Marcus (NYSE:MCS) Sets New 52-Week High – Here’s Why

Marcus Corporation (The) (NYSE:MCS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $21.25 and last traded at $21.11, with a volume of 167894 shares. The stock had previously closed at $20.61.

Wall Street Analyst Weigh In

Several research firms have weighed in on MCS. Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Marcus in a report on Monday, May 4th. Wedbush lifted their target price on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. B. Riley Financial restated a “buy” rating on shares of Marcus in a report on Friday, April 17th. Finally, Weiss Ratings lowered Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Marcus currently has an average rating of “Moderate Buy” and a consensus price target of $23.33.

Marcus Stock Up 2.4%

The firm has a market cap of $648.71 million, a P/E ratio of 49.09, a price-to-earnings-growth ratio of 2.90 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $18.67 and a 200-day moving average of $16.83.

Marcus (NYSE:MCS) last released its earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $154.40 million for the quarter, compared to analyst estimates of $148.78 million. On average, equities research analysts anticipate that Marcus Corporation will post 0.47 earnings per share for the current year.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, June 1st. Marcus’s dividend payout ratio is presently 74.42%.

Insider Transactions at Marcus

In related news, insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the sale, the insider owned 45,801 shares in the company, valued at approximately $872,051.04. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 16.53% of the company’s stock.

Hedge Funds Weigh In On Marcus

A number of institutional investors have recently bought and sold shares of MCS. Saber Capital Managment LLC acquired a new position in Marcus during the fourth quarter worth approximately $7,836,000. Bastion Asset Management Inc. acquired a new position in Marcus during the third quarter worth approximately $3,395,000. Pacific Ridge Capital Partners LLC acquired a new position in Marcus during the fourth quarter worth approximately $2,594,000. Orbis Allan Gray Ltd increased its position in Marcus by 7.9% during the fourth quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock worth $29,714,000 after buying an additional 141,064 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Marcus by 332.2% during the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock worth $2,735,000 after buying an additional 124,664 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.