Marcus (NYSE:MCS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Marcus Corporation (The) (NYSE:MCS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.60 and traded as high as $23.66. Marcus shares last traded at $23.4290, with a volume of 248,389 shares changing hands.

Analysts Set New Price Targets

MCS has been the subject of a number of research reports. Zacks Research raised Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. B. Riley Financial upped their price target 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. Weiss Ratings lowered shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a research note on Monday, May 4th. Finally, Wedbush boosted their price objective on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.25.

Marcus Price Performance

The stock has a market capitalization of $719.97 million, a price-to-earnings ratio of 54.49, a PEG ratio of 3.21 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. The company has a fifty day simple moving average of $20.01 and a two-hundred day simple moving average of $17.60.

Marcus (NYSE:MCS) last posted its quarterly 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. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $154.40 million during the quarter, compared to the consensus estimate of $148.78 million. As a group, equities research analysts expect that Marcus Corporation will post 0.49 earnings per share for the current fiscal year.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 1st. Marcus’s dividend payout ratio (DPR) is currently 74.42%.

Insider Activity at Marcus

In other news, insider Michael Reade Evans sold 7,671 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total value of $146,055.84. Following the completion of the transaction, the insider directly owned 45,801 shares in the company, valued at approximately $872,051.04. The trade was 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 hyperlink. Insiders own 16.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MCS. Navalign LLC acquired a new position in Marcus during the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. lifted its stake in Marcus by 550.6% during the third 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 last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after purchasing an additional 937 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Marcus by 656.0% in the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after purchasing an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in shares of Marcus by 67.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after purchasing an additional 4,076 shares during the last quarter. 81.57% of the stock is owned by 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.