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

Marcus Corporation (The) (NYSE:MCS) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.25.

Several brokerages recently issued reports on MCS. B. Riley Financial lifted their price target on shares of Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Marcus in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Wedbush boosted their target price on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd.

Insider Buying and Selling at Marcus

In related news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the sale, the insider directly owned 45,801 shares of the company’s stock, valued at $872,051.04. The trade was a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 16.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Marcus

A number of institutional investors and hedge funds have recently modified their holdings of MCS. Navalign LLC bought a new position in shares of Marcus during the fourth quarter worth $33,000. Russell Investments Group Ltd. increased its position in shares of Marcus by 550.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after buying an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC increased 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 valued at $42,000 after buying an additional 937 shares in the last quarter. State of Alaska Department of Revenue increased its position 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 buying an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in shares of Marcus by 67.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after buying an additional 4,076 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

Marcus Trading Up 0.2%

Shares of MCS stock opened at $23.90 on Monday. Marcus has a 12-month low of $12.85 and a 12-month high of $24.34. The company has a market capitalization of $734.42 million, a P/E ratio of 55.58, a P/E/G ratio of 3.22 and a beta of 0.55. The firm has a 50-day moving average price of $19.37 and a 200 day moving average price of $17.20. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.41.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.03. Marcus had a net margin of 1.85% and a return on equity of 0.79%. The firm had revenue of $154.40 million during the quarter, compared to the consensus estimate of $148.78 million. Research analysts forecast that Marcus will post 0.49 earnings per share for the current fiscal year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Marcus’s payout ratio is 74.42%.

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.