Marcus (NYSE:MCS) Stock Rating Lowered by Wall Street Zen

Marcus (NYSE:MCS – Get Free Report) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday, Wall Street Zen reports.

Other research analysts also recently issued reports about the stock. B. Riley Financial downgraded shares of Marcus from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $27.00 to $29.00 in a research report on Friday, July 31st. Weiss Ratings raised Marcus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Zacks Research downgraded Marcus from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Wedbush lifted their price target on Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Barrington Research set a $33.00 price target on Marcus in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Read Our Latest Research Report on MCS

Marcus Price Performance

MCS stock opened at $27.44 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34. Marcus has a 12 month low of $12.85 and a 12 month high of $32.42. The firm has a market cap of $846.03 million, a P/E ratio of 38.65 and a beta of 0.58. The company’s 50-day moving average price is $28.43 and its two-hundred day moving average price is $23.40.

Marcus (NYSE:MCS – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.35 by $0.16. Marcus had a net margin of 2.87% and a return on equity of 2.67%. The company had revenue of $231.74 million during the quarter, compared to analysts’ expectations of $217.72 million. On average, analysts anticipate that Marcus will post 0.81 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Diane M. Gershowitz sold 50,000 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the completion of the transaction, the director directly owned 125,617 shares in the company, valued at approximately $3,468,285.37. This represents a 28.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.53% of the company’s stock.

Hedge Funds Weigh In On Marcus

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Saber Capital Managment LLC bought a new stake in shares of Marcus in the 4th quarter valued at about $7,836,000. Bank of New York Mellon Corp bought a new position in shares of Marcus during the second quarter worth about $6,481,000. Heartland Advisors Inc. raised its position in shares of Marcus by 24.4% during the first quarter. Heartland Advisors Inc. now owns 255,000 shares of the company’s stock worth $4,378,000 after acquiring an additional 50,000 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Marcus during the first quarter worth about $844,000. Finally, Susquehanna International Group LLP lifted its stake in shares of Marcus by 183.1% in the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company’s stock worth $1,105,000 after acquiring an additional 30,457 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

About Marcus

(Get Free Report)

Marcus Corporation (NYSE:MCS) is a Wisconsin-based company operating in the entertainment and lodging industries. Its business is organized primarily through Marcus Theatres and Marcus Hotels & Resorts, serving customers across selected markets in the United States.

Marcus Theatres operates movie theaters that offer first-run films, premium large-format and other enhanced viewing experiences, food and beverage services, and other entertainment amenities. The division also operates theaters under the Marcus, Movie Tavern, and BistroPlex brands.

Marcus Hotels & Resorts owns, manages, or develops hotels and resorts in various U.S.

Further Reading

Analyst Recommendations for Marcus (NYSE:MCS)

Receive News & Ratings for Marcus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus and related companies with MarketBeat.com's FREE daily email newsletter.