Barrington Research Reiterates Outperform Rating for Marcus (NYSE:MCS)

Marcus (NYSE:MCS)‘s stock had its “outperform” rating reissued by Barrington Research in a note issued to investors on Monday,Benzinga reports. They currently have a $24.00 price target on the stock. Barrington Research’s target price suggests a potential upside of 38.89% from the stock’s current price.

Several other brokerages also recently issued reports on MCS. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research report on Monday, December 29th. Zacks Research lowered Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Marcus Price Performance

NYSE:MCS opened at $17.28 on Monday. The company has a market cap of $530.67 million, a P/E ratio of 43.20, a P/E/G ratio of 2.36 and a beta of 0.57. The firm’s fifty day moving average price is $15.69 and its two-hundred day moving average price is $15.30. Marcus has a one year low of $12.85 and a one year high of $18.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.40 and a quick ratio of 0.35.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). The company had revenue of $193.50 million for the quarter, compared to analyst estimates of $185.19 million. Marcus had a return on equity of 0.46% and a net margin of 1.67%. Equities analysts expect that Marcus will post 0.36 earnings per share for the current year.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently added to or reduced their stakes in MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after acquiring an additional 624 shares in the last quarter. Millennium Management LLC raised its stake in Marcus by 11.1% in the first quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after purchasing an additional 39,118 shares in the last quarter. Empowered Funds LLC lifted its position in Marcus by 2.1% during the first quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock worth $2,883,000 after purchasing an additional 3,562 shares during the period. Y Intercept Hong Kong Ltd lifted its position in Marcus by 113.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 52,933 shares of the company’s stock worth $892,000 after purchasing an additional 28,119 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in Marcus during the second quarter worth about $199,000. Institutional investors own 81.57% of the company’s stock.

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.