Marcus Corporation (The) (NYSE:MCS) Receives $23.50 Consensus Price Target from Brokerages

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

A number of research firms have recently issued reports on MCS. Barrington Research reiterated an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a report on Monday, March 2nd. Zacks Research cut Marcus from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th.

Insider Activity

In other news, VP Thomas F. Kissinger sold 25,000 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $17.32, for a total value of $433,000.00. Following the completion of the sale, the vice president owned 199,700 shares of the company’s stock, valued at approximately $3,458,804. This represents a 11.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Marcus

Hedge funds have recently added to or reduced their stakes in the business. Navalign LLC bought a new position in shares of Marcus during the fourth quarter valued at about $33,000. Russell Investments Group Ltd. increased its holdings in shares of Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after buying an additional 1,916 shares during the period. Tower Research Capital LLC TRC lifted its stake 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 last quarter. State of Alaska Department of Revenue lifted its stake in shares of Marcus by 656.0% in the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after acquiring an additional 4,999 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Marcus by 67.6% during the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after acquiring an additional 4,076 shares during the period. 81.57% of the stock is owned by institutional investors.

Marcus Stock Performance

Marcus stock opened at $15.83 on Friday. Marcus has a fifty-two week low of $12.85 and a fifty-two week high of $18.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $486.02 million, a P/E ratio of 39.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.57. The firm’s fifty day moving average price is $15.95 and its 200-day moving average price is $15.39.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). Marcus had a return on equity of 0.46% and a net margin of 1.67%.The company had revenue of $193.50 million during the quarter, compared to analysts’ expectations of $185.19 million. On average, equities research analysts expect that Marcus will post 0.36 earnings per share for the current fiscal year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, February 25th. Marcus’s payout ratio is presently 80.00%.

About Marcus

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.