Marcus Corporation (The) (NYSE:MCS) Receives $23.75 Average PT from Brokerages

Shares of Marcus Corporation (The) (NYSE:MCS) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.75.

A number of research analysts have weighed in on the company. Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Thursday, September 18th. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Marcus in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Finally, Benchmark cut their price objective on shares of Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 6th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Orbis Allan Gray Ltd grew its holdings in shares of Marcus by 9.1% in the second quarter. Orbis Allan Gray Ltd now owns 1,375,121 shares of the company’s stock valued at $23,185,000 after purchasing an additional 114,556 shares during the period. KLCM Advisors Inc. boosted its holdings in Marcus by 1.1% in the 3rd quarter. KLCM Advisors Inc. now owns 1,014,951 shares of the company’s stock valued at $15,742,000 after purchasing an additional 10,608 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Marcus by 4.6% in the 3rd quarter. American Century Companies Inc. now owns 912,696 shares of the company’s stock valued at $14,156,000 after buying an additional 40,295 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Marcus by 0.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 820,349 shares of the company’s stock worth $13,831,000 after buying an additional 4,925 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Marcus by 11.1% during the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock worth $6,553,000 after buying an additional 39,118 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Trading Down 1.6%

MCS stock opened at $15.26 on Monday. Marcus has a 12-month low of $12.85 and a 12-month high of $22.38. The business’s 50-day moving average is $15.26 and its 200 day moving average is $15.55. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.38. The stock has a market cap of $468.76 million, a price-to-earnings ratio of 63.60, a PEG ratio of 1.69 and a beta of 0.55.

Marcus (NYSE:MCS) last announced its earnings results on Friday, October 31st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $210.15 million for the quarter, compared to analyst estimates of $214.14 million. Marcus had a net margin of 1.02% and a return on equity of 1.71%. On average, sell-side analysts anticipate that Marcus will post 0.36 EPS for the current fiscal year.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Tuesday, November 25th were given a dividend of $0.08 per share. The ex-dividend date was Tuesday, November 25th. This represents a $0.32 dividend on an annualized basis and a yield of 2.1%. Marcus’s dividend payout ratio (DPR) is presently 133.33%.

Marcus declared that its board has authorized a share buyback program on Friday, October 31st that authorizes the company to buyback 4,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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.