Marcus Corporation (The) (NYSE:MCS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Marcus Corporation (The) (NYSE:MCS) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $23.50.

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd. Barrington Research decreased their price target on shares of Marcus from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th.

Institutional Investors Weigh In On Marcus

Several hedge funds have recently modified their holdings of MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Marcus by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after buying an additional 624 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after acquiring an additional 937 shares during the period. Savant Capital LLC increased its holdings in shares of Marcus by 7.8% in the 3rd quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock valued at $204,000 after acquiring an additional 955 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of Marcus by 0.5% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Marcus by 1.2% during the 3rd quarter. Bank of America Corp DE now owns 102,695 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,205 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Stock Up 1.5%

NYSE:MCS opened at $16.03 on Tuesday. The company has a market cap of $492.34 million, a price-to-earnings ratio of 66.80, a price-to-earnings-growth ratio of 2.02 and a beta of 0.61. Marcus has a twelve month low of $12.85 and a twelve month high of $22.38. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.38. The stock has a fifty day simple moving average of $15.54 and a 200-day simple moving average of $15.19.

Marcus announced that its board has authorized a stock repurchase plan on Friday, October 31st that permits the company to repurchase 4,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.32 annualized dividend and a dividend yield of 2.0%. Marcus’s dividend payout ratio (DPR) is currently 133.33%.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.