Marcus Corporation (The) (NYSE:MCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

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. “

Several other research analysts have also weighed in on the company. ValuEngine lowered Marcus Corporation (The) from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet lowered Marcus Corporation (The) from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Barrington Research cut their target price on Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Benchmark Co. reaffirmed a “buy” rating and issued a $34.00 target price (down from $37.00) on shares of Marcus Corporation (The) in a research report on Wednesday, October 4th. Finally, B. Riley set a $36.00 target price on Marcus Corporation (The) and gave the stock a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Marcus Corporation (The) currently has an average rating of “Buy” and a consensus price target of $35.67.

Shares of Marcus Corporation (MCS) opened at 27.00 on Friday. The stock has a 50 day moving average price of $26.90 and a 200-day moving average price of $29.37. Marcus Corporation has a 52 week low of $23.85 and a 52 week high of $34.90. The firm has a market capitalization of $751.11 million, a PE ratio of 17.88 and a beta of 0.73.

Marcus Corporation (The) (NYSE:MCS) last issued its earnings results on Thursday, July 27th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). The firm had revenue of $152.80 million during the quarter, compared to analysts’ expectations of $158.43 million. Marcus Corporation (The) had a return on equity of 10.78% and a net margin of 7.18%. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share. Equities analysts anticipate that Marcus Corporation will post $1.45 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Downgrades Marcus Corporation (The) (MCS) to Sell” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/10/22/zacks-investment-research-downgrades-marcus-corporation-the-mcs-to-sell.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Marcus Corporation (The) by 9.4% in the 2nd quarter. Vanguard Group Inc. now owns 1,054,210 shares of the company’s stock valued at $31,836,000 after purchasing an additional 90,670 shares in the last quarter. Northern Trust Corp increased its holdings in Marcus Corporation (The) by 3.3% in the 2nd quarter. Northern Trust Corp now owns 973,881 shares of the company’s stock valued at $29,410,000 after purchasing an additional 31,520 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Marcus Corporation (The) by 45.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 530,462 shares of the company’s stock valued at $16,020,000 after purchasing an additional 165,790 shares in the last quarter. State Street Corp increased its holdings in Marcus Corporation (The) by 2.2% in the 2nd quarter. State Street Corp now owns 491,067 shares of the company’s stock valued at $14,829,000 after purchasing an additional 10,405 shares in the last quarter. Finally, LSV Asset Management increased its holdings in Marcus Corporation (The) by 15.9% in the 2nd quarter. LSV Asset Management now owns 462,500 shares of the company’s stock valued at $13,967,000 after purchasing an additional 63,400 shares in the last quarter. Hedge funds and other institutional investors own 59.39% of the company’s stock.

About Marcus Corporation (The)

The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

Receive News & Stock Ratings for Marcus Corporation (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus Corporation (The) and related stocks with our FREE daily email newsletter.