Marcus Corp. (MCS) Downgraded by Zacks Investment Research to Sell
Marcus Corp. (NYSE:MCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
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. “
Several other research analysts have also commented on MCS. B. Riley lowered their price objective on shares of Marcus Corp. from $27.75 to $25.50 in a research note on Wednesday, March 30th. TheStreet lowered shares of Marcus Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $29.30.
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Marcus Corp. (NYSE:MCS) traded up 0.92% during mid-day trading on Tuesday, reaching $25.29. 41,476 shares of the company’s stock traded hands. The stock’s 50 day moving average is $24.24 and its 200-day moving average is $21.51. The stock has a market capitalization of $696.97 million, a PE ratio of 16.44 and a beta of 0.66. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $25.63.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ 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 earned $134 million during the quarter, compared to analyst estimates of $129.43 million. During the same quarter last year, the firm posted $0.32 earnings per share. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities analysts anticipate that Marcus Corp. will post $1.14 EPS for the current year.
In other Marcus Corp. news, CFO Douglas A. Neis sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total transaction of $57,425.00. Following the sale, the chief financial officer now owns 51,002 shares of the company’s stock, valued at $1,171,515.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Kissinger sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total transaction of $34,575.00. Following the sale, the vice president now directly owns 47,254 shares in the company, valued at approximately $1,089,204.70. The disclosure for this sale can be found here. 33.75% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Marcus Corp. during the first quarter worth $106,000. BNP Paribas Arbitrage SA boosted its stake in Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock worth $123,000 after buying an additional 3,100 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new stake in Marcus Corp. during the first quarter worth $174,000. Arizona State Retirement System bought a new stake in Marcus Corp. during the second quarter worth $206,000. Finally, BlackRock Inc. boosted its stake in Marcus Corp. by 615.1% in the second quarter. BlackRock Inc. now owns 10,090 shares of the company’s stock worth $213,000 after buying an additional 8,679 shares during the last quarter. 55.93% of the stock is currently owned by institutional investors.
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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