Marcus (NYSE:MCS) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Marcus Corporation (The) (NYSE:MCS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.40 and traded as high as $16.74. Marcus shares last traded at $16.4750, with a volume of 134,193 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on MCS shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Marcus in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Marcus Stock Performance

The company’s fifty day simple moving average is $16.02 and its two-hundred day simple moving average is $15.42. The company has a market capitalization of $522.63 million, a price-to-earnings ratio of 42.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.57. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Marcus had a net margin of 1.67% and a return on equity of 0.46%. The company had revenue of $193.50 million during the quarter, compared to analyst estimates of $185.19 million. Equities research analysts predict that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.32 annualized dividend and a yield of 1.9%. Marcus’s dividend payout ratio is presently 80.00%.

Insider Buying and Selling

In other Marcus news, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $17.32, for a total transaction of $433,000.00. Following the transaction, the vice president owned 199,700 shares of the company’s stock, valued at $3,458,804. This trade represents a 11.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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