Marcus (NYSE:MCS) Cut to Buy at Wall Street Zen

Wall Street Zen downgraded shares of Marcus (NYSE:MCS) from a strong-buy rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Several other brokerages also recently commented on MCS. Barrington Research set a $33.00 target price on Marcus in a research note on Monday, August 3rd. Wedbush increased their price target on Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Zacks Research downgraded Marcus from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. Weiss Ratings raised shares of Marcus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Marcus in a report on Monday, October 19th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Marcus Stock Performance

Shares of NYSE MCS opened at $26.68 on Friday. The stock has a 50 day moving average price of $27.91 and a 200 day moving average price of $22.01. Marcus has a 52 week low of $14.10 and a 52 week high of $32.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The stock has a market capitalization of $822.54 million, a PE ratio of 33.77 and a beta of 0.58.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.60 EPS for the quarter, meeting analysts’ consensus estimates of $0.60. Marcus had a net margin of 2.87% and a return on equity of 2.67%. The firm had revenue of $237.75 million during the quarter, compared to analysts’ expectations of $235.65 million. Analysts predict that Marcus will post 0.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Marcus news, Director Diane M. Gershowitz sold 50,000 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the director owned 125,617 shares of the company’s stock, valued at approximately $3,468,285.37. This trade represents a 28.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in MCS. Financial Management Professionals Inc. acquired a new position in Marcus during the 3rd quarter worth about $28,000. Bank of America Corp DE increased its position in Marcus by 1.8% during the 1st quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock valued at $1,534,000 after purchasing an additional 1,556 shares during the period. USA Financial Formulas acquired a new stake in Marcus during the 3rd quarter valued at approximately $50,000. State of Wyoming acquired a new stake in Marcus during the 3rd quarter valued at approximately $70,000. Finally, Empowered Funds LLC raised its holdings in Marcus by 2.8% during the 1st quarter. Empowered Funds LLC now owns 181,793 shares of the company’s stock worth $3,121,000 after purchasing an additional 5,023 shares during the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

Marcus Corporation (NYSE: MCS) is an entertainment and hospitality company headquartered in Milwaukee, Wisconsin. Its principal businesses are conducted through Marcus Theatres and Marcus Hotels & Resorts.

Marcus Theatres operates movie theaters in the United States, primarily across the Midwest, under brands that include Marcus Theatres and Movie Tavern. Its theater operations offer film screenings, reserved seating, premium viewing formats, food and beverage service, and other cinema-related experiences.

Marcus Hotels & Resorts owns, manages, or operates hotels, resorts, restaurants, and related hospitality facilities in the United States.