Marcus Corporation (The) (NYSE:MCS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Marcus Corporation (The) (NYSE:MCS) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $23.3333.

MCS has been the topic of a number of recent research reports. Zacks Research raised Marcus from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Wedbush upped their price target on Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Weiss Ratings lowered Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Barrington Research reiterated an “outperform” rating and set a $25.00 price objective on shares of Marcus in a research note on Monday, May 4th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Marcus in a research note on Friday, April 17th.

Insiders Place Their Bets

In other Marcus news, VP Thomas F. Kissinger sold 25,000 shares of the company’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $17.32, for a total value of $433,000.00. Following the transaction, the vice president directly owned 199,700 shares in the company, valued at $3,458,804. This represents a 11.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the completion of the transaction, the insider owned 45,801 shares in the company, valued at $872,051.04. This represents a 14.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 32,708 shares of company stock worth $579,646. 16.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Marcus

Institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Marcus by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after buying an additional 624 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Marcus by 29.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock worth $46,000 after buying an additional 678 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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. Savant Capital LLC grew its position in Marcus by 7.8% during the 3rd quarter. Savant Capital LLC now owns 13,166 shares of the company’s stock worth $204,000 after acquiring an additional 955 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. grew its position in Marcus by 0.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after acquiring an additional 1,028 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors.

Marcus Stock Up 6.0%

Shares of NYSE MCS opened at $20.05 on Thursday. Marcus has a one year low of $12.85 and a one year high of $20.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. The business’s fifty day moving average price is $18.17 and its 200-day moving average price is $16.59. The stock has a market capitalization of $616.14 million, a PE ratio of 46.63, a P/E/G ratio of 2.66 and a beta of 0.55.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The firm had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. On average, equities research analysts anticipate that Marcus will post 0.47 EPS for the current year.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, June 1st. Marcus’s payout ratio is presently 74.42%.

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.