Buy Common stock Grant Acquire A No No 58.67 6,100 357.89K 61,000
30 Jun 22 Paul Andrews Options / Right to Buy Common stock Grant Acquire A No No 58.67 6,100 357.89K 50,800
30 Jun 22 Edwin S. Koenig Options / Right to Buy Common stock Grant Acquire A No No 58.67 3,333 195.55K 18,437
23 Mar 22 Farahi John Common Stock Grant Acquire A No No 84.86 15,000 1.27M 521,332
64.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 168 145 +15.9%
Opened positions 33 14 +135.7%
Closed positions 10 11 -9.1%
Increased positions 53 52 +1.9%
Reduced positions 59 49 +20.4%
13F shares Current Prev Q Change
Total value 1.06B 1.49B -28.8%
Total shares 12.13M 11.78M +2.9%
Total puts 0 0
Total calls 100.2K 13.1K +664.9%
Total put/call ratio
Largest owners Shares Value Change
BLK Blackrock 2.02M $176.56M +0.5%
DAVENPORT & Co 1.07M $93.32M +7.4%
JHG Janus Henderson 1.05M $91.56M -2.2%
Vanguard 883.52K $77.07M +3.0%
JPM JPMorgan Chase & Co. 857.46K $74.8M -6.8%
IVZ Invesco 570.41K $49.76M +925.0%
MCQEF Macquarie 564.57K $49.25M -3.9%
STT State Street 438.2K $38.22M +3.6%
Lafitte Capital Management 359.6K $31.37M -50.5%
Brown Advisory 352.76K $30.69M +9.8%
Largest transactions Shares Bought/sold Change
IVZ Invesco 570.41K +514.76K +925.0%
Lafitte Capital Management 359.6K -367.16K -50.5%
Lodge Hill Capital 54.36K -154.2K -73.9%
Millennium Management 138.94K +120.85K +668.1%
Whittier Trust 6.39K -77.1K -92.4%
DAVENPORT & Co 1.07M +73.57K +7.4%
GS Goldman Sachs 25K -64.43K -72.0%
Tributary Capital Management 63.48K +63.48K NEW
JPM JPMorgan Chase & Co. 857.46K -62.14K -6.8%
Driehaus Capital Management 58.66K +58.66K NEW

Financial report summary

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Management Discussion
  • Monarch’s operating results for the year ended December 31, 2021 and 2020 were impacted by the COVID-19 pandemic.
  • In March 2020, the World Health Organization declared the rapidly growing COVID-19 outbreak a global pandemic. On March 16, 2020, in an effort to contain the virus, the state of Colorado mandated a temporary shutdown of all casinos including Monarch Black Hawk and, on March 17, 2020, the state of Nevada mandated the temporary closure of all casinos including the Atlantis in Reno. Our Nevada and Colorado properties partially reopened with limited operations on June 4, 2020 and June 17, 2020, respectively. Therefore, the annual financial results comparison set forth below should be read with the 2020 partial period closures in mind.
  • Following the reopening of our operations in 2020 and through 2021, we continued to operate under government-imposed capacity restrictions on our operations and various COVID-19 safety protocols. We were continually adjusting our operations to the restrictions in occupancy and social distancing requirements, which included reduced seating at table games and in all restaurants, and a decreased number of active slot machines on the casino floors. The convention business at Atlantis was adversely affected by the state-mandated gathering limits. We have experienced hotel stay and convention booking cancellations, and since the reopening, guest visitation and hotel and convention bookings have been inconsistent.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: aggressive, belief, Click, improved, slightly, tap, text, upward
Removed: active, ahead, covenant, employment, expect, full, implementation, inconsistent, iv, month, preliminary, refund, seating, study, tentative, tight, transformation, trend