Vanguard Group Inc. Acquires 59,336 Shares of Marcus Corporation (The) $MCS

Vanguard Group Inc. lifted its stake in shares of Marcus Corporation (The) (NYSE:MCS) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,500,287 shares of the company’s stock after buying an additional 59,336 shares during the period. Vanguard Group Inc. owned about 4.73% of Marcus worth $25,040,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Allianz Asset Management GmbH acquired a new stake in Marcus in the first quarter valued at $745,000. Mesirow Financial Investment Management Inc. boosted its stake in Marcus by 1.7% during the 1st quarter. Mesirow Financial Investment Management Inc. now owns 208,170 shares of the company’s stock valued at $3,474,000 after purchasing an additional 3,437 shares during the last quarter. GAMMA Investing LLC boosted its stake in Marcus by 1,529.9% during the 1st quarter. GAMMA Investing LLC now owns 69,597 shares of the company’s stock valued at $1,162,000 after purchasing an additional 65,327 shares during the last quarter. Millennium Management LLC boosted its stake in Marcus by 28.7% during the 4th quarter. Millennium Management LLC now owns 353,516 shares of the company’s stock valued at $7,601,000 after purchasing an additional 78,932 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Marcus during the 1st quarter worth approximately $548,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on MCS. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Marcus in a report on Monday, August 4th. Wedbush assumed coverage on shares of Marcus in a research report on Friday, July 18th. They set an “outperform” rating and a $24.00 price target for the company. Wall Street Zen lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, B. Riley started coverage on Marcus in a research note on Friday, May 16th. They issued a “buy” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Marcus presently has a consensus rating of “Buy” and an average target price of $24.50.

Marcus Stock Performance

MCS stock opened at $15.35 on Friday. The stock has a market capitalization of $480.45 million, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.92 and a beta of 1.24. Marcus Corporation has a 12-month low of $13.94 and a 12-month high of $23.16. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $16.37 and its 200 day simple moving average is $17.08.

Marcus (NYSE:MCS) last released its quarterly earnings data on Friday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $206.04 million for the quarter, compared to analysts’ expectations of $192.79 million. Marcus had a return on equity of 4.28% and a net margin of 1.91%. As a group, research analysts forecast that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, August 25th will be given a $0.08 dividend. The ex-dividend date is Monday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 2.1%. Marcus’s dividend payout ratio (DPR) is currently 71.11%.

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.