Analysts Set Marcus Corporation (The) (NYSE:MCS) Price Target at $23.75

Marcus Corporation (The) (NYSE:MCS) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $23.75.

A number of research analysts recently commented on the company. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Marcus in a report on Friday, December 12th. Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Monday. Finally, Benchmark cut their target price on shares of Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Monday, October 6th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its position in Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after purchasing an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after buying an additional 937 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Marcus by 45.3% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,599 shares of the company’s stock valued at $111,000 after buying an additional 2,057 shares in the last quarter. PharVision Advisers LLC bought a new position in shares of Marcus in the 2nd quarter valued at about $180,000. Finally, Mackenzie Financial Corp bought a new position in shares of Marcus in the 3rd quarter valued at about $173,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Trading Down 1.6%

Shares of MCS stock opened at $15.26 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a fifty day simple moving average of $15.26 and a two-hundred day simple moving average of $15.58. The firm has a market capitalization of $468.76 million, a PE ratio of 63.60, a PEG ratio of 1.71 and a beta of 0.55. Marcus has a 52-week low of $12.85 and a 52-week high of $22.38.

Marcus (NYSE:MCS) last released its quarterly earnings data on Friday, October 31st. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Marcus had a return on equity of 1.71% and a net margin of 1.02%.The business had revenue of $210.15 million during the quarter, compared to the consensus estimate of $214.14 million. On average, analysts predict that Marcus will post 0.36 EPS for the current fiscal year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, November 25th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Marcus’s payout ratio is 133.33%.

Marcus announced that its board has initiated a share buyback program on Friday, October 31st that permits the company to repurchase 4,000,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.