Marcus Corp. (MCS) Stock Rating Reaffirmed by Wedbush
Marcus Corp. (NYSE:MCS)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued on Wednesday.
MCS has been the subject of a number of other research reports. Zacks Investment Research upgraded Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, September 28th. Benchmark Co. raised their price objective on Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a research report on Monday, September 26th. Finally, B. Riley reiterated a “buy” rating and issued a $31.00 price objective on shares of Marcus Corp. in a research report on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $29.55.
Marcus Corp. (NYSE:MCS) opened at 28.45 on Wednesday. Marcus Corp. has a 12 month low of $17.44 and a 12 month high of $29.10. The firm’s 50-day moving average price is $25.89 and its 200-day moving average price is $22.73. The firm has a market cap of $786.10 million, a price-to-earnings ratio of 17.12 and a beta of 0.39.
Marcus Corp. (NYSE:MCS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. Marcus Corp. had a return on equity of 9.20% and a net margin of 6.55%. The company earned $144.70 million during the quarter, compared to the consensus estimate of $526.63 million. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts predict that Marcus Corp. will post $1.32 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, November 28th will be issued a $0.1125 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.58%. Marcus Corp.’s payout ratio is presently 36.59%.
In other news, Director Philip L. Milstein sold 4,000 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the completion of the transaction, the director now directly owns 80,213 shares of the company’s stock, valued at approximately $1,948,373.77. The sale was disclosed in a legal filing with the SEC, which is available at this link. 33.75% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan boosted its stake in Marcus Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the company’s stock worth $104,000 after buying an additional 70 shares in the last quarter. California State Teachers Retirement System boosted its stake in Marcus Corp. by 0.4% in the second quarter. California State Teachers Retirement System now owns 39,016 shares of the company’s stock worth $823,000 after buying an additional 162 shares in the last quarter. Two Sigma Advisers LP boosted its stake in Marcus Corp. by 0.9% in the third quarter. Two Sigma Advisers LP now owns 44,029 shares of the company’s stock worth $1,102,000 after buying an additional 401 shares in the last quarter. Savant Capital LLC boosted its stake in Marcus Corp. by 1.4% in the second quarter. Savant Capital LLC now owns 35,900 shares of the company’s stock worth $757,000 after buying an additional 479 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in Marcus Corp. by 5.7% in the third quarter. First Trust Advisors LP now owns 10,252 shares of the company’s stock worth $257,000 after buying an additional 556 shares in the last quarter. 55.67% of the stock is owned by institutional investors and hedge funds.
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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