Marcus Corporation (The) (NYSE:MCS) Receives $23.50 Average Price Target from Analysts

Marcus Corporation (The) (NYSE:MCS) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to 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 equities analysts have recently issued reports on the company. Zacks Research downgraded Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Finally, Barrington Research restated an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research report on Monday, March 2nd.

Marcus Stock Performance

Shares of Marcus stock opened at $15.63 on Friday. The stock has a market cap of $480.00 million, a price-to-earnings ratio of 39.08, a P/E/G ratio of 2.19 and a beta of 0.57. Marcus has a twelve month low of $12.85 and a twelve month high of $18.80. The company’s fifty day moving average is $15.90 and its 200 day moving average is $15.38. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.37.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 26th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). Marcus had a return on equity of 0.46% and a net margin of 1.67%.The company had revenue of $193.50 million for the quarter, compared to analyst estimates of $185.19 million. Sell-side analysts forecast that Marcus will post 0.36 EPS for the current year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Wednesday, February 25th. Marcus’s dividend payout ratio (DPR) is presently 80.00%.

Insider Buying and Selling at Marcus

In other news, VP Thomas F. Kissinger sold 25,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $17.32, for a total value of $433,000.00. Following the transaction, the vice president directly owned 199,700 shares of the company’s stock, valued at $3,458,804. The trade was a 11.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 15.82% of the company’s stock.

Institutional Investors Weigh In On Marcus

Hedge funds have recently added to or reduced their stakes in the business. Navalign LLC bought a new position in shares of Marcus during the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. increased its stake in shares of 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 in the last quarter. Tower Research Capital LLC TRC lifted its position 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 valued at $42,000 after acquiring an additional 937 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Marcus by 656.0% during the 4th 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 during the period. Finally, Meeder Asset Management Inc. boosted its stake in Marcus by 67.6% during the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after acquiring an additional 4,076 shares in the last quarter. 81.57% of the stock is currently 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.