Marcus (NYSE:MCS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Marcus (NYSE:MCS) from a hold rating to a buy rating in a research note released on Saturday.

MCS has been the subject of several other research reports. B. Riley Financial cut shares of Marcus from a “buy” rating to a “neutral” rating and raised their target price for the stock from $27.00 to $29.00 in a report on Friday. Zacks Research raised Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Barrington Research restated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a research note on Monday, May 4th. Wedbush lifted their price target on Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Weiss Ratings cut shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Marcus presently has an average rating of “Moderate Buy” and a consensus target price of $32.25.

Marcus Stock Performance

MCS opened at $30.60 on Friday. The firm’s 50-day moving average price is $22.76 and its 200-day moving average price is $19.02. The company has a market cap of $940.31 million, a P/E ratio of 43.10, a price-to-earnings-growth ratio of 3.64 and a beta of 0.51. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34. Marcus has a 52-week low of $12.85 and a 52-week high of $32.42.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.16. Marcus had a return on equity of 2.67% and a net margin of 2.87%.The company had revenue of $231.74 million during the quarter, compared to analysts’ expectations of $217.72 million. As a group, equities analysts anticipate that Marcus will post 0.53 EPS for the current fiscal year.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. Marcus’s payout ratio is 45.07%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after buying an additional 624 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Marcus by 29.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock valued at $46,000 after buying an additional 678 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after acquiring an additional 937 shares during the period. Mesirow Financial Investment Management Inc. raised its position in Marcus by 0.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after acquiring an additional 1,028 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Marcus by 1.2% in the third quarter. Bank of America Corp DE now owns 102,695 shares of the company’s stock worth $1,593,000 after acquiring an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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. 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.