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

Shares of Marcus Corporation (The) (NYSE:MCS) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.50.

A number of research firms have issued reports on MCS. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th. Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a report on Monday, March 2nd. Finally, Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd.

Marcus Stock Performance

Shares of MCS opened at $19.04 on Wednesday. The company has a 50-day simple moving average of $16.59 and a two-hundred day simple moving average of $15.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $584.72 million, a PE ratio of 47.60, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55. Marcus has a one year low of $12.85 and a one year high of $19.49.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The firm had revenue of $193.50 million during the quarter, compared to the consensus estimate of $185.19 million. Marcus had a return on equity of 0.46% and a net margin of 1.67%. On average, analysts anticipate that Marcus will post 0.36 EPS for the current fiscal year.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, February 25th. Marcus’s dividend payout ratio is 80.00%.

Insiders Place Their Bets

In other Marcus news, VP Thomas F. Kissinger sold 25,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $17.32, for a total value of $433,000.00. Following the sale, the vice president directly owned 199,700 shares of the company’s stock, valued at approximately $3,458,804. The trade was a 11.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 10.40% of the company’s stock.

Institutional Investors Weigh In On Marcus

Several hedge funds have recently added to or reduced their stakes in MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Marcus by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after acquiring an additional 624 shares in the last quarter. Millennium Management LLC raised its holdings in Marcus by 11.1% in the first quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock worth $6,553,000 after buying an additional 39,118 shares during the last quarter. Empowered Funds LLC raised its holdings in Marcus by 2.1% in the first quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock worth $2,883,000 after buying an additional 3,562 shares during the last quarter. Creative Planning raised its holdings in Marcus by 50.6% in the second quarter. Creative Planning now owns 15,270 shares of the company’s stock worth $257,000 after buying an additional 5,129 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Marcus by 53.1% in the 2nd quarter. Hsbc Holdings PLC now owns 47,988 shares of the company’s stock worth $821,000 after purchasing an additional 16,648 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

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.