Marcus (NYSE:MCS) Sets New 52-Week High – What’s Next?

Marcus Corporation (The) (NYSE:MCS) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $24.34 and last traded at $23.48, with a volume of 249669 shares. The stock had previously closed at $23.85.

Wall Street Analyst Weigh In

MCS has been the topic of a number of recent research reports. Wedbush upped their price target on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Weiss Ratings cut Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Barrington Research reissued an “outperform” rating and set a $25.00 target price on shares of Marcus in a research report on Monday, May 4th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, B. Riley Financial raised their price target on Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $24.25.

Marcus Price Performance

The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $721.54 million, a PE ratio of 54.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.55. The stock’s 50-day moving average is $19.46 and its two-hundred day moving average is $17.25.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.03. The business had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. On average, equities analysts predict that Marcus Corporation will post 0.49 EPS for the current year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Marcus’s dividend payout ratio (DPR) is currently 74.42%.

Insider Transactions at Marcus

In other Marcus news, insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the transaction, the insider owned 45,801 shares of the company’s stock, valued at $872,051.04. This represents a 14.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 16.53% of the stock is currently owned by insiders.

Institutional Trading of Marcus

Several institutional investors and hedge funds have recently made changes to their positions in MCS. Saber Capital Managment LLC bought a new position in shares of Marcus in the fourth quarter worth about $7,836,000. Pacific Ridge Capital Partners LLC purchased a new stake in Marcus in the 4th quarter valued at about $2,594,000. Bastion Asset Management Inc. boosted its position in Marcus by 70.1% in the 4th quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock valued at $5,716,000 after buying an additional 154,439 shares during the period. Orbis Allan Gray Ltd boosted its position in Marcus by 7.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock valued at $29,714,000 after buying an additional 141,064 shares during the period. Finally, Squarepoint Ops LLC grew its stake in Marcus by 332.2% in the 2nd quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock worth $2,735,000 after acquiring an additional 124,664 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors.

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.