Marcus (NYSE:MCS) Given New $22.00 Price Target at Benchmark

Marcus (NYSE:MCS) had its target price cut by Benchmark from $25.00 to $22.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Saturday, September 27th. Wedbush began coverage on shares of Marcus in a research report on Friday, July 18th. They set an “outperform” rating and a $24.00 target price for the company. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Marcus in a report on Tuesday, September 23rd. Finally, Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Marcus Stock Performance

Shares of MCS opened at $14.71 on Monday. The stock has a 50 day moving average of $15.45 and a 200 day moving average of $16.44. The company has a market capitalization of $460.57 million, a price-to-earnings ratio of 32.69, a PEG ratio of 2.82 and a beta of 1.02. Marcus has a 12 month low of $14.13 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.

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

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.07. Marcus’s dividend payout ratio is presently 71.11%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Marcus by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,500,287 shares of the company’s stock worth $25,040,000 after buying an additional 59,336 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in Marcus during the 1st quarter worth approximately $745,000. American Century Companies Inc. lifted its stake in Marcus by 14.7% in the 1st quarter. American Century Companies Inc. now owns 844,953 shares of the company’s stock worth $14,102,000 after purchasing an additional 108,334 shares in the last quarter. Martingale Asset Management L P lifted its stake in Marcus by 63.2% in the 1st quarter. Martingale Asset Management L P now owns 71,446 shares of the company’s stock worth $1,192,000 after purchasing an additional 27,678 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in Marcus by 1.7% in 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 period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

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.