Marcus (NYSE:MCS) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Marcus (NYSE:MCS) in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a $25.00 target price on the stock.

Other equities research analysts have also recently issued reports about the stock. B. Riley initiated coverage on shares of Marcus in a research report on Friday, May 16th. They set a “buy” rating and a $24.00 price target on the stock. Wall Street Zen cut shares of Marcus from a “buy” rating to a “hold” rating in a research report on Thursday, May 15th. Finally, Benchmark reissued a “buy” rating and set a $25.00 price target on shares of Marcus in a research report on Friday, April 11th.

Marcus Price Performance

Shares of NYSE MCS opened at $17.09 on Friday. The firm has a market cap of $534.73 million, a PE ratio of -50.25, a PEG ratio of 3.12 and a beta of 1.22. 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 has a 1-year low of $9.56 and a 1-year high of $23.16. The company has a fifty day moving average price of $16.58 and a 200 day moving average price of $19.27.

Marcus (NYSE:MCS) last announced its earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. The company had revenue of $148.77 million during the quarter, compared to analyst estimates of $145.50 million. Research analysts predict that Marcus will post 0.36 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Tuesday, May 27th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, May 27th. This represents a $0.28 annualized dividend and a yield of 1.64%. Marcus’s dividend payout ratio (DPR) is presently -66.67%.

Institutional Investors Weigh In On Marcus

Several institutional investors and hedge funds have recently added to or reduced their stakes in MCS. Acadian Asset Management LLC raised its holdings in shares of Marcus by 492.8% in the 1st quarter. Acadian Asset Management LLC now owns 115,115 shares of the company’s stock valued at $1,916,000 after purchasing an additional 95,697 shares during the period. Empowered Funds LLC raised its holdings in shares of Marcus by 2.1% in the 1st quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock valued at $2,883,000 after purchasing an additional 3,562 shares during the period. Caxton Associates LLP bought a new stake in shares of Marcus in the 1st quarter valued at about $530,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Marcus in the 1st quarter valued at about $299,000. Finally, Petrus Trust Company LTA bought a new stake in shares of Marcus in the 1st quarter valued at about $920,000. 81.57% of the stock is owned by 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.