Marcus Corp. (NYSE:MCS) Director Philip L. Milstein sold 4,000 shares of the stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $24.29, for a total transaction of $97,160.00. Following the transaction, the director now directly owns 80,213 shares of the company’s stock, valued at $1,948,373.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Marcus Corp. (NYSE:MCS) opened at 25.04 on Monday. The stock has a market capitalization of $690.08 million, a PE ratio of 16.28 and a beta of 0.65. Marcus Corp. has a one year low of $17.44 and a one year high of $25.30. The firm has a 50-day moving average of $23.69 and a 200-day moving average of $21.10.
Marcus Corp. (NYSE:MCS) last released its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. The company earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The company’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS. On average, equities research analysts forecast that Marcus Corp. will post $1.14 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were given a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, August 23rd. Marcus Corp.’s payout ratio is currently 36.00%.
Several research analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $25.50 price target on shares of Marcus Corp. in a report on Thursday, August 4th. Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Wednesday, June 29th. Finally, Benchmark Co. increased their price target on shares of Marcus Corp. from $25.24 to $26.11 and gave the stock a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Marcus Corp. currently has a consensus rating of “Buy” and a consensus price target of $29.30.
Several large investors have recently added to or reduced their stakes in MCS. Mairs & Power INC bought a new stake in Marcus Corp. during the second quarter valued at $2,986,000. Vanguard Group Inc. increased its stake in Marcus Corp. by 12.6% in the second quarter. Vanguard Group Inc. now owns 898,738 shares of the company’s stock valued at $18,965,000 after buying an additional 100,457 shares during the last quarter. LSV Asset Management increased its stake in Marcus Corp. by 22.2% in the second quarter. LSV Asset Management now owns 525,640 shares of the company’s stock valued at $11,091,000 after buying an additional 95,353 shares during the last quarter. Renaissance Technologies LLC increased its stake in Marcus Corp. by 48.2% in the first quarter. Renaissance Technologies LLC now owns 235,300 shares of the company’s stock valued at $4,459,000 after buying an additional 76,503 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. bought a new stake in Marcus Corp. during the second quarter valued at $1,394,000. 55.93% of the stock is owned by institutional investors.
About Marcus Corp.
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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