Marcus (NYSE:MCS) Upgraded to “Buy” at ValuEngine

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Marcus (NYSE:MCS) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered Marcus from a “hold” rating to a “sell” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.50.

Shares of MCS traded up $1.01 during mid-day trading on Thursday, hitting $35.26. The stock had a trading volume of 168,800 shares, compared to its average volume of 194,570. The firm has a market cap of $1.05 billion, a P/E ratio of 18.18, a PEG ratio of 1.23 and a beta of 0.55. The business has a fifty day moving average price of $35.11 and a 200-day moving average price of $35.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.39 and a quick ratio of 0.39. Marcus has a 52 week low of $31.90 and a 52 week high of $45.82.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, July 25th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $232.50 million for the quarter, compared to analyst estimates of $227.65 million. Marcus had a return on equity of 9.59% and a net margin of 6.00%. As a group, research analysts expect that Marcus will post 1.84 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of MCS. Marshall Wace LLP purchased a new stake in shares of Marcus in the first quarter worth approximately $1,573,000. Marshall Wace North America L.P. purchased a new stake in shares of Marcus in the first quarter worth approximately $99,000. WINTON GROUP Ltd lifted its position in shares of Marcus by 194.9% in the second quarter. WINTON GROUP Ltd now owns 17,655 shares of the company’s stock worth $582,000 after purchasing an additional 11,668 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of Marcus by 7.3% in the second quarter. Bessemer Group Inc. now owns 58,200 shares of the company’s stock worth $1,918,000 after purchasing an additional 3,945 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Marcus by 1.8% in the second quarter. Arizona State Retirement System now owns 33,829 shares of the company’s stock worth $1,115,000 after purchasing an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 64.65% of the company’s stock.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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