Marcus Corporation (The) (NYSE:MCS) Given Average Rating of “Buy” by Analysts

Marcus Corporation (The) (NYSE:MCS) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $24.25.

Several equities research analysts have commented on MCS shares. Weiss Ratings downgraded Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Zacks Research raised Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. B. Riley Financial upped their price target on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Wedbush increased their price objective on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. 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.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently added to or reduced their stakes in MCS. Navalign LLC purchased a new position in Marcus in the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. raised its stake in shares of Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after purchasing an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after purchasing an additional 937 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Marcus by 656.0% during the fourth 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 in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Marcus by 67.6% during the fourth 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 during the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Marcus Stock Performance

Shares of MCS opened at $22.54 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $20.91 and its 200-day moving average price is $18.17. Marcus has a 52 week low of $12.85 and a 52 week high of $24.89. The stock has a market cap of $692.50 million, a P/E ratio of 52.41, a P/E/G ratio of 2.81 and a beta of 0.51.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $148.78 million. Equities research analysts anticipate that Marcus will post 0.53 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.08 per share. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.4%. Marcus’s dividend payout ratio is presently 74.42%.

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.