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 topic of a number of other research reports. B. Riley restated a buy rating and set a $25.50 target price on shares of Marcus Corp. in a research report on Monday, July 25th. Benchmark Co. increased their target price on shares of Marcus Corp. from $25.24 to $26.11 and gave the stock a buy rating in a research report on Friday, July 29th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Marcus Corp. currently has a consensus rating of Buy and an average target price of $29.30.
Shares of Marcus Corp. (NYSE:MCS) opened at 25.16 on Wednesday. The firm has a market cap of $693.38 million, a price-to-earnings ratio of 16.36 and a beta of 0.65. The firm’s 50-day moving average is $24.05 and its 200-day moving average is $21.39. Marcus Corp. has a 12-month low of $17.44 and a 12-month high of $25.63.
Marcus Corp. (NYSE:MCS) last announced its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The firm had revenue of $134 million for the quarter, compared to analyst estimates of $129.43 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. Analysts predict that Marcus Corp. will post $1.14 earnings per share for the current fiscal year.
The company also recently declared 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 dividend yield of 1.79%. Marcus Corp.’s dividend payout ratio is 36.00%.
In related news, VP Thomas F. Kissinger sold 1,500 shares of the 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 sale, the vice president now owns 47,254 shares in the company, valued at approximately $1,089,204.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas A. Neis sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was 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 in the company, valued at approximately $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 bought and sold shares of the company. BlackRock Fund Advisors increased its position in shares of Marcus Corp. by 3.1% in the second quarter. BlackRock Fund Advisors now owns 1,236,740 shares of the company’s stock valued at $26,095,000 after buying an additional 37,506 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 position in shares of 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. Ameriprise Financial Inc. increased its position in shares of Marcus Corp. by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 378,989 shares of the company’s stock valued at $7,997,000 after buying an additional 31,347 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Marcus Corp. by 5.9% in the second quarter. Panagora Asset Management Inc. now owns 150,217 shares of the company’s stock valued at $3,170,000 after buying an additional 8,335 shares during the last quarter. Institutional investors and hedge funds 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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