Analysts Set Marcus Corporation (The) (NYSE:MCS) Price Target at $23.50

Marcus Corporation (The) (NYSE:MCS) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $23.50.

Several research firms have recently commented on MCS. Zacks Research lowered Marcus from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. Barrington Research reissued an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th.

Marcus Price Performance

NYSE:MCS opened at $15.77 on Friday. 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 quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $484.20 million, a PE ratio of 39.42, a P/E/G ratio of 2.20 and a beta of 0.57. The stock has a 50 day moving average price of $15.92 and a 200 day moving average price of $15.38.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.06) earnings per share 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 research analysts expect that Marcus will post 0.36 EPS for the current fiscal year.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.08 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.0%. Marcus’s dividend payout ratio (DPR) is currently 80.00%.

Insider Activity at Marcus

In other news, VP Thomas F. Kissinger sold 25,000 shares of Marcus stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $17.32, for a total transaction of $433,000.00. Following the sale, the vice president owned 199,700 shares of the company’s stock, valued at approximately $3,458,804. The trade was a 11.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Marcus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 purchasing an additional 624 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Marcus by 29.9% during the 4th quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock worth $46,000 after purchasing an additional 678 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Marcus by 60.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after purchasing an additional 937 shares during the last quarter. Savant Capital LLC raised its holdings in Marcus by 7.8% in the 3rd quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock valued at $204,000 after buying an additional 955 shares during the period. Finally, Mesirow Financial Investment Management Inc. lifted its position in Marcus by 0.5% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock valued at $3,167,000 after buying an additional 1,028 shares during the last quarter. Institutional investors and hedge funds 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.