Marcus (NYSE:MCS) Hits New 12-Month High – What’s Next?

Marcus Corporation (The) (NYSE:MCS)’s share price hit a new 52-week high on Wednesday . The company traded as high as $22.82 and last traded at $22.6840, with a volume of 237945 shares. The stock had previously closed at $22.03.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wedbush increased their price target on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings lowered Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. B. Riley Financial increased their price target on Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Barrington Research reissued an “outperform” rating and set a $25.00 price target on shares of Marcus in a research note on Monday, May 4th. Finally, Zacks Research raised Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.25.

Marcus Stock Up 3.0%

The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $697.08 million, a PE ratio of 52.75, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The firm has a 50-day moving average of $19.06 and a two-hundred day moving average of $17.03.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.03. The business had revenue of $154.40 million for the quarter, compared to analyst estimates of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. On average, equities research analysts forecast that Marcus Corporation will post 0.49 EPS for the current year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Marcus’s dividend payout ratio (DPR) is 74.42%.

Insider Buying and Selling at Marcus

In related news, insider Michael Reade Evans sold 7,671 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the transaction, the insider directly owned 45,801 shares of the company’s stock, valued at approximately $872,051.04. This trade represents a 14.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.53% of the company’s stock.

Institutional Trading of Marcus

Several large investors have recently added to or reduced their stakes in the stock. Orbis Allan Gray Ltd increased its holdings in Marcus by 7.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock valued at $29,714,000 after purchasing an additional 141,064 shares in the last quarter. KLCM Advisors Inc. increased its holdings in Marcus by 7.0% in the 4th quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company’s stock valued at $16,842,000 after purchasing an additional 70,958 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Marcus by 12.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock valued at $14,205,000 after purchasing an additional 100,480 shares in the last quarter. American Century Companies Inc. increased its holdings in Marcus by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 912,696 shares of the company’s stock valued at $14,156,000 after purchasing an additional 40,295 shares in the last quarter. Finally, Saber Capital Managment LLC acquired a new stake in Marcus in the 4th quarter valued at $7,836,000. 81.57% of the stock is currently 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. 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.