Shares of Marcus Corporation (The) (NYSE:MCS – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $20.55 and last traded at $20.53, with a volume of 45435 shares traded. The stock had previously closed at $20.11.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the stock. Wedbush increased their target price on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Barrington Research reissued an “outperform” rating and set a $25.00 target price on shares of Marcus in a research report on Monday, May 4th. B. Riley Financial reaffirmed a “buy” rating on shares of Marcus in a report on Friday, April 17th. Finally, Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $23.33.
Get Our Latest Report on Marcus
Marcus Stock Performance
Marcus (NYSE:MCS – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.03. The company had revenue of $154.40 million during the quarter, compared to the consensus estimate of $148.78 million. Marcus had a net margin of 1.85% and a return on equity of 0.79%. As a group, equities analysts anticipate that Marcus Corporation will post 0.47 earnings per share for the current year.
Marcus Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.08 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 1.6%. Marcus’s dividend payout ratio is currently 74.42%.
Insider Transactions at Marcus
In other Marcus news, insider Michael Reade Evans sold 7,671 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total value of $146,055.84. Following the sale, the insider directly owned 45,801 shares in the company, valued at $872,051.04. This represents a 14.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.53% of the stock is owned by corporate insiders.
Institutional Trading of Marcus
Several institutional investors and hedge funds have recently bought and sold shares of MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after purchasing an additional 624 shares in the last quarter. Millennium Management LLC raised its position in shares of Marcus by 11.1% during the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after buying an additional 39,118 shares in the last quarter. Empowered Funds LLC raised its position in shares of Marcus by 2.1% during the 1st quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock valued at $2,883,000 after buying an additional 3,562 shares in the last quarter. Creative Planning raised its position in shares of Marcus by 50.6% during the 2nd quarter. Creative Planning now owns 15,270 shares of the company’s stock valued at $257,000 after buying an additional 5,129 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Marcus by 3.2% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 291,082 shares of the company’s stock valued at $4,908,000 after buying an additional 8,898 shares in the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.
About Marcus
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.
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