Marcus Corp. (NYSE:MCS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $28.00 price objective on the stock. Zacks Investment Research’s price objective suggests a potential upside of 11.29% from the stock’s previous close.
According to Zacks, “The Marcus Corporation engages in the lodging and entertainment industries. It operates through two segments: Movie Theatres, and Hotels and Resorts. The Company’s movie theatre division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club. It also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. The Marcus Corporation is headquartered in Milwaukee, Wisconsin. “
MCS has been the subject of a number of other reports. B. Riley reiterated a “buy” rating and issued a $25.50 price target on shares of Marcus Corp. in a research note on Monday, July 25th. Benchmark Co. lifted their price target on shares of Marcus Corp. from $25.24 to $26.11 and gave the stock a “buy” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Marcus Corp. has an average rating of “Buy” and an average price target of $29.30.
Shares of Marcus Corp. (NYSE:MCS) opened at 25.16 on Friday. The stock has a market capitalization of $693.38 million, a PE ratio of 16.36 and a beta of 0.65. The firm has a 50-day moving average of $24.05 and a 200 day moving average of $21.39. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.63.
Marcus Corp. (NYSE:MCS) last issued its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The business earned $134 million during the quarter, compared to analysts’ expectations of $129.43 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Analysts predict that Marcus Corp. will post $1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were given a dividend of $0.1125 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $0.45 annualized dividend and a yield of 1.79%. Marcus Corp.’s dividend payout ratio (DPR) is 36.00%.
In related news, VP Thomas F. Kissinger sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total transaction of $34,575.00. Following the completion of the sale, the vice president now directly owns 47,254 shares in the company, valued at $1,089,204.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas A. Neis sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total transaction of $57,425.00. Following the sale, the chief financial officer now owns 51,002 shares of the company’s stock, valued at $1,171,515.94. The disclosure for this sale can be found here. Corporate insiders own 33.75% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System raised its stake in shares of Marcus Corp. by 0.4% in the second quarter. California State Teachers Retirement System now owns 39,016 shares of the company’s stock valued at $823,000 after buying an additional 162 shares during the period. Savant Capital LLC raised its stake in shares of Marcus Corp. by 1.4% in the second quarter. Savant Capital LLC now owns 35,900 shares of the company’s stock valued at $757,000 after buying an additional 479 shares during the period. Spark Investment Management LLC acquired a new stake in shares of Marcus Corp. during the first quarter valued at about $341,000. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of Marcus Corp. during the second quarter valued at about $897,000. Finally, Geode Capital Management LLC raised its stake in shares of Marcus Corp. by 11.3% in the first quarter. Geode Capital Management LLC now owns 128,029 shares of the company’s stock valued at $2,426,000 after buying an additional 13,001 shares during the period. Institutional investors own 55.93% of the company’s stock.
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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