Marcus (NYSE:MCS) Hits New 12-Month High – What’s Next?

Marcus Corporation (The) (NYSE:MCS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $22.82 and last traded at $22.6840, with a volume of 237945 shares traded. The stock had previously closed at $22.03.

Analyst Upgrades and Downgrades

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

Marcus Trading Up 3.0%

The business has a fifty day simple moving average of $19.06 and a 200 day simple moving average of $17.03. The stock has a market cap of $697.08 million, a price-to-earnings ratio of 52.75, a PEG ratio of 2.98 and a beta of 0.55. 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 announced its 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. The firm had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. As a group, equities analysts anticipate that Marcus Corporation will post 0.49 EPS for the current year.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued 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 was Monday, June 1st. Marcus’s dividend payout ratio is 74.42%.

Insider Buying and Selling

In other Marcus news, insider Michael Reade Evans sold 7,671 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the sale, the insider owned 45,801 shares in the company, valued at approximately $872,051.04. This represents a 14.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.53% of the company’s stock.

Institutional Investors Weigh In On Marcus

A number of large investors have recently bought and sold shares of the stock. Navalign LLC purchased a new position in shares of Marcus during the 4th quarter worth $33,000. Russell Investments Group Ltd. lifted its stake in shares of Marcus by 550.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after purchasing an additional 1,916 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Marcus by 60.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after purchasing an additional 937 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Marcus by 656.0% during the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after purchasing an additional 4,999 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of Marcus by 67.6% during the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after purchasing an additional 4,076 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.