Marcus Corp (MCS) Stock Rating Upgraded by Zacks Investment Research
Marcus Corp (NYSE:MCS) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday. The firm currently has a $37.00 target price on the stock. Zacks Investment Research’s price objective points to a potential upside of 16.17% from the company’s current price.
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. “
MCS has been the topic of a number of other research reports. B. Riley increased their price objective on shares of Marcus Corp to $39.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. TheStreet upgraded shares of Marcus Corp from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd. Benchmark Co. reiterated a “buy” rating and issued a $32.93 price objective (up previously from $30.43) on shares of Marcus Corp in a research note on Tuesday, December 6th. Finally, Wedbush reiterated an “outperform” rating on shares of Marcus Corp in a research note on Wednesday, November 16th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Marcus Corp presently has a consensus rating of “Buy” and a consensus price target of $36.31.
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Shares of Marcus Corp (NYSE:MCS) traded down 0.16% during mid-day trading on Tuesday, reaching $31.85. 151,890 shares of the company’s stock traded hands. The company’s 50 day moving average is $30.70 and its 200 day moving average is $28.52. Marcus Corp has a 12-month low of $18.20 and a 12-month high of $32.60. The company has a market cap of $899.28 million, a P/E ratio of 23.49 and a beta of 0.49.
Marcus Corp (NYSE:MCS) last released its quarterly earnings data on Thursday, February 23rd. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.06. The firm had revenue of $138.70 million for the quarter, compared to analyst estimates of $131.85 million. Marcus Corp had a net margin of 6.55% and a return on equity of 9.20%. The business’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Marcus Corp will post $1.60 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Monday, March 6th were paid a $0.125 dividend. The ex-dividend date was Thursday, March 2nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.57%. This is a positive change from Marcus Corp’s previous quarterly dividend of $0.11. Marcus Corp’s dividend payout ratio is presently 36.59%.
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Several hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in Marcus Corp by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 281,254 shares of the company’s stock worth $7,043,000 after buying an additional 10,391 shares during the last quarter. GSA Capital Partners LLP raised its stake in Marcus Corp by 24.1% in the fourth quarter. GSA Capital Partners LLP now owns 36,763 shares of the company’s stock worth $1,158,000 after buying an additional 7,129 shares during the last quarter. BlackRock Fund Advisors raised its stake in Marcus Corp by 9.9% in the third quarter. BlackRock Fund Advisors now owns 1,359,733 shares of the company’s stock worth $34,048,000 after buying an additional 122,993 shares during the last quarter. Allianz Asset Management AG raised its stake in Marcus Corp by 30.5% in the fourth quarter. Allianz Asset Management AG now owns 45,658 shares of the company’s stock worth $1,438,000 after buying an additional 10,662 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp raised its stake in Marcus Corp by 34.0% in the third quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 56,952 shares of the company’s stock worth $1,426,000 after buying an additional 14,456 shares during the last quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.
About Marcus Corp
The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.
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