Marcus Corporation (The) (NYSE:MCS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Marcus Corporation (The) (NYSE:MCS) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $23.3333.

MCS has been the topic of several analyst reports. Wedbush boosted their price target on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. B. Riley Financial restated a “buy” rating on shares of Marcus in a research note on Friday, April 17th. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Marcus in a research note on Monday, May 4th.

Marcus Price Performance

Shares of NYSE MCS opened at $19.01 on Thursday. The firm has a market cap of $584.18 million, a PE ratio of 44.21, a PEG ratio of 2.62 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. Marcus has a 1-year low of $12.85 and a 1-year high of $20.02. The company has a fifty day moving average price of $17.96 and a 200 day moving average price of $16.51.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.03. The firm had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. Marcus had a net margin of 1.85% and a return on equity of 0.79%. Research analysts predict that Marcus will post 0.47 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, June 1st. Marcus’s dividend payout ratio is currently 74.42%.

Insider Transactions at Marcus

In other news, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $17.32, for a total transaction of $433,000.00. Following the completion of the transaction, the vice president directly owned 199,700 shares in the company, valued at $3,458,804. This represents a 11.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Reade Evans sold 7,671 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the transaction, the insider owned 45,801 shares of the company’s stock, valued at approximately $872,051.04. This represents a 14.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 32,708 shares of company stock valued at $579,646. Company insiders own 16.53% of the company’s stock.

Hedge Funds Weigh In On Marcus

A number of large investors have recently modified their holdings of the business. Saber Capital Managment LLC bought a new stake in shares of Marcus in the 4th quarter valued at about $7,836,000. Bastion Asset Management Inc. bought a new stake in shares of Marcus in the 3rd quarter valued at about $3,395,000. Pacific Ridge Capital Partners LLC bought a new stake in shares of Marcus in the 4th quarter valued at about $2,594,000. Orbis Allan Gray Ltd raised its holdings in shares of Marcus by 7.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock valued at $29,714,000 after purchasing an additional 141,064 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in shares of Marcus by 332.2% in the 2nd quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock valued at $2,735,000 after purchasing an additional 124,664 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.