Marcus Corp (NYSE:MCS) Director Diane M. Gershowitz sold 29,540 shares of Marcus stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $41.24, for a total value of $1,218,229.60. Following the completion of the sale, the director now owns 207,955 shares of the company’s stock, valued at $8,576,064.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Marcus stock opened at $40.55 on Friday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.61 and a beta of 0.71. The company has a quick ratio of 0.47, a current ratio of 0.46 and a debt-to-equity ratio of 0.51. Marcus Corp has a one year low of $29.25 and a one year high of $45.82.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 21st. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. The business had revenue of $175.03 million during the quarter, compared to the consensus estimate of $175.00 million. Marcus had a net margin of 7.55% and a return on equity of 11.96%. On average, sell-side analysts anticipate that Marcus Corp will post 1.71 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Marcus’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.58%. Marcus’s payout ratio is currently 32.99%.

MCS has been the subject of several recent research reports. Barrington Research restated a “buy” rating and issued a $49.00 price objective on shares of Marcus in a report on Thursday, February 21st. Zacks Investment Research upgraded Marcus from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday, January 16th. Benchmark lifted their price objective on Marcus to $45.00 and gave the company a “buy” rating in a report on Friday, February 22nd. Finally, B. Riley set a $41.00 price objective on Marcus and gave the company a “hold” rating in a report on Saturday, February 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $45.75.

A number of institutional investors have recently made changes to their positions in MCS. Prudential Financial Inc. raised its holdings in Marcus by 175.2% in the fourth quarter. Prudential Financial Inc. now owns 357,625 shares of the company’s stock worth $14,125,000 after purchasing an additional 227,652 shares in the last quarter. Man Group plc bought a new position in Marcus in the third quarter worth about $5,355,000. Nordea Investment Management AB bought a new position in Marcus in the fourth quarter worth about $4,475,000. EAM Investors LLC bought a new position in Marcus in the third quarter worth about $4,341,000. Finally, Renaissance Technologies LLC raised its holdings in Marcus by 33.7% in the third quarter. Renaissance Technologies LLC now owns 401,580 shares of the company’s stock worth $16,886,000 after purchasing an additional 101,280 shares in the last quarter. Institutional investors and hedge funds own 59.10% of the company’s stock.

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Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.

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Insider Buying and Selling by Quarter for Marcus (NYSE:MCS)

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