Marcus Corporation (The) (NYSE:MCS) Stock Has Average Price Target of $32.25

Shares of Marcus Corporation (The) (NYSE:MCS) have been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $32.25.

Several analysts recently weighed in on MCS shares. Benchmark upped their price objective on Marcus from $22.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. B. Riley Financial downgraded Marcus from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $27.00 to $29.00 in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Marcus from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Wedbush increased their price objective on shares of Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 31st.

Insider Activity at Marcus

In other news, Director Diane M. Gershowitz sold 50,000 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the sale, the director directly owned 125,617 shares in the company, valued at approximately $3,468,285.37. The trade was a 28.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 16.53% of the company’s stock.

Hedge Funds Weigh In On Marcus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Saber Capital Managment LLC acquired a new position in shares of Marcus in the fourth quarter worth approximately $7,836,000. Bank of New York Mellon Corp acquired a new position in Marcus in the second quarter valued at $6,481,000. Heartland Advisors Inc. boosted its position in Marcus by 24.4% during the first quarter. Heartland Advisors Inc. now owns 255,000 shares of the company’s stock valued at $4,378,000 after acquiring an additional 50,000 shares during the last quarter. Empowered Funds LLC boosted its position in Marcus by 2.8% during the first quarter. Empowered Funds LLC now owns 181,793 shares of the company’s stock valued at $3,121,000 after acquiring an additional 5,023 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Marcus by 8.5% during the 1st quarter. Quantinno Capital Management LP now owns 102,006 shares of the company’s stock worth $1,751,000 after acquiring an additional 8,024 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Price Performance

MCS stock opened at $27.08 on Wednesday. The company’s 50-day moving average price is $28.48 and its two-hundred day moving average price is $22.90. The firm has a market cap of $834.94 million, a P/E ratio of 38.14 and a beta of 0.58. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34. Marcus has a 12 month low of $12.85 and a 12 month high of $32.42.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.16. The company had revenue of $231.74 million during the quarter, compared to the consensus estimate of $217.72 million. Marcus had a net margin of 2.87% and a return on equity of 2.67%. On average, analysts anticipate that Marcus will post 0.81 earnings per share for the current fiscal year.

Marcus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th were given a $0.09 dividend. This is a boost from Marcus’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date was Tuesday, August 25th. Marcus’s dividend payout ratio is 50.70%.

Marcus Company Profile

Marcus Corporation (NYSE:MCS) is a Wisconsin-based company operating in the entertainment and lodging industries. Its business is organized primarily through Marcus Theatres and Marcus Hotels & Resorts, serving customers across selected markets in the United States.

Marcus Theatres operates movie theaters that offer first-run films, premium large-format and other enhanced viewing experiences, food and beverage services, and other entertainment amenities. The division also operates theaters under the Marcus, Movie Tavern, and BistroPlex brands.

Marcus Hotels & Resorts owns, manages, or develops hotels and resorts in various U.S.