Marcus Corporation (The) (NYSE:MCS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Marcus Corporation (The) (NYSE:MCS) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.25.

A number of brokerages have recently commented on MCS. Weiss Ratings lowered Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. B. Riley Financial raised their target price on shares of Marcus from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, June 11th. Barrington Research reiterated an “outperform” rating and issued a $25.00 target price on shares of Marcus in a research note on Monday, May 4th. Wedbush raised their target price 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. Finally, Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd.

Insider Transactions at Marcus

In other news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total transaction of $146,055.84. Following the transaction, the insider owned 45,801 shares in the company, valued at approximately $872,051.04. The trade was a 14.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 16.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacific Ridge Capital Partners LLC bought a new position in shares of Marcus during the 4th quarter worth about $2,594,000. Gamco Investors INC. ET AL boosted its position in shares of Marcus by 12.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock valued at $14,205,000 after acquiring an additional 100,480 shares in the last quarter. Teton Advisors LLC acquired a new stake in shares of Marcus during the 3rd quarter valued at about $1,070,000. Saber Capital Managment LLC acquired a new stake in shares of Marcus during the 4th quarter valued at about $7,836,000. Finally, Bastion Asset Management Inc. boosted its position in shares of Marcus by 70.1% during the 4th quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock valued at $5,716,000 after acquiring an additional 154,439 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Stock Up 0.2%

Marcus stock opened at $23.90 on Monday. The firm’s 50 day moving average price is $19.37 and its two-hundred day moving average price is $17.20. Marcus has a twelve month low of $12.85 and a twelve month high of $24.34. The firm has a market cap of $734.42 million, a PE ratio of 55.58, a P/E/G ratio of 3.22 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 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. Marcus had a net margin of 1.85% and a return on equity of 0.79%. The company had revenue of $154.40 million for the quarter, compared to analyst estimates of $148.78 million. On average, research analysts predict that Marcus will post 0.49 EPS for the current fiscal year.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.08 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.3%. Marcus’s dividend payout ratio (DPR) is presently 74.42%.

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.