Marcus Corporation (The) (NYSE:MCS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Marcus Corporation (The) (NYSE:MCS) have received an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.25.

MCS has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Marcus from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Marcus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Wedbush lifted their target price on Marcus from $23.00 to $34.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Barrington Research set a $33.00 target price on Marcus in a research report on Monday, August 3rd. Finally, Zacks Research upgraded Marcus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th.

Hedge Funds Weigh In On Marcus

Institutional investors have recently made changes to their positions in the business. Navalign LLC purchased a new position in shares of Marcus during the 4th quarter valued at approximately $33,000. Russell Investments Group Ltd. grew its position in shares of Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after buying an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of 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 buying an additional 937 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of 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 buying an additional 4,999 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after acquiring an additional 4,076 shares in the last quarter. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Trading Down 2.0%

NYSE MCS opened at $30.04 on Tuesday. The company’s fifty day simple moving average is $23.90 and its 200-day simple moving average is $19.55. Marcus has a 52 week low of $12.85 and a 52 week high of $32.42. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The stock has a market cap of $926.13 million, a P/E ratio of 42.31, a PEG ratio of 2.52 and a beta of 0.51.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, July 30th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.16. The business had revenue of $231.74 million during the quarter, compared to the consensus estimate of $217.72 million. Marcus had a net margin of 2.87% and a return on equity of 2.67%. Equities research analysts predict that Marcus will post 0.81 EPS for the current fiscal year.

Marcus Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.09 per share. This is a boost from Marcus’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, August 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. Marcus’s payout ratio is 45.07%.

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.