Marcus (NYSE:MCS) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Marcus Corporation (The) (NYSE:MCS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.77 and traded as high as $30.51. Marcus shares last traded at $29.54, with a volume of 239,527 shares.

Wall Street Analysts Forecast Growth

MCS has been the subject of a number of recent research reports. Wedbush boosted their price objective on shares of Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Zacks Research upgraded Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Barrington Research set a $33.00 price target on Marcus in a report on Monday, August 3rd. Weiss Ratings raised Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Finally, Benchmark boosted their price objective on Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.25.

Marcus Stock Performance

The business’s fifty day moving average is $26.06 and its two-hundred day moving average is $20.87. The stock has a market capitalization of $895.98 million, a PE ratio of 40.93 and a beta of 0.51. 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 (NYSE:MCS) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. The firm 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%. As a group, research analysts anticipate that Marcus Corporation will post 0.81 EPS for the current fiscal year.

Marcus Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.08. Marcus’s dividend payout ratio is currently 50.70%.

Institutional Investors Weigh In On Marcus

Large investors have recently modified their holdings of the business. Navalign LLC purchased a new stake in shares of Marcus during the fourth quarter worth about $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 holdings in shares of Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after buying an additional 937 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of 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 buying an additional 4,076 shares during the last quarter. Finally, HRT Financial LP acquired a new stake in Marcus during the fourth quarter worth about $168,000. 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.