Marcus Corp. (MCS) Hits New 52-Week High at $22.99
Marcus Corp. (NYSE:MCS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.99 and last traded at $22.99, with a volume of 31,665 shares. The stock had previously closed at $22.48.
MCS has been the topic of a number of analyst reports. Zacks Investment Research lowered Marcus Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. TheStreet lowered Marcus Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Benchmark Co. increased their price target on Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, B. Riley reaffirmed a “buy” rating and issued a $25.50 price target on shares of Marcus Corp. in a research report on Friday, April 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Marcus Corp. presently has a consensus rating of “Hold” and an average target price of $26.15.
The company’s 50-day moving average price is $21.81 and its 200-day moving average price is $19.94. The firm has a market cap of $631.65 million and a price-to-earnings ratio of 14.90.
Marcus Corp. (NYSE:MCS) last announced its quarterly earnings data 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 earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. During the same period in the prior year, the firm earned $0.32 EPS. Marcus Corp.’s revenue for the quarter was down 2.0% on a year-over-year basis. Analysts forecast that Marcus Corp. will post $1.13 earnings per share for the current year.
The firm 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 $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Tuesday, August 23rd.
Other large investors have made changes to their positions in the company. Bank of Montreal Can increased its stake in shares of Marcus Corp. by 120.6% in the fourth quarter. Bank of Montreal Can now owns 52,969 shares of the company’s stock worth $1,005,000 after buying an additional 28,955 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Marcus Corp. by 15.8% in the fourth quarter. Victory Capital Management Inc. now owns 90,642 shares of the company’s stock worth $1,719,000 after buying an additional 12,390 shares in the last quarter. Argent Capital Management LLC increased its stake in shares of Marcus Corp. by 60.9% in the fourth quarter. Argent Capital Management LLC now owns 154,170 shares of the company’s stock worth $2,925,000 after buying an additional 58,345 shares in the last quarter. Finally, River Road Asset Management LLC increased its stake in shares of Marcus Corp. by 47.0% in the fourth quarter. River Road Asset Management LLC now owns 301,230 shares of the company’s stock worth $5,714,000 after buying an additional 96,325 shares in the last quarter.
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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