Marcus (NYSE:MCS) Upgraded at B. Riley

B. Riley upgraded shares of Marcus (NYSE:MCS) to a strong-buy rating in a report issued on Thursday morning,Zacks.com reports.

MCS has been the topic of several other reports. Barrington Research restated an “outperform” rating and set a $25.00 target price on shares of Marcus in a research report on Tuesday, May 6th. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and set a $25.00 target price on shares of Marcus in a research report on Friday, April 11th.

Marcus Trading Down 0.9%

Shares of MCS opened at $17.10 on Thursday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average is $16.52 and its two-hundred day moving average is $19.39. Marcus has a twelve month low of $9.56 and a twelve month high of $23.16. The firm has a market capitalization of $543.00 million, a P/E ratio of -50.30, a PEG ratio of 3.12 and a beta of 1.22.

Marcus (NYSE:MCS) last issued its earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($0.02). Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. The company had revenue of $148.77 million for the quarter, compared to analyst estimates of $145.50 million. On average, research analysts predict that Marcus will post 0.36 earnings per share for the current fiscal year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 27th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus’s dividend payout ratio (DPR) is presently -66.67%.

Institutional Trading of Marcus

Several institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Marcus by 0.8% in the fourth quarter. Invesco Ltd. now owns 64,448 shares of the company’s stock valued at $1,386,000 after purchasing an additional 511 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Marcus by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after buying an additional 624 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Marcus by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company’s stock valued at $191,000 after buying an additional 693 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Marcus by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 95,932 shares of the company’s stock valued at $1,601,000 after buying an additional 778 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Marcus by 2.2% during the fourth quarter. Swiss National Bank now owns 47,100 shares of the company’s stock valued at $1,013,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 81.57% 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. 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.