Marcus (NYSE:MCS) Hits New 12-Month High – Here’s Why

Shares of Marcus Corporation (The) (NYSE:MCS) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $24.96 and last traded at $24.78, with a volume of 127538 shares trading hands. The stock had previously closed at $24.48.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Wedbush boosted their price target on Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. B. Riley Financial upped their price target on Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Zacks Research upgraded Marcus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Marcus currently has an average rating of “Buy” and a consensus target price of $24.25.

Marcus Stock Up 1.6%

The company’s fifty day simple moving average is $21.78 and its 200 day simple moving average is $18.58. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $764.10 million, a P/E ratio of 57.85, a price-to-earnings-growth ratio of 2.98 and a beta of 0.51.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. Marcus had a net margin of 1.85% and a return on equity of 0.79%. The firm had revenue of $154.40 million for the quarter, compared to analyst estimates of $148.78 million. Research analysts expect that Marcus Corporation will post 0.53 EPS for the current year.

Marcus Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Navalign LLC purchased a new position in shares of Marcus in the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. grew 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 purchasing an additional 1,916 shares during the period. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 937 shares in the last quarter. State of Alaska Department of Revenue raised its holdings 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 purchasing an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Marcus by 67.6% during the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after buying an additional 4,076 shares during the period. Institutional investors own 81.57% of the company’s stock.

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.