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

Shares of Marcus Corporation (The) (NYSE:MCS) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $24.25.

A number of research firms have issued reports on MCS. Wedbush increased their price target on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. B. Riley Financial increased their price target on Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Weiss Ratings cut Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and set a $25.00 price target on shares of Marcus in a report on Monday, May 4th.

Insider Activity

In other Marcus news, insider Michael Reade Evans sold 7,671 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the transaction, the insider directly owned 45,801 shares in the company, valued at approximately $872,051.04. This represents a 14.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.53% of the company’s stock.

Hedge Funds Weigh In On Marcus

A number of institutional investors have recently modified their holdings of the company. Orbis Allan Gray Ltd raised its position in shares of Marcus by 7.9% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock worth $29,714,000 after purchasing an additional 141,064 shares during the period. KLCM Advisors Inc. raised its position in shares of Marcus by 7.0% during the fourth quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company’s stock worth $16,842,000 after purchasing an additional 70,958 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Marcus by 12.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock worth $14,205,000 after purchasing an additional 100,480 shares during the period. American Century Companies Inc. raised its position in shares of Marcus by 4.6% during the third quarter. American Century Companies Inc. now owns 912,696 shares of the company’s stock worth $14,156,000 after purchasing an additional 40,295 shares during the period. Finally, Saber Capital Managment LLC acquired a new position in shares of Marcus during the fourth quarter worth approximately $7,836,000. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Stock Performance

Shares of MCS stock opened at $24.62 on Monday. The business’s 50 day simple moving average is $19.83 and its 200 day simple moving average is $17.48. Marcus has a one year low of $12.85 and a one year high of $24.89. The stock has a market capitalization of $756.57 million, a PE ratio of 57.26, a PEG ratio of 3.16 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.03. The firm had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. As a group, research analysts forecast that Marcus will post 0.49 earnings per share for the current year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 1st. Marcus’s dividend payout ratio is presently 74.42%.

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.