Marcus Corp. (MCS) Hits New 52-Week High at $23.90
Marcus Corp. (NYSE:MCS) reached a new 52-week high on Friday . The company traded as high as $23.90 and last traded at $23.90, with a volume of 51,779 shares changing hands. The stock had previously closed at $23.64.
A number of research firms have recently weighed in on MCS. B. Riley reissued a “buy” rating and issued a $25.50 target price on shares of Marcus Corp. in a research note on Monday, July 25th. Zacks Investment Research lowered Marcus Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Finally, Benchmark Co. boosted their target price on Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $27.28.
The firm has a market capitalization of $658.66 million and a price-to-earnings ratio of 15.54. The company’s 50-day moving average price is $22.66 and its 200-day moving average price is $20.41.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.34 EPS for the quarter, beating 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 earned $0.32 earnings per share. Marcus Corp.’s revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Marcus Corp. will post $1.13 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a dividend of $0.1125 per share. The ex-dividend date is Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.88%.
In other news, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $22.97, for a total transaction of $57,425.00. Following the completion of the transaction, the chief financial officer now owns 51,002 shares in the company, valued at $1,171,515.94. The sale was disclosed in a document filed 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 dated Wednesday, August 17th. The shares were 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 of the company’s stock, valued at approximately $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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