Marcus Corporation (The) (NYSE:MCS) Receives $24.25 Consensus Target Price from Brokerages

Shares of Marcus Corporation (The) (NYSE:MCS) have received a consensus recommendation of “Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $24.25.

Several research analysts recently weighed in on MCS shares. Wedbush increased their target price on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Zacks Research raised Marcus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Barrington Research reiterated an “outperform” rating and set a $25.00 target price on shares of Marcus in a report on Monday, May 4th. Weiss Ratings lowered shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, B. Riley Financial boosted their price objective on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th.

Marcus Price Performance

MCS opened at $23.57 on Friday. Marcus has a 1 year low of $12.85 and a 1 year high of $24.89. The company’s 50 day simple moving average is $21.26 and its 200 day simple moving average is $18.34. The stock has a market capitalization of $724.18 million, a PE ratio of 54.80, a P/E/G ratio of 2.97 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.03. The firm had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. Marcus had a net margin of 1.85% and a return on equity of 0.79%. As a group, sell-side analysts expect that Marcus will post 0.53 EPS for the current year.

Marcus Dividend Announcement

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

Institutional Inflows and Outflows

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

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.