Marcus (NYSE:MCS) Given New $24.00 Price Target at Barrington Research

Marcus (NYSE:MCS) had its price target decreased by Barrington Research from $25.00 to $24.00 in a report issued on Monday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Several other analysts also recently weighed in on MCS. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Benchmark cut their price target on shares of Marcus from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Marcus presently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Marcus Trading Down 2.4%

NYSE:MCS opened at $15.23 on Monday. Marcus has a 1 year low of $12.85 and a 1 year high of $22.38. The stock has a market cap of $467.77 million, a P/E ratio of 63.47, a P/E/G ratio of 1.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a 50-day simple moving average of $15.51 and a 200-day simple moving average of $15.38.

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

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Tuesday, November 25th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, November 25th. Marcus’s dividend payout ratio (DPR) is presently 133.33%.

Marcus declared that its Board of Directors has initiated a stock buyback program on Friday, October 31st that allows the company to buyback 4,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Marcus

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its position in Marcus by 550.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after acquiring an additional 1,916 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Marcus by 60.2% in the 2nd 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 increased its holdings in shares of 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 purchasing an additional 4,999 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Marcus during the third quarter worth approximately $173,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Marcus during the second quarter worth approximately $180,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.