Marcus (NYSE:MCS) Hits New 12-Month High – Time to Buy?

Marcus Corporation (The) (NYSE:MCS) reached a new 52-week high on Tuesday . The stock traded as high as $24.96 and last traded at $24.78, with a volume of 127538 shares changing hands. The stock had previously closed at $24.48.

Analyst Upgrades and Downgrades

MCS has been the topic of several research reports. Weiss Ratings cut shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Wedbush lifted their price objective on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Zacks Research raised shares of Marcus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. B. Riley Financial increased their target price on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Finally, Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Marcus presently has a consensus rating of “Buy” and an average price target of $24.25.

Marcus Trading Up 14.7%

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 company has a market cap of $879.65 million, a PE ratio of 66.56, a P/E/G ratio of 3.12 and a beta of 0.51. The company has a fifty day simple moving average of $22.07 and a two-hundred day simple moving average of $18.72.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $217.72 million. Analysts anticipate that Marcus Corporation will post 0.53 EPS for the current year.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. Marcus’s payout ratio is currently 74.42%.

Institutional Investors Weigh In On Marcus

A number of large investors have recently modified their holdings of MCS. Bank of America Corp DE lifted its position in shares of Marcus by 1.8% during the 1st quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,556 shares during the last quarter. Empowered Funds LLC raised its stake in Marcus by 2.8% in the first quarter. Empowered Funds LLC now owns 181,793 shares of the company’s stock valued at $3,121,000 after buying an additional 5,023 shares in the last quarter. Quantinno Capital Management LP lifted 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 buying an additional 8,024 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Marcus during the 1st quarter worth about $844,000. Finally, Heartland Advisors Inc. lifted its holdings in Marcus by 24.4% during the 1st quarter. Heartland Advisors Inc. now owns 255,000 shares of the company’s stock worth $4,378,000 after buying an additional 50,000 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.