Marcus (NYSE:MCS) Raised to “Strong-Buy” at Zacks Research

Marcus (NYSE:MCS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on MCS. Wedbush increased their target price on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research report on Monday, May 4th. Weiss Ratings cut shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, B. Riley Financial increased their price objective on shares of Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $24.25.

Marcus Stock Down 1.1%

Shares of NYSE MCS opened at $23.20 on Tuesday. The firm has a fifty day simple moving average of $20.09 and a two-hundred day simple moving average of $17.65. Marcus has a 12 month low of $12.85 and a 12 month high of $24.89. 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 $713.00 million, a PE ratio of 53.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.51.

Marcus (NYSE:MCS) last issued its quarterly 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. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The company had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. Equities analysts expect that Marcus will post 0.49 earnings per share for the current year.

Insider Activity at Marcus

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

Institutional Trading of Marcus

A number of institutional investors have recently made changes to their positions in MCS. Navalign LLC bought a new stake in shares of Marcus in the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. lifted its position in Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after purchasing an additional 1,916 shares during the period. Tower Research Capital LLC TRC lifted its position in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after purchasing an additional 937 shares during the period. State of Alaska Department of Revenue boosted its holdings in Marcus by 656.0% in the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after purchasing an additional 4,999 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after purchasing an additional 4,076 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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.