Marcus Corporation (The) (NYSE:MCS – Get Free Report) has earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.25.
A number of equities research analysts have recently issued reports on the company. Weiss Ratings raised Marcus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Barrington Research set a $33.00 target price on Marcus in a report on Monday, August 3rd. Benchmark increased their price target on Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Zacks Research cut Marcus from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Wedbush boosted their price objective on Marcus from $23.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 31st.
Read Our Latest Stock Analysis on Marcus
Marcus Price Performance
Shares of NYSE:MCS opened at $27.94 on Friday. Marcus has a one year low of $12.88 and a one year high of $32.42. The stock has a fifty day moving average of $28.12 and a 200-day moving average of $24.06. The company has a market capitalization of $861.35 million, a PE ratio of 39.35 and a beta of 0.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44.
Marcus (NYSE:MCS – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.16. The business had revenue of $231.74 million during the quarter, compared to analyst estimates of $217.72 million. Marcus had a return on equity of 2.67% and a net margin of 2.87%. As a group, equities analysts anticipate that Marcus will post 0.83 EPS for the current fiscal year.
Marcus Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were issued a $0.09 dividend. The ex-dividend date was Tuesday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. Marcus’s dividend payout ratio is 50.70%.
Insider Activity at Marcus
In other news, Director Diane M. Gershowitz sold 50,000 shares of Marcus stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $27.61, for a total value of $1,380,500.00. Following the transaction, the director directly owned 125,617 shares of the company’s stock, valued at $3,468,285.37. This trade represents a 28.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.53% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Marcus
Several hedge funds have recently made changes to their positions in MCS. Financial Management Professionals Inc. acquired a new position in Marcus in the 3rd quarter worth approximately $28,000. Bank of America Corp DE grew its position in Marcus by 1.8% during the 1st quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,556 shares in the last quarter. USA Financial Formulas purchased a new position in Marcus during the 3rd quarter worth approximately $50,000. Empowered Funds LLC grew its position in Marcus by 2.8% during the 1st quarter. Empowered Funds LLC now owns 181,793 shares of the company’s stock worth $3,121,000 after purchasing an additional 5,023 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Marcus by 8.5% during the 1st quarter. Quantinno Capital Management LP now owns 102,006 shares of the company’s stock valued at $1,751,000 after purchasing an additional 8,024 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.
About Marcus
Marcus Corporation (NYSE: MCS) is an entertainment and hospitality company headquartered in Milwaukee, Wisconsin. Its principal businesses are conducted through Marcus Theatres and Marcus Hotels & Resorts.
Marcus Theatres operates movie theaters in the United States, primarily across the Midwest, under brands that include Marcus Theatres and Movie Tavern. Its theater operations offer film screenings, reserved seating, premium viewing formats, food and beverage service, and other cinema-related experiences.
Marcus Hotels & Resorts owns, manages, or operates hotels, resorts, restaurants, and related hospitality facilities in the United States.
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