Marcus Corporation (The) (MCS) Given Consensus Rating of “Buy” by Brokerages

Marcus Corporation (The) (NYSE:MCS) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $37.60.

Several brokerages recently issued reports on MCS. ValuEngine downgraded shares of Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet downgraded shares of Marcus Corporation (The) from a “b-” rating to a “c” rating in a research note on Thursday, August 3rd. B. Riley reiterated a “buy” rating and issued a $38.00 target price on shares of Marcus Corporation (The) in a research note on Saturday, July 29th. Barrington Research cut their target price on shares of Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Marcus Corporation (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th.

A number of hedge funds have recently modified their holdings of MCS. Westwood Holdings Group Inc. lifted its position in Marcus Corporation (The) by 45.5% during the second quarter. Westwood Holdings Group Inc. now owns 530,462 shares of the company’s stock worth $16,020,000 after acquiring an additional 165,790 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Marcus Corporation (The) by 241.4% during the second quarter. ClariVest Asset Management LLC now owns 144,131 shares of the company’s stock worth $4,352,000 after acquiring an additional 101,913 shares during the last quarter. Vanguard Group Inc. lifted its position in Marcus Corporation (The) by 9.4% during the second quarter. Vanguard Group Inc. now owns 1,054,210 shares of the company’s stock worth $31,836,000 after acquiring an additional 90,670 shares during the last quarter. Nordea Investment Management AB lifted its position in Marcus Corporation (The) by 1,387.0% during the second quarter. Nordea Investment Management AB now owns 80,300 shares of the company’s stock worth $2,425,000 after acquiring an additional 74,900 shares during the last quarter. Finally, Dana Investment Advisors Inc. acquired a new stake in Marcus Corporation (The) during the second quarter worth approximately $2,206,000. Hedge funds and other institutional investors own 59.49% of the company’s stock.

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Marcus Corporation (MCS) opened at 25.40 on Wednesday. Marcus Corporation has a 52-week low of $22.82 and a 52-week high of $34.90. The firm has a market cap of $706.60 million, a PE ratio of 16.82 and a beta of 0.66. The company’s 50 day moving average price is $25.90 and its 200 day moving average price is $30.18.

Marcus Corporation (The) (NYSE:MCS) last issued its earnings results on Thursday, July 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.03). Marcus Corporation (The) had a net margin of 7.18% and a return on equity of 10.78%. The firm had revenue of $152.80 million during the quarter, compared to analyst estimates of $158.43 million. During the same quarter last year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts predict that Marcus Corporation will post $1.55 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.50 annualized dividend and a yield of 1.97%. Marcus Corporation (The)’s dividend payout ratio (DPR) is presently 33.11%.

Marcus Corporation (The) Company Profile

The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

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