Marcus Corporation (The) (NYSE:MCS) Stock Has Average Price Target of $32.25

Marcus Corporation (The) (NYSE:MCS) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $32.25.

Several brokerages have commented on MCS. Weiss Ratings raised shares of Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Marcus from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research raised shares of Marcus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Wedbush upped 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. Finally, Barrington Research set a $33.00 price objective on Marcus in a research note on Monday, August 3rd.

Marcus Trading Up 0.1%

MCS opened at $27.08 on Wednesday. The firm has a 50 day simple moving average of $28.48 and a 200 day simple moving average of $22.95. Marcus has a fifty-two week low of $12.85 and a fifty-two week high of $32.42. The company has a market cap of $834.94 million, a price-to-earnings ratio of 38.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. Marcus had a return on equity of 2.67% and a net margin of 2.87%.The company had revenue of $231.74 million for the quarter, compared to the consensus estimate of $217.72 million. On average, sell-side analysts anticipate that Marcus will post 0.81 earnings per share for the current year.

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.36 annualized dividend and a yield of 1.3%. This is an increase from Marcus’s previous quarterly dividend of $0.08. Marcus’s payout ratio is presently 50.70%.

Insiders Place Their Bets

In other Marcus news, Director Diane M. Gershowitz sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the director owned 125,617 shares in the company, valued at approximately $3,468,285.37. The trade was a 28.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 16.53% of the company’s stock.

Institutional Investors Weigh In On Marcus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. WINTON GROUP Ltd bought a new position in shares of Marcus in the 2nd quarter worth about $290,000. Susquehanna International Group LLP increased its holdings in Marcus by 183.1% in the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company’s stock worth $1,105,000 after purchasing an additional 30,457 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Marcus in the second quarter worth approximately $6,481,000. Bank of America Corp DE lifted its stake in Marcus by 1.8% in the first quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock valued at $1,534,000 after buying an additional 1,556 shares during the period. Finally, Empowered Funds LLC lifted 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 during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Company Profile

Marcus Corporation (NYSE:MCS) is a Wisconsin-based company operating in the entertainment and lodging industries. Its business is organized primarily through Marcus Theatres and Marcus Hotels & Resorts, serving customers across selected markets in the United States.

Marcus Theatres operates movie theaters that offer first-run films, premium large-format and other enhanced viewing experiences, food and beverage services, and other entertainment amenities. The division also operates theaters under the Marcus, Movie Tavern, and BistroPlex brands.

Marcus Hotels & Resorts owns, manages, or develops hotels and resorts in various U.S.