Barrington Research Reiterates Outperform Rating for Marcus (NYSE:MCS)

Barrington Research restated their outperform rating on shares of Marcus (NYSE:MCS) in a research note published on Monday morning, Benzinga reports. Barrington Research currently has a $20.00 target price on the stock. Barrington Research also issued estimates for Marcus’ Q1 2024 earnings at ($0.36) EPS, Q2 2024 earnings at $0.12 EPS, Q3 2024 earnings at $0.29 EPS, FY2024 earnings at $0.24 EPS, Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at $0.25 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $54.00 EPS and FY2026 earnings at $0.67 EPS.

Several other equities analysts also recently weighed in on MCS. StockNews.com downgraded Marcus from a buy rating to a hold rating in a research report on Thursday, February 1st. B. Riley dropped their target price on Marcus from $23.00 to $19.00 and set a buy rating for the company in a research report on Tuesday, January 2nd. Finally, Benchmark reaffirmed a buy rating and issued a $20.00 target price on shares of Marcus in a research report on Tuesday, March 5th.

Marcus Stock Down 1.3 %

Shares of NYSE:MCS opened at $13.47 on Monday. The business has a 50-day moving average price of $14.09 and a 200 day moving average price of $14.39. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $427.27 million, a price-to-earnings ratio of 43.45, a PEG ratio of 7.28 and a beta of 1.47. Marcus has a 12-month low of $12.78 and a 12-month high of $17.84.

Marcus (NYSE:MCS) last released its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.12. The company had revenue of $161.53 million during the quarter, compared to the consensus estimate of $160.75 million. Marcus had a return on equity of 3.19% and a net margin of 2.03%. Sell-side analysts expect that Marcus will post 0.13 EPS for the current year.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Friday, March 1st. Marcus’s payout ratio is presently 90.32%.

Hedge Funds Weigh In On Marcus

Several hedge funds and other institutional investors have recently made changes to their positions in MCS. SG Americas Securities LLC purchased a new position in shares of Marcus in the 3rd quarter valued at about $210,000. Exchange Traded Concepts LLC purchased a new position in shares of Marcus in the 3rd quarter valued at about $571,000. Riverwater Partners LLC boosted its stake in shares of Marcus by 86.7% in the 3rd quarter. Riverwater Partners LLC now owns 23,696 shares of the company’s stock valued at $367,000 after buying an additional 11,006 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Marcus by 20.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 264,113 shares of the company’s stock valued at $4,094,000 after buying an additional 45,650 shares during the period. Finally, Versor Investments LP purchased a new position in shares of Marcus in the 3rd quarter valued at about $309,000. Hedge funds and other institutional investors 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.