Barrington Research Has Lowered Expectations for Marcus (NYSE:MCS) Stock Price

Marcus (NYSE:MCS) had its price target decreased by analysts at Barrington Research from $25.00 to $24.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Barrington Research’s price target indicates a potential upside of 57.38% from the stock’s current price.

Several other research firms have also commented on MCS. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Benchmark lowered their target price on shares of Marcus from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.50.

Marcus Stock Up 0.4%

Shares of MCS stock opened at $15.25 on Monday. Marcus has a twelve month low of $12.85 and a twelve month high of $22.38. The stock has a market cap of $468.33 million, a P/E ratio of 63.54, a P/E/G ratio of 1.83 and a beta of 0.55. The stock has a 50 day moving average of $15.51 and a 200 day moving average of $15.37. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.38.

Marcus (NYSE:MCS) last issued its quarterly earnings data on Friday, October 31st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $210.15 million for the quarter, compared to analyst estimates of $214.14 million. Marcus had a return on equity of 1.71% and a net margin of 1.02%. As a group, sell-side analysts expect that Marcus will post 0.36 EPS for the current year.

Marcus declared that its Board of Directors has approved a share repurchase plan on Friday, October 31st that permits the company to buyback 4,000,000 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MCS. Russell Investments Group Ltd. lifted its holdings in Marcus by 550.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after purchasing an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC lifted 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 in the last quarter. State of Alaska Department of Revenue boosted its position in Marcus by 656.0% during the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after acquiring an additional 4,999 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Marcus during the 3rd quarter valued at about $173,000. Finally, PharVision Advisers LLC acquired a new stake in Marcus in the 2nd quarter valued at about $180,000. 81.57% of the stock is owned by institutional investors and hedge funds.

About Marcus

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.