Craig Sullivan, Monarch Casino director, sells $1.28m in MCRI stock

Published 24/07/2025, 01:30
Craig Sullivan, Monarch Casino director, sells $1.28m in MCRI stock

Director Craig F. Sullivan of Monarch Casino & Resort Inc (NASDAQ:MCRI) sold 12,200 shares of common stock on July 22, 2025. The shares were sold at a price of $105.55, for a total transaction value of $1,287,710.

Following the transaction, Sullivan no longer directly owns any shares of Monarch Casino & Resort Inc.

Sullivan also holds options to purchase a total of 73,200 shares of common stock, at prices ranging from $43.09 to $86.44. These options have expiration dates between 2028 and 2035.

In other recent news, Monarch Casino & Resort reported impressive second-quarter earnings and revenue results, exceeding analyst expectations. The company achieved adjusted earnings per share of $1.44, surpassing the anticipated $1.19, while revenue reached $136.91 million, beating the consensus estimate of $129.75 million. This represents a 6.8% year-over-year increase, with casino revenue jumping 12.1% as a key contributor. Stifel maintained its Hold rating on Monarch Casino (EPA:CASP) following these strong results, setting a price target of $92.00. Wells Fargo (NYSE:WFC) upgraded Monarch Casino from Underweight to Equal Weight, raising the price target to $89.00, citing consistent performance and effective expense management. The upgrade was influenced by the company’s ability to exceed consensus expectations by 16% in EBITDA, driven by market share gains in Black Hawk. Monarch’s strong execution and operational efficiencies were highlighted as reasons for their recent success. These developments reflect Monarch Casino’s ability to capitalize on regional trends in the gaming sector.

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