Marcus Corp. (MCS) Sees Large Volume Increase
Shares of Marcus Corp. (NYSE:MCS) saw an uptick in trading volume on Friday . 311,739 shares traded hands during mid-day trading, an increase of 265% from the previous session’s volume of 85,421 shares.The stock last traded at $23.66 and had previously closed at $23.41.
A number of research firms have recently commented on MCS. B. Riley reissued a “buy” rating and issued a $30.00 target price on shares of Marcus Corp. in a report on Thursday. Benchmark Co. increased their target price on shares of Marcus Corp. from $25.24 to $26.11 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, Zacks Investment Research cut shares of Marcus Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $27.28.
The firm has a market capitalization of $652.05 million and a price-to-earnings ratio of 15.38. The stock’s 50-day moving average price is $22.16 and its 200 day moving average price is $20.05.
Marcus Corp. (NYSE:MCS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.05. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The firm earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. The company’s revenue was down 2.0% on a year-over-year basis. Equities research analysts expect that Marcus Corp. will post $1.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, August 23rd.
A number of hedge funds and institutional investors recently bought and sold shares of the stock. Bank of Montreal Can raised its position in Marcus Corp. by 120.6% in the fourth quarter. Bank of Montreal Can now owns 52,969 shares of the company’s stock worth $1,005,000 after buying an additional 28,955 shares during the last quarter. Victory Capital Management Inc. raised its position in Marcus Corp. by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 90,642 shares of the company’s stock worth $1,719,000 after buying an additional 12,390 shares during the last quarter. Finally, River Road Asset Management LLC raised its position in Marcus Corp. by 47.0% in the fourth quarter. River Road Asset Management LLC now owns 301,230 shares of the company’s stock worth $5,714,000 after buying an additional 96,325 shares during the last quarter.
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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