Marcus Corp. (NYSE:MCS) shares were down 2.7% during mid-day trading on Wednesday . The company traded as low as $21.27 and last traded at $21.51, with a volume of 113,924 shares. The stock had previously closed at $22.11.

A number of research analysts have recently issued reports on MCS shares. Zacks Investment Research upgraded shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, May 11th. B. Riley lowered their target price on shares of Marcus Corp. from $27.75 to $25.50 in a research report on Wednesday, March 30th. Finally, TheStreet downgraded shares of Marcus Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 28th.

The stock has a 50 day moving average of $21.17 and a 200-day moving average of $19.54. The firm has a market capitalization of $590.95 million and a P/E ratio of 14.09.

Marcus Corp. (NYSE:MCS) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.11. The business earned $125 million during the quarter, compared to analyst estimates of $119.25 million. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities research analysts forecast that Marcus Corp. will post $1.11 EPS for the current fiscal year.

In other news, Director Philip L. Milstein sold 33,500 shares of Marcus Corp. stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $20.15, for a total value of $675,025.00. Following the transaction, the director now owns 79,274 shares of the company’s stock, valued at approximately $1,597,371.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A hedge fund recently raised its stake in Marcus Corp. stock. Bank of Montreal Can raised its stake in Marcus Corp. (NYSE:MCS) by 120.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,969 shares of the company’s stock after buying an additional 28,955 shares during the period. Bank of Montreal Can owned about 0.19% of Marcus Corp. worth $1,005,000 as of its most recent filing with the SEC.

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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