Marcus (NYSE:MCS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Marcus Corporation (The) (NYSE:MCS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.93 and traded as high as $22.34. Marcus shares last traded at $21.8440, with a volume of 107,113 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings cut shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. B. Riley Financial lifted their price target on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Barrington Research reissued an “outperform” rating and issued a $25.00 price target on shares of Marcus in a report on Monday, May 4th. Finally, Wedbush boosted their price target on shares of Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $24.25.

Marcus Stock Performance

The company has a market cap of $670.22 million, a price-to-earnings ratio of 50.72, a price-to-earnings-growth ratio of 2.97 and a beta of 0.51. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a 50-day moving average price of $20.58 and a 200 day moving average price of $17.96.

Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $148.78 million. As a group, analysts anticipate that Marcus Corporation will post 0.49 EPS for the current fiscal year.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.5%. Marcus’s payout ratio is presently 74.42%.

Insider Buying and Selling at Marcus

In other news, insider Michael Reade Evans sold 7,671 shares of the company’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 owned 45,801 shares in the company, valued at $872,051.04. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 16.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marcus

A number of hedge funds and other institutional investors have recently made changes to their positions in MCS. Orbis Allan Gray Ltd boosted its stake in Marcus by 7.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company’s stock worth $29,714,000 after purchasing an additional 141,064 shares during the period. KLCM Advisors Inc. increased its holdings in Marcus by 7.0% during the 4th quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company’s stock worth $16,842,000 after purchasing an additional 70,958 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Marcus by 12.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock valued at $14,205,000 after purchasing an additional 100,480 shares during the period. Saber Capital Managment LLC acquired a new stake in shares of Marcus in the 4th quarter valued at about $7,836,000. Finally, Millennium Management LLC lifted its holdings in shares of Marcus by 11.1% in the first quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after purchasing an additional 39,118 shares in the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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. 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.