Barrington Research Cuts Marcus (NYSE:MCS) Price Target to $24.00

Marcus (NYSE:MCS) had its target price cut by Barrington Research from $25.00 to $24.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Benchmark dropped their target price on Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Marcus Trading Down 2.2%

Shares of Marcus stock opened at $14.89 on Monday. The firm has a market capitalization of $457.27 million, a PE ratio of 62.04, a price-to-earnings-growth ratio of 1.92 and a beta of 0.55. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $15.51 and its 200 day moving average is $15.36. Marcus has a 1 year low of $12.85 and a 1 year high of $22.38.

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

Marcus declared that its Board of Directors has approved a stock buyback program on Friday, October 31st that authorizes the company to buyback 4,000,000 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, November 25th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Marcus’s dividend payout ratio (DPR) is currently 133.33%.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after acquiring an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 937 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Marcus by 656.0% in the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after purchasing an additional 4,999 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Marcus during the third quarter worth $173,000. Finally, PharVision Advisers LLC bought a new position in Marcus during the second quarter worth $180,000. 81.57% of the stock is currently owned by institutional investors.

About Marcus

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.