Marcus Corporation (The) Plans Quarterly Dividend of $0.08 (NYSE:MCS)

Marcus Corporation (The) (NYSE:MCS) declared a quarterly dividend on Wednesday, November 5th. Investors of record on Tuesday, November 25th will be given a dividend of 0.08 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Tuesday, November 25th.

Marcus has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Marcus has a dividend payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Marcus to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 69.6%.

Marcus Price Performance

MCS opened at $15.40 on Thursday. The stock’s 50-day moving average price is $14.75 and its 200 day moving average price is $16.04. Marcus has a 12-month low of $12.85 and a 12-month high of $23.16. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.40. The firm has a market cap of $482.03 million, a price-to-earnings ratio of 34.21, a PEG ratio of 3.06 and a beta of 1.00.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Friday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Marcus had a net margin of 1.91% and a return on equity of 4.28%. The company had revenue of $210.15 million during the quarter, compared to analysts’ expectations of $214.14 million. As a group, sell-side analysts expect that Marcus will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On Marcus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Marcus by 4.1% in the first quarter. Vanguard Group Inc. now owns 1,500,287 shares of the company’s stock valued at $25,040,000 after buying an additional 59,336 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in Marcus in the first quarter valued at approximately $745,000. American Century Companies Inc. lifted its stake in Marcus by 14.7% in the first quarter. American Century Companies Inc. now owns 844,953 shares of the company’s stock valued at $14,102,000 after buying an additional 108,334 shares during the last quarter. Martingale Asset Management L P lifted its stake in Marcus by 63.2% in the first quarter. Martingale Asset Management L P now owns 71,446 shares of the company’s stock valued at $1,192,000 after buying an additional 27,678 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. lifted its stake in Marcus by 1.7% in the first quarter. Mesirow Financial Investment Management Inc. now owns 208,170 shares of the company’s stock valued at $3,474,000 after buying an additional 3,437 shares during the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Company Profile

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.