Marcus Corporation (The) (NYSE:MCS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Marcus Corporation (The) (NYSE:MCS) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $23.50.

MCS has been the subject of several analyst reports. Zacks Research lowered Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Finally, Barrington Research restated an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research report on Monday, March 2nd.

Marcus Stock Down 1.9%

Shares of MCS stock opened at $15.62 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. Marcus has a 12 month low of $12.85 and a 12 month high of $18.80. The stock has a market cap of $479.81 million, a P/E ratio of 39.06, a P/E/G ratio of 2.23 and a beta of 0.57. The company has a 50 day simple moving average of $15.89 and a two-hundred day simple moving average of $15.38.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share 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 business had revenue of $193.50 million for the quarter, compared to analysts’ expectations of $185.19 million. On average, research analysts expect that Marcus will post 0.36 earnings per share for the current year.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. Marcus’s payout ratio is 80.00%.

Insider Transactions at Marcus

In related news, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction that occurred 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Marcus

Several large investors have recently added to or reduced their stakes in the company. Navalign LLC bought a new position in shares of Marcus in the fourth quarter worth approximately $33,000. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Marcus by 60.2% during the 2nd 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 raised its position in shares of Marcus by 656.0% during the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after purchasing an additional 4,999 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of 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 buying an additional 4,076 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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.