Marcus (NYSE:MCS) Stock Price Up 18.9% Following Earnings Beat

Marcus Corporation (The) (NYSE:MCS)’s stock price shot up 18.9% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $29.42 and last traded at $29.6850. 415,345 shares were traded during trading, an increase of 129% from the average daily volume of 181,208 shares. The stock had previously closed at $24.96.

The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.17. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $231.74 million for the quarter, compared to the consensus estimate of $217.72 million.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. Marcus’s payout ratio is currently 74.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a report on Monday, May 4th. B. Riley Financial upped their price target on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Wedbush raised their price objective on Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $24.25.

Institutional Trading of Marcus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake 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 last quarter. Empowered Funds LLC raised its stake in shares of Marcus by 2.8% in the first 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. Quantinno Capital Management LP raised its stake in shares of Marcus by 8.5% in the first quarter. Quantinno Capital Management LP now owns 102,006 shares of the company’s stock worth $1,751,000 after purchasing an additional 8,024 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Marcus during the first quarter worth about $844,000. Finally, Heartland Advisors Inc. lifted its holdings in shares of Marcus by 24.4% during the first quarter. Heartland Advisors Inc. now owns 255,000 shares of the company’s stock worth $4,378,000 after purchasing an additional 50,000 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Price Performance

The stock has a fifty day moving average of $22.07 and a 200 day moving average of $18.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market cap of $910.22 million, a price-to-earnings ratio of 68.97, a P/E/G ratio of 3.12 and a beta of 0.51.

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.