Marcus (NYSE:MCS) Sets New 12-Month High – Should You Buy?

Shares of The Marcus Co. (NYSE:MCS) reached a new 52-week high on Monday . The company traded as high as $22.89 and last traded at $22.87, with a volume of 74739 shares trading hands. The stock had previously closed at $22.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MCS shares. StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Barrington Research reissued an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a research note on Wednesday, November 13th. Finally, Benchmark boosted their target price on Marcus from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, November 25th.

Marcus Stock Performance

The company has a market capitalization of $728.76 million, a PE ratio of -66.59, a PEG ratio of 5.12 and a beta of 1.48. The firm’s 50-day simple moving average is $18.46 and its 200-day simple moving average is $14.41. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.07 per share. The ex-dividend date is Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.21%. Marcus’s payout ratio is currently -82.35%.

Insider Buying and Selling at Marcus

In other news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the transaction, the vice president now owns 186,585 shares of the company’s stock, valued at $4,162,711.35. The trade was a 4.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marcus

Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Marcus by 83.2% during the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after buying an additional 294,593 shares during the period. Barclays PLC grew its position in Marcus by 135.3% during the 3rd quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after purchasing an additional 225,644 shares during the period. AQR Capital Management LLC raised its stake in shares of Marcus by 71.0% during the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after buying an additional 183,909 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Marcus by 35.6% in the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after buying an additional 60,921 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Marcus by 2,057.5% during the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock worth $790,000 after acquiring an additional 49,977 shares during the period. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Company Profile

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.