Marcus (NYSE:MCS) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Marcus (NYSE:MCS) in a report issued on Wednesday morning, Analyst Price Targets reports. The brokerage issued a neutral rating and a $25.00 price target on the stock.

Several other analysts have also commented on the stock. TheStreet raised shares of Marcus from a d rating to a c- rating in a research note on Thursday, November 18th. Zacks Investment Research raised shares of Marcus from a sell rating to a hold rating and set a $21.00 target price for the company in a research note on Tuesday, October 12th. B. Riley increased their target price on shares of Marcus from $25.00 to $28.00 and gave the company a buy rating in a research note on Monday, October 11th. Finally, Barrington Research increased their target price on shares of Marcus from $22.00 to $24.00 and gave the company an outperform rating in a research note on Friday, November 5th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $24.50.

Shares of NYSE:MCS opened at $19.02 on Wednesday. The stock has a 50 day moving average of $18.28. The firm has a market cap of $597.61 million, a price-to-earnings ratio of -6.51 and a beta of 1.82. Marcus has a twelve month low of $11.01 and a twelve month high of $24.71. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.58.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Wednesday, November 3rd. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.43. The company had revenue of $145.86 million during the quarter, compared to analyst estimates of $125.99 million. Marcus had a negative net margin of 27.24% and a negative return on equity of 18.80%. During the same period in the prior year, the business posted ($1.22) EPS. Equities analysts forecast that Marcus will post -1.84 earnings per share for the current fiscal year.

In other Marcus news, CEO Gregory S. Marcus sold 1,898 shares of the company’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $20.39, for a total value of $38,700.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Gregory S. Marcus sold 28,018 shares of the company’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $20.53, for a total transaction of $575,209.54. The disclosure for this sale can be found here. 28.57% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Marcus by 5.8% during the 3rd quarter. Comerica Bank now owns 97,803 shares of the company’s stock worth $1,827,000 after purchasing an additional 5,326 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Marcus during the 3rd quarter worth $352,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Marcus by 105.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 23,581 shares of the company’s stock worth $411,000 after buying an additional 12,084 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Marcus by 86.5% during the 3rd quarter. Squarepoint Ops LLC now owns 73,177 shares of the company’s stock worth $1,277,000 after buying an additional 33,948 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Marcus by 242.8% during the 3rd quarter. Two Sigma Advisers LP now owns 58,638 shares of the company’s stock worth $1,023,000 after buying an additional 41,533 shares during the period. Institutional investors own 72.17% of the company’s stock.

Marcus Company Profile

Marcus Corp. engages in operating movie theatres, hotels, and resorts. It operates through the following business segments: Theatres and Hotels & Resorts. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts.

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