Marcus (NYSE:MCS) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Marcus Corporation (The) (NYSE:MCS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.67 and traded as high as $20.30. Marcus shares last traded at $20.1210, with a volume of 184,367 shares trading hands.

Wall Street Analyst Weigh In

MCS has been the topic of several analyst reports. Wedbush increased their price objective on Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. B. Riley Financial restated a “buy” rating on shares of Marcus in a research note on Friday, April 17th. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Weiss Ratings cut Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, Barrington Research restated an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.33.

Marcus Stock Performance

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 company has a market capitalization of $618.32 million, a price-to-earnings ratio of 46.79, a PEG ratio of 2.75 and a beta of 0.55. The stock has a 50 day simple moving average of $18.38 and a two-hundred day simple moving average of $16.67.

Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.03. The company had revenue of $154.40 million for 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%. As a group, analysts anticipate that Marcus Corporation will post 0.47 earnings per share for the current year.

Marcus Dividend Announcement

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

Insider Transactions at Marcus

In related news, insider Michael Reade Evans sold 7,671 shares of the business’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 transaction, the insider owned 45,801 shares in the company, valued at $872,051.04. The trade was a 14.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 16.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marcus

Several institutional investors have recently added to or reduced their stakes in MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after acquiring an additional 624 shares during the period. Millennium Management LLC increased its position in Marcus by 11.1% in the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after acquiring an additional 39,118 shares during the period. Empowered Funds LLC increased its position 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 acquiring an additional 3,562 shares during the period. Creative Planning increased its position in Marcus by 50.6% in the 2nd quarter. Creative Planning now owns 15,270 shares of the company’s stock valued at $257,000 after acquiring an additional 5,129 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in Marcus by 3.2% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 291,082 shares of the company’s stock valued at $4,908,000 after acquiring an additional 8,898 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.