Marcus (NYSE:MCS) Stock Passes Above 200-Day Moving Average – Here’s Why

Marcus Corporation (The) (NYSE:MCS)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.14 and traded as high as $30.22. Marcus shares last traded at $29.7260, with a volume of 343,914 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Wall Street Zen upgraded Marcus from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings raised Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. B. Riley Financial lowered Marcus from a “buy” rating to a “neutral” rating and increased their price target for the stock from $27.00 to $29.00 in a research note on Friday, July 31st. Finally, Benchmark raised their price objective on Marcus from $22.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Marcus Stock Performance

The company has a market cap of $916.45 million, a price-to-earnings ratio of 41.87 and a beta of 0.51. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $25.05 and its 200 day moving average price is $20.14.

Marcus (NYSE:MCS) last released 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 net margin of 2.87% and a return on equity of 2.67%. The business had revenue of $231.74 million for the quarter, compared to analysts’ expectations of $217.72 million. On average, analysts expect that Marcus Corporation will post 0.81 EPS for the current fiscal year.

Marcus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a $0.09 dividend. This is a boost from Marcus’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, August 25th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. Marcus’s dividend payout ratio (DPR) is 45.07%.

Institutional Trading of Marcus

Several institutional investors have recently made changes to their positions in MCS. Navalign LLC purchased a new position in shares of Marcus in the 4th quarter worth $33,000. Russell Investments Group Ltd. boosted its holdings in Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after acquiring an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after acquiring an additional 937 shares during the period. State of Alaska Department of Revenue grew its position in Marcus by 656.0% during the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after acquiring an additional 4,999 shares during the period. Finally, Meeder Asset Management Inc. grew its position in Marcus by 67.6% during the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after acquiring an additional 4,076 shares during the period. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.