Analysts Set Marcus Corporation (The) (NYSE:MCS) Target Price at $24.25

Marcus Corporation (The) (NYSE:MCS) has earned a consensus recommendation of “Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $24.25.

Several brokerages have commented on MCS. Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Barrington Research restated an “outperform” rating and set a $25.00 price objective on shares of Marcus in a research report on Monday, May 4th. Weiss Ratings cut shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. B. Riley Financial boosted their target price on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Wedbush increased their target price on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th.

Marcus Stock Down 0.2%

Shares of MCS stock opened at $23.01 on Friday. Marcus has a 1 year low of $12.85 and a 1 year high of $24.89. The stock has a market cap of $706.97 million, a PE ratio of 53.50, a price-to-earnings-growth ratio of 2.88 and a beta of 0.51. The business’s fifty day moving average is $21.01 and its 200-day moving average is $18.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. Equities analysts expect that Marcus will post 0.53 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 annualized dividend and a yield of 1.4%. Marcus’s payout ratio is 74.42%.

Institutional Investors Weigh In On Marcus

Institutional investors and hedge funds have recently modified their holdings of the stock. Navalign LLC acquired a new position in shares of Marcus in the 4th quarter worth $33,000. Russell Investments Group Ltd. raised its position in shares of Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after purchasing an additional 1,916 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after purchasing an additional 937 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Marcus by 656.0% during the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after purchasing an additional 4,999 shares during 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 valued at $157,000 after purchasing an additional 4,076 shares during the period. Institutional investors and hedge funds 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.