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

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

MCS has been the subject of several recent research reports. Benchmark boosted their price target on Marcus from $22.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen raised Marcus from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Barrington Research set a $33.00 target price on shares of Marcus in a research note on Monday, August 3rd. Wedbush upped their target price on shares of Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, B. Riley Financial lowered Marcus from a “buy” rating to a “neutral” rating and lifted their target price for the company from $27.00 to $29.00 in a report on Friday, July 31st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Navalign LLC acquired a new stake in shares of Marcus during the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. grew its stake in shares of Marcus by 550.6% during 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 during the period. Tower Research Capital LLC TRC grew its holdings in shares of Marcus by 60.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after purchasing an additional 937 shares during the period. California State Teachers Retirement System boosted its position in shares of Marcus by 492.7% in the second quarter. California State Teachers Retirement System now owns 7,320 shares of the company’s stock worth $172,000 after buying an additional 6,085 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after purchasing an additional 4,076 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Stock Performance

Shares of NYSE:MCS opened at $27.32 on Friday. The firm’s 50-day moving average is $26.57 and its 200 day moving average is $21.34. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $842.28 million, a price-to-earnings ratio of 38.48 and a beta of 0.52. Marcus has a 12 month low of $12.85 and a 12 month high of $32.42.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.35 by $0.16. The company 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%. Research analysts predict that Marcus will post 0.81 EPS for the current year.

Marcus Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.3%. This is a positive change from Marcus’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, August 25th. Marcus’s dividend payout ratio is presently 50.70%.

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.