Barrington Research Reiterates “Outperform” Rating for Marcus (NYSE:MCS)

Marcus (NYSE:MCS)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued on Monday,Benzinga reports. They presently have a $25.00 price objective on the stock. Barrington Research’s target price points to a potential upside of 40.78% from the company’s current price.

MCS has been the subject of several other reports. Zacks Research raised shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Wedbush raised their price target on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Marcus in a report on Friday, April 17th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Marcus Stock Up 0.8%

Shares of MCS opened at $17.76 on Monday. The company has a market capitalization of $546.52 million, a price-to-earnings ratio of 41.37, a PEG ratio of 2.33 and a beta of 0.53. Marcus has a 52 week low of $12.85 and a 52 week high of $20.02. The stock’s 50-day moving average price is $17.47 and its 200-day moving average price is $16.01. 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 (NYSE:MCS) last announced its quarterly 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. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The company had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $148.78 million. On average, sell-side analysts predict that Marcus will post 0.5 EPS for the current year.

Insider Buying and Selling

In other news, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $17.32, for a total transaction of $433,000.00. Following the transaction, the vice president owned 199,700 shares in the company, valued at $3,458,804. This trade represents a 11.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Reade Evans sold 7,671 shares of Marcus 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 $872,051.04. This represents a 14.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 32,708 shares of company stock valued at $579,646 over the last 90 days. Company insiders own 16.53% of the company’s stock.

Hedge Funds Weigh In On Marcus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Marcus by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after purchasing an additional 624 shares during the period. Russell Investments Group Ltd. lifted its stake in Marcus by 29.9% in the 4th 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 lifted its stake in Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after buying an additional 937 shares in the last quarter. Savant Capital LLC boosted its holdings in Marcus by 7.8% in the 3rd quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock worth $204,000 after buying an additional 955 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. boosted its holdings in Marcus by 0.5% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after buying an additional 1,028 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.