Marcus (NYSE:MCS) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Marcus Corporation (The) (NYSE:MCS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.31 and traded as high as $15.56. Marcus shares last traded at $15.47, with a volume of 198,363 shares.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MCS shares. Benchmark decreased their price objective on shares of Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th. Barrington Research lowered their price objective on Marcus from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Finally, Zacks Research lowered Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Marcus currently has an average rating of “Moderate Buy” and an average price target of $23.50.

Marcus Trading Up 2.5%

The business’s 50-day moving average price is $15.52 and its 200-day moving average price is $15.31. The firm has a market capitalization of $475.08 million, a PE ratio of 64.46, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.35 and a quick ratio of 0.35.

Marcus (NYSE:MCS) last released its quarterly earnings results 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 business had revenue of $210.15 million during the quarter, compared to analysts’ expectations of $214.14 million. As a group, analysts expect that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, November 25th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, November 25th. Marcus’s payout ratio is 133.33%.

Marcus declared that its Board of Directors has initiated a stock buyback plan on Friday, October 31st that authorizes the company to repurchase 4,000,000 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd raised its stake in shares of Marcus by 9.1% during the second quarter. Orbis Allan Gray Ltd now owns 1,375,121 shares of the company’s stock worth $23,185,000 after purchasing an additional 114,556 shares during the last quarter. KLCM Advisors Inc. increased its stake in Marcus by 1.1% in the 3rd quarter. KLCM Advisors Inc. now owns 1,014,951 shares of the company’s stock valued at $15,742,000 after buying an additional 10,608 shares during the period. American Century Companies Inc. raised its position in Marcus by 4.6% during the 3rd quarter. American Century Companies Inc. now owns 912,696 shares of the company’s stock worth $14,156,000 after buying an additional 40,295 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Marcus by 0.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 820,349 shares of the company’s stock worth $13,831,000 after buying an additional 4,925 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Marcus by 11.1% in the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock worth $6,553,000 after acquiring an additional 39,118 shares during the period. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

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. 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.