Marcus Corp (MCS) VP Thomas F. Kissinger Sells 4,000 Shares
Marcus Corp (NYSE:MCS) VP Thomas F. Kissinger sold 4,000 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $32.17, for a total value of $128,680.00. Following the sale, the vice president now directly owns 60,039 shares in the company, valued at approximately $1,931,454.63. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Marcus Corp (NYSE:MCS) traded up 3.52% during mid-day trading on Thursday, hitting $33.80. The company’s stock had a trading volume of 177,084 shares. Marcus Corp has a 52-week low of $19.20 and a 52-week high of $34.90. The firm has a 50 day moving average of $32.27 and a 200-day moving average of $31.05. The firm has a market cap of $938.63 million, a price-to-earnings ratio of 22.67 and a beta of 0.49.
Marcus Corp (NYSE:MCS) last released its quarterly earnings data on Thursday, April 27th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. The company had revenue of $158 million for the quarter, compared to analysts’ expectations of $155.25 million. Marcus Corp had a net margin of 6.55% and a return on equity of 9.20%. The business’s revenue was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.20 EPS. On average, equities research analysts expect that Marcus Corp will post $1.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, May 25th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.48%. Marcus Corp’s dividend payout ratio (DPR) is presently 36.59%.
Several analysts recently commented on MCS shares. Zacks Investment Research raised Marcus Corp from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Thursday, January 26th. B. Riley reissued a “buy” rating and issued a $36.50 price target (up previously from $33.50) on shares of Marcus Corp in a research note on Friday, February 17th. TheStreet raised Marcus Corp from a “c” rating to a “b-” rating in a research note on Thursday, February 23rd. Finally, Benchmark Co. reissued a “buy” rating and issued a $37.80 price target (up previously from $34.96) on shares of Marcus Corp in a research note on Saturday, April 29th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $38.93.
Institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its position in Marcus Corp by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the company’s stock worth $104,000 after buying an additional 70 shares during the period. LS Investment Advisors LLC boosted its position in Marcus Corp by 473.9% in the first quarter. LS Investment Advisors LLC now owns 3,518 shares of the company’s stock worth $113,000 after buying an additional 2,905 shares during the period. Thompson Davis & CO. Inc. boosted its position in Marcus Corp by 238.6% in the first quarter. Thompson Davis & CO. Inc. now owns 3,802 shares of the company’s stock worth $122,000 after buying an additional 2,679 shares during the period. Mason Street Advisors LLC boosted its position in Marcus Corp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,427 shares of the company’s stock worth $142,000 after buying an additional 290 shares during the period. Finally, Nordea Investment Management AB bought a new position in Marcus Corp during the first quarter worth about $173,000. 55.35% of the stock is currently owned by institutional investors.
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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