Marcus Corp. (MCS) Reaches New 1-Year High at $23.86
Marcus Corp. (NYSE:MCS) shares reached a new 52-week high during trading on Monday . The stock traded as high as $23.86 and last traded at $23.85, with a volume of 46,205 shares changing hands. The stock had previously closed at $23.66.
A number of research firms have issued reports on MCS. Zacks Investment Research lowered shares of Marcus Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. TheStreet lowered shares of Marcus Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. Benchmark Co. boosted their target price on shares of Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, B. Riley reissued a “buy” rating and set a $30.00 target price on shares of Marcus Corp. in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Marcus Corp. has an average rating of “Hold” and a consensus target price of $27.28.
The company has a market capitalization of $656.18 million and a P/E ratio of 15.48. The firm has a 50 day moving average price of $22.16 and a 200 day moving average price of $20.05.
Marcus Corp. (NYSE:MCS) last released its earnings results on Thursday, July 28th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The company had revenue of $134 million for the quarter, compared to analyst estimates of $129.43 million. Marcus Corp.’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 earnings per share. On average, equities research analysts anticipate that Marcus Corp. will post $1.13 earnings per share for the current year.
The business also recently announced 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 annualized dividend and a yield of 1.90%. The ex-dividend date is Tuesday, August 23rd.
In related news, VP Thomas F. Kissinger sold 1,500 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total transaction of $34,575.00. Following the completion of the transaction, the vice president now directly owns 47,254 shares in the company, valued at approximately $1,089,204.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Marcus Corp. stock. Victory Capital Management Inc. raised its position in shares of Marcus Corp. (NYSE:MCS) by 15.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 90,642 shares of the company’s stock after buying an additional 12,390 shares during the period. Victory Capital Management Inc. owned approximately 0.33% of Marcus Corp. worth $1,719,000 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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