Zacks Investment Research Upgrades Marcus Corp. (MCS) to “Buy”
Marcus Corp. (NYSE:MCS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $28.00 target price on the stock. Zacks Investment Research’s price target indicates a potential upside of 12.36% from the stock’s current price.
According to Zacks, “The Marcus Corporation engages in the lodging and entertainment industries. It operates through two segments: Movie Theatres, and Hotels and Resorts. The Company’s movie theatre division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club. It also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. The Marcus Corporation is headquartered in Milwaukee, Wisconsin. “
A number of other equities research analysts also recently weighed in on MCS. B. Riley restated a “buy” rating and issued a $25.50 price target on shares of Marcus Corp. in a research note on Thursday, August 4th. Benchmark Co. raised their price target on shares of Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $29.30.
Shares of Marcus Corp. (NYSE:MCS) opened at 24.92 on Wednesday. Marcus Corp. has a 52-week low of $17.44 and a 52-week high of $25.30. The firm has a market capitalization of $686.77 million, a price-to-earnings ratio of 16.20 and a beta of 0.60. The firm has a 50-day moving average of $23.61 and a 200 day moving average of $21.06.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The company had revenue of $134 million for the quarter, compared to the consensus estimate of $129.43 million. During the same period last year, the company posted $0.32 EPS. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that Marcus Corp. will post $1.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were given a dividend of $0.1125 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $0.45 annualized dividend and a yield of 1.81%. Marcus Corp.’s dividend payout ratio is presently 36.00%.
In other Marcus Corp. news, Director Philip L. Milstein sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $24.29, for a total transaction of $97,160.00. Following the completion of the transaction, the director now owns 80,213 shares in the company, valued at approximately $1,948,373.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $22.97, for a total transaction of $57,425.00. Following the transaction, the chief financial officer now owns 51,002 shares of the company’s stock, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. Corporate insiders own 33.75% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boston Advisors LLC raised its position in Marcus Corp. by 0.8% in the first quarter. Boston Advisors LLC now owns 23,180 shares of the company’s stock valued at $439,000 after buying an additional 190 shares during the last quarter. Spark Investment Management LLC bought a new stake in Marcus Corp. during the first quarter valued at $341,000. DUPONT CAPITAL MANAGEMENT Corp bought a new stake in Marcus Corp. during the second quarter valued at $897,000. Renaissance Technologies LLC raised its stake in Marcus Corp. by 48.2% in the first quarter. Renaissance Technologies LLC now owns 235,300 shares of the company’s stock valued at $4,459,000 after buying an additional 76,503 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Marcus Corp. by 11.3% in the first quarter. Geode Capital Management LLC now owns 128,029 shares of the company’s stock valued at $2,426,000 after buying an additional 13,001 shares in the last quarter. Hedge funds and other institutional investors own 55.93% of the company’s stock.
About Marcus Corp.
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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