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

Marcus Corporation (The) (NYSE:MCS) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $32.25.

A number of research firms have weighed in on MCS. Barrington Research set a $33.00 target price on shares of Marcus in a research note on Monday, August 3rd. B. Riley Financial lowered shares of Marcus from a “buy” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $29.00 in a report on Friday, July 31st. Wedbush lifted their price objective on shares of Marcus from $23.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings upgraded shares of Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Benchmark upped their target price on Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, July 31st.

Marcus Stock Down 0.4%

MCS opened at $29.87 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. Marcus has a fifty-two week low of $12.85 and a fifty-two week high of $32.42. The company has a fifty day moving average of $24.86 and a two-hundred day moving average of $20.04. The stock has a market capitalization of $920.89 million, a price-to-earnings ratio of 42.07 and a beta of 0.51.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.16. The business had revenue of $231.74 million for the quarter, compared to the consensus estimate of $217.72 million. Marcus had a net margin of 2.87% and a return on equity of 2.67%. On average, research analysts expect that Marcus will post 0.81 earnings per share for the current year.

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $0.36 annualized dividend and a yield of 1.2%. This is a boost from Marcus’s previous quarterly dividend of $0.08. Marcus’s dividend payout ratio (DPR) is currently 45.07%.

Institutional Investors Weigh In On Marcus

A number of hedge funds have recently added to or reduced their stakes in MCS. Saber Capital Managment LLC acquired a new stake in shares of Marcus during the 4th quarter valued at approximately $7,836,000. Bank of New York Mellon Corp acquired a new stake in shares of Marcus during the second quarter valued at $6,481,000. Pacific Ridge Capital Partners LLC acquired a new stake in shares of Marcus during the 4th quarter worth about $2,594,000. Bastion Asset Management Inc. grew its stake in Marcus by 70.1% in the 4th quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock worth $5,716,000 after acquiring an additional 154,439 shares during the period. Finally, Orbis Allan Gray Ltd grew its position in shares of Marcus by 7.9% in the fourth 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. Institutional investors and hedge funds 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.