Marcus (NYSE:MCS) Director Diane Gershowitz Sells 50,000 Shares of Company Stock

Marcus Corporation (The) (NYSE:MCS) Director Diane Gershowitz sold 50,000 shares of the firm’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 transaction of $1,380,500.00. Following the sale, the director owned 125,617 shares of the company’s stock, valued at approximately $3,468,285.37. The trade was a 28.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Marcus Trading Up 1.5%

Shares of Marcus stock opened at $28.21 on Friday. The stock has a market capitalization of $869.87 million, a P/E ratio of 39.74 and a beta of 0.52. Marcus Corporation has a 52-week low of $12.85 and a 52-week high of $32.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The stock’s 50-day simple moving average is $27.96 and its 200 day simple moving average is $22.45.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.16. Marcus had a return on equity of 2.67% and a net margin of 2.87%.The firm had revenue of $231.74 million for the quarter, compared to the consensus estimate of $217.72 million. As a group, research analysts anticipate that Marcus Corporation will post 0.81 EPS 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 issued a dividend of $0.09 per share. This is a positive change from Marcus’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Tuesday, August 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. Marcus’s payout ratio is currently 50.70%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. B. Riley Financial lowered Marcus from a “buy” rating to a “neutral” rating and lifted their target price for the company from $27.00 to $29.00 in a report on Friday, July 31st. Barrington Research set a $33.00 price target on shares of Marcus in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. 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 note on Friday, July 31st. Finally, Benchmark boosted their price objective on shares of 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 assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Marcus presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Institutional Investors Weigh In On Marcus

Large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in Marcus during the second quarter worth about $290,000. Susquehanna International Group LLP lifted its holdings in shares of Marcus by 183.1% during the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company’s stock valued at $1,105,000 after purchasing an additional 30,457 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Marcus during the second quarter valued at approximately $6,481,000. Bank of America Corp DE lifted its holdings in shares of Marcus by 1.8% during the first quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock valued at $1,534,000 after purchasing an additional 1,556 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Marcus by 2.8% in the 1st quarter. Empowered Funds LLC now owns 181,793 shares of the company’s stock worth $3,121,000 after purchasing an additional 5,023 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

Marcus Corporation is a diversified hospitality and entertainment company headquartered in Milwaukee, Wisconsin. Founded in 1935, the company operates through two primary business segments: movie theatres and hotels and resorts.

Through Marcus Theatres, the company owns and operates cinemas under the Marcus Theatres and Movie Tavern brands, offering first-run films, premium viewing experiences, food and beverage service, and other entertainment amenities. Its theatres are located primarily in the Midwestern United States, with additional locations in other regions.

Through Marcus Hotels & Resorts, the company owns, manages, or develops hotels, resorts, and related hospitality properties.