Marcus (NYSE:MCS) Insider Michael Reade Evans Sells 7,671 Shares of Stock

Marcus Corporation (The) (NYSE:MCS) insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction on 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link.

Michael Reade Evans also recently made the following trade(s):

• On Friday, March 20th, Michael Reade Evans sold 37 shares of Marcus stock. The shares were sold at an average price of $15.94, for a total transaction of $589.78.

Marcus Price Performance

MCS stock opened at $19.81 on Friday. The stock has a market capitalization of $608.27 million, a PE ratio of 49.52, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55. The company’s 50-day moving average is $16.98 and its 200-day moving average is $15.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.40 and a quick ratio of 0.40. Marcus Corporation has a 1 year low of $12.85 and a 1 year high of $20.02.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The business had revenue of $193.50 million during the quarter, compared to the consensus estimate of $185.19 million. Marcus had a net margin of 1.67% and a return on equity of 0.46%. Equities research analysts expect that Marcus Corporation will post 0.36 EPS for the current fiscal year.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Wednesday, February 25th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.32 annualized dividend and a yield of 1.6%. Marcus’s dividend payout ratio is presently 80.00%.

Hedge Funds Weigh In On Marcus

A number of institutional investors have recently added to or reduced their stakes in the business. Saber Capital Managment LLC bought a new position in shares of Marcus in the 4th quarter worth $7,836,000. Bastion Asset Management Inc. purchased a new position in Marcus in the third quarter worth $3,395,000. Pacific Ridge Capital Partners LLC bought a new position in Marcus in the fourth quarter valued at $2,594,000. Orbis Allan Gray Ltd increased its stake in Marcus by 7.9% in the fourth quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock valued at $29,714,000 after acquiring an additional 141,064 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in Marcus by 332.2% during the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock valued at $2,735,000 after purchasing an additional 124,664 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barrington Research restated an “outperform” rating and issued a $24.00 target price on shares of Marcus in a research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Marcus in a report on Friday. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

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.