Marcus Corp. (MCS) Receives $29.55 Average Price Target from Brokerages
Marcus Corp. (NYSE:MCS) has been assigned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $29.55.
Several research firms have recently weighed in on MCS. Wedbush reiterated an “outperform” rating on shares of Marcus Corp. in a research note on Wednesday. B. Riley reiterated a “buy” rating and issued a $31.00 price objective on shares of Marcus Corp. in a research note on Monday, October 31st. Zacks Investment Research upgraded shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, October 7th. Finally, Benchmark Co. lifted their price target on shares of Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a research report on Monday, September 26th.
Marcus Corp. (NYSE:MCS) opened at 28.50 on Thursday. The company has a market capitalization of $787.48 million, a price-to-earnings ratio of 17.15 and a beta of 0.39. The stock has a 50 day moving average of $25.55 and a 200 day moving average of $22.51. Marcus Corp. has a 12 month low of $17.44 and a 12 month high of $28.95.
Marcus Corp. (NYSE:MCS) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The company earned $144.70 million during the quarter, compared to analyst estimates of $526.63 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.20%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities analysts anticipate that Marcus Corp. will post $1.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, November 28th will be issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Wednesday, November 23rd. Marcus Corp.’s dividend payout ratio is 36.59%.
In other Marcus Corp. news, Director Philip L. Milstein sold 4,000 shares of Marcus Corp. stock in a transaction 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 transaction, the director now directly owns 80,213 shares of the company’s stock, valued at approximately $1,948,373.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 33.75% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its position in Marcus Corp. by 9.9% in the third quarter. BlackRock Fund Advisors now owns 1,359,733 shares of the company’s stock worth $34,048,000 after buying an additional 122,993 shares in the last quarter. Northern Trust Corp increased its position in Marcus Corp. by 1.3% in the third quarter. Northern Trust Corp now owns 919,085 shares of the company’s stock worth $23,013,000 after buying an additional 12,212 shares in the last quarter. Vanguard Group Inc. increased its position in Marcus Corp. by 12.6% in the second quarter. Vanguard Group Inc. now owns 898,738 shares of the company’s stock worth $18,965,000 after buying an additional 100,457 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Marcus Corp. by 0.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 597,419 shares of the company’s stock worth $14,959,000 after buying an additional 3,670 shares in the last quarter. Finally, LSV Asset Management increased its position in Marcus Corp. by 22.2% in the second quarter. LSV Asset Management now owns 525,640 shares of the company’s stock worth $11,091,000 after buying an additional 95,353 shares in the last quarter. 55.67% of the stock is currently owned by hedge funds and other institutional investors.
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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