Marcus Corporation (The) (NYSE:MCS) Receives $23.50 Consensus Price Target from Brokerages

Shares of Marcus Corporation (The) (NYSE:MCS) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.50.

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Marcus from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Finally, Barrington Research dropped their price target on Marcus from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 26th.

Marcus Trading Up 0.8%

Marcus stock opened at $16.53 on Tuesday. 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 firm’s 50 day moving average price is $15.56 and its 200-day moving average price is $15.22. Marcus has a 1 year low of $12.85 and a 1 year high of $21.73. The stock has a market cap of $507.57 million, a P/E ratio of 68.87, a PEG ratio of 2.36 and a beta of 0.61.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 25th will be given a $0.08 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a yield of 1.9%. Marcus’s dividend payout ratio (DPR) is currently 133.33%.

Marcus declared that its board has authorized a share buyback plan on Friday, October 31st that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Marcus

Large investors have recently bought and sold shares of the business. Navalign LLC bought a new position in Marcus in the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. raised its stake in shares of Marcus by 550.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after acquiring an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Marcus by 60.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after acquiring an additional 937 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Marcus by 656.0% in the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after acquiring an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Marcus by 67.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after purchasing an additional 4,076 shares in the last quarter. 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. 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.