Analysts Set Marcus Corporation (The) (NYSE:MCS) Price Target at $23.75

Marcus Corporation (The) (NYSE:MCS) has been given an average rating of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.50.

MCS has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Benchmark dropped their price objective on shares of Marcus from $25.00 to $22.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. Barrington Research reduced their target price on shares of Marcus from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Zacks Research lowered shares of Marcus from a “hold” rating to a “strong sell” rating in a research note on Friday, January 23rd.

Hedge Funds Weigh In On Marcus

Hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Marcus by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after acquiring an additional 624 shares during the last quarter. Millennium Management LLC raised its position in shares of Marcus by 11.1% during the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock worth $6,553,000 after purchasing an additional 39,118 shares during the last quarter. Empowered Funds LLC lifted its stake in Marcus by 2.1% in the 1st quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock valued at $2,883,000 after buying an additional 3,562 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Marcus during the 2nd quarter valued at $639,000. Finally, AlphaQuest LLC increased its position in Marcus by 2,963.8% during the second quarter. AlphaQuest LLC now owns 35,816 shares of the company’s stock worth $604,000 after buying an additional 34,647 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Price Performance

Shares of NYSE MCS opened at $15.25 on Friday. The stock has a market cap of $468.33 million, a P/E ratio of 63.54, a P/E/G ratio of 1.83 and a beta of 0.55. Marcus has a twelve month low of $12.85 and a twelve month high of $22.38. The stock has a 50 day moving average of $15.51 and a two-hundred day moving average of $15.37. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.38.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Friday, October 31st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Marcus had a net margin of 1.02% and a return on equity of 1.71%. The business had revenue of $210.15 million during the quarter, compared to analyst estimates of $214.14 million. On average, research analysts forecast that Marcus will post 0.36 earnings per share for the current year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Tuesday, November 25th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, November 25th. Marcus’s dividend payout ratio (DPR) is currently 133.33%.

Marcus announced that its Board of Directors has approved a stock buyback plan on Friday, October 31st that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

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.