Marcus (NYSE:MCS) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Marcus Corporation (The) (NYSE:MCS) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $15.40 and traded as high as $16.74. Marcus shares last traded at $16.4750, with a volume of 134,193 shares trading hands.

Analyst Upgrades and Downgrades

MCS has been the topic of a number of analyst reports. Barrington Research reiterated an “outperform” rating and set a $24.00 price objective on shares of Marcus in a research note on Monday, March 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Marcus from a “hold” rating to a “strong sell” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Marcus presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Marcus Trading Up 3.7%

The company has a market cap of $505.95 million, a price-to-earnings ratio of 41.19, a PEG ratio of 2.22 and a beta of 0.57. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $15.97 and its 200-day moving average price is $15.40.

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

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.9%. Marcus’s dividend payout ratio is presently 80.00%.

Insider Buying and Selling at Marcus

In other news, VP Thomas F. Kissinger sold 25,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $17.32, for a total transaction of $433,000.00. Following the transaction, the vice president owned 199,700 shares in the company, valued at approximately $3,458,804. This trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.82% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bastion Asset Management Inc. acquired a new stake in shares of Marcus during the third quarter worth $3,395,000. Teton Advisors LLC bought a new stake in shares of Marcus in the third quarter valued at about $1,070,000. Squarepoint Ops LLC grew its stake in shares of Marcus by 332.2% in the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock valued at $2,735,000 after acquiring an additional 124,664 shares in the last quarter. Heartland Advisors Inc. increased its position in Marcus by 33.3% during the third quarter. Heartland Advisors Inc. now owns 200,000 shares of the company’s stock worth $3,102,000 after acquiring an additional 50,000 shares during the period. Finally, Panagora Asset Management Inc. increased its position in Marcus by 41.3% during the second quarter. Panagora Asset Management Inc. now owns 120,130 shares of the company’s stock worth $2,025,000 after acquiring an additional 35,089 shares during the period. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Company Profile

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.