Marcus Corp. (NYSE:MCS) – Equities research analysts at Barrington Research cut their Q4 2017 EPS estimates for Marcus Corp. in a note issued to investors on Monday. Barrington Research analyst J. Goss now anticipates that the firm will post earnings per share of $0.26 for the quarter, down from their previous estimate of $0.29.
Several other brokerages have also recently issued reports on MCS. Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday, September 28th. Benchmark Co. lifted their target price on shares of Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a research report on Monday, September 26th. Finally, B. Riley reissued a “buy” rating and issued a $30.00 target price on shares of Marcus Corp. in a research report on Tuesday, August 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $29.30.
Shares of Marcus Corp. (NYSE:MCS) traded up 0.40% during mid-day trading on Tuesday, hitting $25.37. 51,344 shares of the company’s stock traded hands. The stock has a market cap of $699.17 million, a P/E ratio of 16.50 and a beta of 0.66. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.74. The stock has a 50 day moving average price of $24.35 and a 200-day moving average price of $21.63.
Marcus Corp. (NYSE:MCS) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $134 million for the quarter, compared to the consensus estimate of $129.43 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year.
Several large investors have recently modified their holdings of the stock. Quotient Investors LLC purchased a new stake in shares of Marcus Corp. during the third quarter valued at approximately $383,000. MSI Financial Services Inc increased its position in shares of Marcus Corp. by 14.3% in the third quarter. MSI Financial Services Inc now owns 24,156 shares of the company’s stock valued at $605,000 after buying an additional 3,018 shares during the period. Dalton Greiner Hartman Maher & Co. increased its position in shares of Marcus Corp. by 1.9% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 67,339 shares of the company’s stock valued at $1,686,000 after buying an additional 1,264 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of Marcus Corp. by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,276 shares of the company’s stock valued at $1,209,000 after buying an additional 966 shares during the period. Finally, Arizona State Retirement System bought a new position in shares of Marcus Corp. during the second quarter valued at about $206,000. Institutional investors own 55.91% of the company’s stock.
In other news, Director Philip L. Milstein sold 4,000 shares of the business’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $24.29, for a total value of $97,160.00. Following the sale, the director now owns 80,213 shares in the company, valued at approximately $1,948,373.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas A. Neis sold 2,500 shares of the business’s stock in a transaction 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 completion of 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.
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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