Marcus (NYSE:MCS) Upgraded by Zacks Research to “Strong-Buy” Rating

Marcus (NYSE:MCS) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on MCS. Barrington Research reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a report on Monday, May 4th. Weiss Ratings downgraded Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Wedbush lifted their price target on 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 lifted their price target on Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Marcus presently has a consensus rating of “Buy” and a consensus price target of $24.25.

Marcus Stock Down 1.1%

Shares of Marcus stock opened at $23.20 on Tuesday. Marcus has a one year low of $12.85 and a one year high of $24.89. The company has a market cap of $713.00 million, a P/E ratio of 53.96, a PEG ratio of 3.17 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a fifty day moving average of $20.09 and a two-hundred day moving average of $17.65.

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

Insider Buying and Selling

In other Marcus 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 transaction, the insider directly 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 16.53% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Marcus during the 4th quarter worth approximately $2,594,000. Saber Capital Managment LLC purchased a new position in Marcus in the 4th quarter valued at approximately $7,836,000. Gamco Investors INC. ET AL raised its holdings in Marcus by 12.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock worth $14,205,000 after purchasing an additional 100,480 shares during the last quarter. Teton Advisors LLC acquired a new position in Marcus during the third quarter worth $1,070,000. Finally, Bastion Asset Management Inc. raised its holdings in Marcus by 70.1% during the fourth quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock worth $5,716,000 after purchasing an additional 154,439 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other 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. 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.