Marcus Corporation (The) (NYSE:MCS) Receives $23.75 Average Price Target from Analysts

Marcus Corporation (The) (NYSE:MCS) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.75.

A number of equities analysts recently weighed in on the stock. Benchmark lowered their price target on shares of Marcus from $25.00 to $22.00 and set a “buy” rating on the stock in a research report on Monday, October 6th. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a report on Friday, December 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th.

Institutional Trading of Marcus

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bastion Asset Management Inc. purchased a new stake in Marcus during the 3rd quarter worth about $3,395,000. Squarepoint Ops LLC grew its holdings in Marcus by 332.2% in the 2nd quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock valued at $2,735,000 after buying an additional 124,664 shares during the period. Marshall Wace LLP grew its holdings in Marcus by 55.2% in the third quarter. Marshall Wace LLP now owns 340,486 shares of the company’s stock valued at $5,281,000 after purchasing an additional 121,035 shares during the period. Orbis Allan Gray Ltd increased its holdings in shares of Marcus by 9.1% during the 2nd quarter. Orbis Allan Gray Ltd now owns 1,375,121 shares of the company’s stock worth $23,185,000 after buying an additional 114,556 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Marcus by 94.5% during the second quarter. Acadian Asset Management LLC now owns 223,886 shares of the company’s stock worth $3,772,000 after acquiring an additional 108,771 shares during the last quarter. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

Marcus Price Performance

Shares of MCS stock opened at $15.63 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s 50-day moving average is $15.51 and its 200 day moving average is $15.39. The company has a market cap of $480.00 million, a P/E ratio of 65.13, a PEG ratio of 1.88 and a beta of 0.55. Marcus has a 1-year low of $12.85 and a 1-year high of $22.38.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.01). Marcus had a net margin of 1.02% and a return on equity of 1.71%. The firm had revenue of $210.15 million during the quarter, compared to analyst estimates of $214.14 million. Research analysts predict that Marcus will post 0.36 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. Marcus’s dividend payout ratio is currently 133.33%.

Marcus declared that its Board of Directors has authorized a stock buyback program on Friday, October 31st that authorizes the company to buyback 4,000,000 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.