Marcus Corporation (The) (NYSE:MCS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Marcus Corporation (The) (NYSE:MCS) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $23.50.

MCS has been the subject of several research analyst reports. Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Marcus in a report on Monday, May 4th. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. B. Riley Financial reiterated a “buy” rating on shares of Marcus in a report on Friday, April 17th. Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Wedbush boosted their price objective on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th.

Marcus Stock Down 1.7%

Shares of NYSE:MCS opened at $17.98 on Friday. The company has a fifty day moving average of $17.60 and a 200-day moving average of $16.11. The company has a market capitalization of $553.35 million, a PE ratio of 41.81, a price-to-earnings-growth ratio of 2.53 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35. Marcus has a 52-week low of $12.85 and a 52-week high of $20.02.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.03. The company had revenue of $154.40 million during the quarter, compared to the consensus estimate of $148.78 million. Marcus had a net margin of 1.85% and a return on equity of 0.79%. On average, equities analysts predict that Marcus will post 0.47 EPS for the current fiscal year.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Wednesday, February 25th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Wednesday, February 25th. Marcus’s dividend payout ratio is presently 74.42%.

Insiders Place Their Bets

In related news, insider Michael Reade Evans sold 7,671 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the completion of the sale, the insider directly owned 45,801 shares in the company, valued at $872,051.04. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction 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 owned 199,700 shares of the company’s stock, valued at $3,458,804. The trade was a 11.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,708 shares of company stock valued at $579,646 over the last 90 days. 16.53% of the stock is currently owned by company insiders.

Institutional Trading of Marcus

A number of institutional investors and hedge funds have recently bought and sold shares of MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Marcus by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after purchasing an additional 624 shares during the period. Millennium Management LLC increased its holdings in Marcus by 11.1% in the first quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after purchasing an additional 39,118 shares during the period. Empowered Funds LLC boosted its position in Marcus by 2.1% during the first quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock valued at $2,883,000 after acquiring an additional 3,562 shares during the last quarter. Creative Planning boosted its position in Marcus by 50.6% during the second quarter. Creative Planning now owns 15,270 shares of the company’s stock valued at $257,000 after acquiring an additional 5,129 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Marcus by 3.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 291,082 shares of the company’s stock valued at $4,908,000 after acquiring an additional 8,898 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.