Marcus Corporation (The) (NYSE:MCS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Marcus Corporation (The) (NYSE:MCS) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.25.

Several brokerages have recently commented on MCS. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Marcus in a research note on Monday, May 4th. Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Wedbush upped their price objective on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, B. Riley Financial upped their price objective on shares of Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 11th.

Insider Activity at Marcus

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

Hedge Funds Weigh In On Marcus

Hedge funds and other institutional investors have recently modified their holdings of the company. Navalign LLC bought a new position in shares of Marcus during the fourth quarter valued at about $33,000. Russell Investments Group Ltd. raised 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 worth $35,000 after buying an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after buying an additional 937 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Marcus by 656.0% in the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after buying an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after buying an additional 4,076 shares in the last quarter. 81.57% of the stock is owned by institutional investors.

Marcus Stock Performance

NYSE MCS opened at $24.62 on Monday. The company has a 50-day simple moving average of $19.83 and a two-hundred day simple moving average of $17.49. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.41. Marcus has a 12-month low of $12.85 and a 12-month high of $24.89. The firm has a market cap of $756.57 million, a price-to-earnings ratio of 57.26, a PEG ratio of 3.36 and a beta of 0.55.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.03. Marcus had a net margin of 1.85% and a return on equity of 0.79%. The business had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. On average, equities analysts forecast that Marcus will post 0.49 EPS for the current year.

Marcus Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, June 1st. Marcus’s dividend payout ratio is 74.42%.

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.