Marcus’ (MCS) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Marcus (NYSE:MCS) in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a $24.00 target price on the stock.

MCS has been the topic of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Zacks Research downgraded shares of Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Marcus Price Performance

Shares of NYSE MCS opened at $17.45 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 0.37. Marcus has a twelve month low of $12.85 and a twelve month high of $18.80. The stock has a 50 day moving average of $15.74 and a two-hundred day moving average of $15.31. The stock has a market cap of $535.89 million, a P/E ratio of 43.63, a P/E/G ratio of 2.41 and a beta of 0.57.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The business had revenue of $193.50 million for the quarter, compared to analysts’ expectations of $185.19 million. Marcus had a return on equity of 0.46% and a net margin of 1.67%. On average, research analysts forecast that Marcus will post 0.36 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. Marcus’s dividend payout ratio is presently 80.00%.

Institutional Trading of Marcus

Several hedge funds and other institutional investors have recently made changes to their positions in MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Marcus by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after purchasing an additional 624 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Marcus by 29.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock worth $46,000 after buying an additional 678 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 valued at $42,000 after buying an additional 937 shares during the period. Savant Capital LLC boosted its stake in shares of Marcus by 7.8% in the third quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock valued at $204,000 after buying an additional 955 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its holdings in Marcus by 0.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after acquiring an additional 1,028 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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.