Marcus Corp. (MCS) Sets New 12-Month High at $23.86
Shares of Marcus Corp. (NYSE:MCS) hit a new 52-week high during trading on Monday . The stock traded as high as $23.86 and last traded at $23.85, with a volume of 46,205 shares traded. The stock had previously closed at $23.66.
Several brokerages have commented on MCS. B. Riley reaffirmed a “buy” rating and issued a $25.50 price objective on shares of Marcus Corp. in a research report on Monday, July 25th. Zacks Investment Research lowered shares of Marcus Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Finally, Benchmark Co. lifted their price objective on shares of Marcus Corp. from $25.24 to $26.11 and gave the stock a “buy” rating in a research report on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.28.
The firm has a 50-day moving average of $22.27 and a 200-day moving average of $20.16. The firm has a market capitalization of $654.80 million and a PE ratio of 15.45.
Marcus Corp. (NYSE:MCS) last posted its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. During the same period last year, the business posted $0.32 earnings per share. The business earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts expect that Marcus Corp. will post $1.13 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, August 23rd.
In related news, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total value of $57,425.00. Following the completion of the transaction, the chief financial officer now directly owns 51,002 shares of the company’s stock, valued at $1,171,515.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas F. Kissinger sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total transaction of $34,575.00. Following the completion of the transaction, the vice president now directly owns 47,254 shares of the company’s stock, valued at $1,089,204.70. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Marcus Corp. stock. Victory Capital Management Inc. raised its position in shares of Marcus Corp. (NYSE:MCS) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,642 shares of the company’s stock after buying an additional 12,390 shares during the period. Victory Capital Management Inc. owned 0.33% of Marcus Corp. worth $1,719,000 as of its most recent SEC filing.
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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