Monarch Casino & Resort Downgraded to 'Hold' by Zacks Research

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Zacks Research has downgraded shares of Monarch Casino & Resort (NASDAQ:MCRI) from a 'strong-buy' rating to a 'hold' rating, citing concerns over the company's recent financial performance and future outlook.

Why it matters

Monarch Casino & Resort is a major player in the Reno, Nevada gaming market, so this downgrade from a respected research firm could signal broader challenges facing the company and the regional casino industry.

The details

In its report, Zacks Research noted that Monarch Casino & Resort missed analysts' earnings estimates in its most recent quarter, with the company reporting $1.25 in earnings per share versus the expected $1.37. The research firm also pointed to the company's stock price, which has hovered around $96-$98 in recent months, as an indicator of a more cautious outlook.

• Zacks Research released its downgrade report on Monday, April 8, 2026.
• Monarch Casino & Resort reported its latest quarterly earnings on Wednesday, February 4, 2026.

What’s next

Investors will be closely watching Monarch Casino & Resort's upcoming earnings reports and any further updates from analysts to gauge the company's outlook and performance.