Marcus Corp. (MCS) Reaches New 52-Week High at $23.90
Marcus Corp. (NYSE:MCS) hit a new 52-week high on Friday . The stock traded as high as $23.90 and last traded at $23.90, with a volume of 51,779 shares. The stock had previously closed at $23.64.
Several equities research analysts have commented on the company. Zacks Investment Research downgraded Marcus Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. Benchmark Co. boosted their target price on Marcus Corp. from $25.24 to $26.11 and gave the stock a “buy” rating in a report on Friday, July 29th. Finally, B. Riley reissued a “buy” rating and issued a $30.00 target price on shares of Marcus Corp. in a report on Thursday, August 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Marcus Corp. presently has an average rating of “Hold” and an average target price of $27.28.
The stock’s 50-day moving average price is $22.66 and its 200 day moving average price is $20.41. The firm has a market cap of $658.66 million and a PE ratio of 15.54.
Marcus Corp. (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The business had revenue of $134 million for the quarter, compared to the consensus estimate of $129.43 million. During the same period in the prior year, the business posted $0.32 earnings per share. Marcus Corp.’s revenue was down 2.0% on a year-over-year basis. On average, analysts predict that Marcus Corp. will post $1.13 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Tuesday, August 23rd.
In other Marcus Corp. news, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $22.97, for a total transaction of $57,425.00. Following the transaction, the chief financial officer now directly owns 51,002 shares in the company, valued at approximately $1,171,515.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 stock was sold at an average price of $23.05, for a total value of $34,575.00. Following the transaction, the vice president now owns 47,254 shares in the company, valued at $1,089,204.70. The disclosure for this sale can be found here.
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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