Marcus (NYSE:MCS) Sets New 52-Week High – Here’s Why

Marcus Corporation (The) (NYSE:MCSGet Free Report) hit a new 52-week high on Thursday . The company traded as high as $21.25 and last traded at $21.11, with a volume of 167894 shares traded. The stock had previously closed at $20.61.

Analysts Set New Price Targets

MCS has been the topic of a number of recent analyst reports. Wedbush boosted their price target on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Barrington Research reaffirmed an “outperform” rating and issued 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 research report on Friday, April 17th. Weiss Ratings downgraded Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Finally, Zacks Research raised Marcus from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

Check Out Our Latest Report on MCS

Marcus Stock Up 2.4%

The firm has a 50-day moving average price of $18.67 and a 200 day moving average price of $16.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $648.71 million, a price-to-earnings ratio of 49.09, a P/E/G ratio of 2.90 and a beta of 0.55.

Marcus (NYSE:MCSGet Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.03. The business had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. Sell-side analysts predict that Marcus Corporation will post 0.47 EPS for the current year.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 1st. Marcus’s payout ratio is 74.42%.

Insider Activity

In related news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the completion of the sale, the insider directly owned 45,801 shares in the company, valued at approximately $872,051.04. The trade was a 14.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.53% of the company’s stock.

Institutional Investors Weigh In On Marcus

Several institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Marcus by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after buying an additional 624 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Marcus by 29.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock valued at $46,000 after buying an additional 678 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after buying an additional 937 shares during the period. Savant Capital LLC boosted its stake in shares of Marcus by 7.8% in the third quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock valued at $204,000 after buying an additional 955 shares during the period. Finally, Mesirow Financial Investment Management Inc. boosted its stake in shares of Marcus by 0.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock valued at $3,167,000 after buying an additional 1,028 shares during the period. 81.57% of the stock is currently owned by institutional investors.

Marcus Company Profile

(Get Free Report)

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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