Marcus Co. (NYSE:MCS) – Analysts at B. Riley lifted their Q4 2018 earnings per share estimates for Marcus in a research report issued to clients and investors on Friday, April 13th. B. Riley analyst E. Wold now forecasts that the company will post earnings of $0.39 per share for the quarter, up from their prior estimate of $0.36. B. Riley currently has a “Buy” rating and a $36.00 target price on the stock. B. Riley also issued estimates for Marcus’ Q4 2019 earnings at $0.42 EPS.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Marcus from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Wednesday, December 20th. Barrington Research reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Marcus in a research report on Monday, February 26th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Marcus currently has an average rating of “Buy” and a consensus target price of $34.00.
MCS opened at $31.05 on Monday. The company has a market cap of $856.02, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 1.14 and a beta of 0.47. Marcus has a 1 year low of $23.55 and a 1 year high of $34.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.48 and a quick ratio of 0.48.
Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The business had revenue of $158.16 million for the quarter, compared to analyst estimates of $156.52 million. Marcus had a net margin of 10.44% and a return on equity of 10.48%. The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 EPS.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Marcus by 4.8% during the fourth quarter. BlackRock Inc. now owns 2,537,744 shares of the company’s stock worth $69,406,000 after buying an additional 117,059 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Marcus by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,594,964 shares of the company’s stock worth $44,181,000 after buying an additional 23,133 shares in the last quarter. Westwood Holdings Group Inc. grew its position in shares of Marcus by 9.8% during the fourth quarter. Westwood Holdings Group Inc. now owns 780,168 shares of the company’s stock worth $21,338,000 after buying an additional 69,515 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Marcus by 3.2% during the fourth quarter. Bank of New York Mellon Corp now owns 335,806 shares of the company’s stock worth $9,184,000 after buying an additional 10,335 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Marcus by 5.6% during the fourth quarter. Millennium Management LLC now owns 310,040 shares of the company’s stock worth $8,480,000 after buying an additional 16,530 shares in the last quarter. 60.35% of the stock is owned by institutional investors and hedge funds.
In other Marcus news, VP Thomas F. Kissinger sold 4,000 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $30.66, for a total value of $122,640.00. Following the completion of the sale, the vice president now owns 84,843 shares of the company’s stock, valued at $2,601,286.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas F. Kissinger sold 10,000 shares of the stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $29.12, for a total transaction of $291,200.00. Following the completion of the sale, the vice president now directly owns 81,664 shares of the company’s stock, valued at approximately $2,378,055.68. The disclosure for this sale can be found here. Insiders sold 44,250 shares of company stock valued at $1,343,255 in the last ninety days. 32.88% of the stock is owned by corporate insiders.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.
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