Marcus Corp. (MCS) Upgraded to “Buy” at Zacks Investment Research
Marcus Corp. (NYSE:MCS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage currently has a $28.00 target price on the stock. Zacks Investment Research’s price target points to a potential upside of 11.33% from the company’s previous close.
According to Zacks, “The Marcus Corporation engages in the lodging and entertainment industries. It operates through two segments: Movie Theatres, and Hotels and Resorts. The Company’s movie theatre division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club. It also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. The Marcus Corporation is headquartered in Milwaukee, Wisconsin. “
Other research analysts have also issued research reports about the stock. B. Riley reiterated a “buy” rating and issued a $25.50 price objective on shares of Marcus Corp. in a report on Monday, July 25th. Benchmark Co. lifted their price objective on shares of Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a report on Friday, July 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Marcus Corp. presently has a consensus rating of “Buy” and a consensus target price of $29.30.
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Marcus Corp. (NYSE:MCS) traded down 0.36% during mid-day trading on Friday, hitting $25.15. 33,452 shares of the company traded hands. Marcus Corp. has a one year low of $17.44 and a one year high of $25.49. The stock has a market capitalization of $693.11 million, a price-to-earnings ratio of 16.35 and a beta of 0.66. The company’s 50-day moving average is $24.00 and its 200-day moving average is $21.31.
Marcus Corp. (NYSE:MCS) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The business had revenue of $134 million for the quarter, compared to analyst estimates of $129.43 million. During the same quarter last year, the firm earned $0.32 EPS. Marcus Corp.’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that Marcus Corp. will post $1.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Tuesday, August 23rd. Marcus Corp.’s dividend payout ratio (DPR) is presently 36.00%.
In related news, Director Philip L. Milstein sold 4,000 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the completion of the transaction, the director now owns 80,213 shares of the company’s stock, valued at $1,948,373.77. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Kissinger sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the transaction, the vice president now directly owns 47,254 shares of the company’s stock, valued at approximately $1,089,204.70. The disclosure for this sale can be found here. 33.75% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mairs & Power INC bought a new position in Marcus Corp. during the second quarter worth approximately $2,986,000. Vanguard Group Inc. increased its position in Marcus Corp. by 12.6% in the second quarter. Vanguard Group Inc. now owns 898,738 shares of the company’s stock worth $18,965,000 after buying an additional 100,457 shares during the period. LSV Asset Management increased its position in Marcus Corp. by 22.2% in the second quarter. LSV Asset Management now owns 525,640 shares of the company’s stock worth $11,091,000 after buying an additional 95,353 shares during the period. Dalton Greiner Hartman Maher & Co. bought a new position in Marcus Corp. during the second quarter worth approximately $1,394,000. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new position in Marcus Corp. during the second quarter worth approximately $897,000. 55.93% of the stock is owned by institutional investors and hedge funds.
About Marcus Corp.
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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