Marcus Corp. (NYSE:MCS) Given Average Recommendation of “Strong Buy” by Analysts
Marcus Corp. (NYSE:MCS) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating. Marcus Corp.’s rating score has improved by 40.1% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price target of $30.00 for the company and are expecting that the company will post $0.38 EPS for the current quarter, according to Zacks. Zacks has also assigned Marcus Corp. an industry rank of 152 out of 265 based on the ratings given to related companies.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, September 14th. B. Riley reissued a “buy” rating and issued a $25.50 price objective on shares of Marcus Corp. in a report on Monday, July 25th. Finally, Benchmark Co. boosted their price objective on Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a report on Friday, July 29th.
In related news, VP Thomas F. Kissinger sold 1,500 shares of Marcus Corp. stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the transaction, the vice president now owns 47,254 shares in the company, valued at approximately $1,089,204.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Douglas A. Neis sold 2,500 shares of Marcus Corp. stock in a transaction dated 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 owns 51,002 shares of the company’s stock, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. 33.75% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its position in shares of Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock valued at $123,000 after buying an additional 3,100 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Marcus Corp. during the first quarter valued at $174,000. Arizona State Retirement System acquired a new position in shares of Marcus Corp. during the second quarter valued at $206,000. BlackRock Inc. raised its position in shares of Marcus Corp. by 615.1% in the second quarter. BlackRock Inc. now owns 10,090 shares of the company’s stock valued at $213,000 after buying an additional 8,679 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of Marcus Corp. during the second quarter valued at $251,000. Hedge funds and other institutional investors own 55.93% of the company’s stock.
Shares of Marcus Corp. (NYSE:MCS) traded down 0.98% during trading on Friday, reaching $24.21. The company had a trading volume of 10,885 shares. The company has a market capitalization of $667.20 million, a PE ratio of 15.74 and a beta of 0.60. The stock’s 50-day moving average price is $23.30 and its 200-day moving average price is $20.87. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $24.45.
Marcus Corp. (NYSE:MCS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The business earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, equities analysts expect that Marcus Corp. will post $1.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a $0.1125 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.45 annualized dividend and a dividend yield of 1.84%. Marcus Corp.’s dividend payout ratio (DPR) is presently 36.00%.
Marcus Corp. Company Profile
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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