Marcus (NYSE:MCS) Hits New 1-Year High After Analyst Upgrade

Marcus Corporation (The) (NYSE:MCS)’s stock price hit a new 52-week high on Monday after Weiss Ratings upgraded the stock from a hold (c-) rating to a hold (c) rating. The stock traded as high as $31.69 and last traded at $31.8980, with a volume of 59349 shares. The stock had previously closed at $29.10.

Several other analysts have also issued reports on MCS. Wall Street Zen raised shares of Marcus from a “hold” rating to a “buy” rating in a report on Saturday. Wedbush lifted their price target on shares of Marcus from $23.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday. B. Riley Financial downgraded shares of Marcus from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $27.00 to $29.00 in a research report on Friday. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a research note on Monday, May 4th. Finally, Zacks Research upgraded Marcus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Marcus presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.25.

Institutional Investors Weigh In On Marcus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Marcus by 1.8% during the first quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock valued at $1,534,000 after purchasing an additional 1,556 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Marcus by 2.8% in the first quarter. Empowered Funds LLC now owns 181,793 shares of the company’s stock worth $3,121,000 after purchasing an additional 5,023 shares in the last quarter. Quantinno Capital Management LP raised its position in shares of Marcus by 8.5% during the 1st quarter. Quantinno Capital Management LP now owns 102,006 shares of the company’s stock valued at $1,751,000 after purchasing an additional 8,024 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Marcus during the 1st quarter valued at $844,000. Finally, Heartland Advisors Inc. lifted its stake in shares of Marcus by 24.4% during the 1st quarter. Heartland Advisors Inc. now owns 255,000 shares of the company’s stock valued at $4,378,000 after buying an additional 50,000 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Stock Performance

The company has a market cap of $981.58 million, a PE ratio of 44.86, a PEG ratio of 3.64 and a beta of 0.51. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $22.51 and its two-hundred day moving average is $18.92.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.16. Marcus had a return on equity of 2.67% and a net margin of 2.87%.The business had revenue of $231.74 million during the quarter, compared to analyst estimates of $217.72 million. On average, equities research analysts anticipate that Marcus Corporation will post 0.53 EPS for the current year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend yield of 1.0%. Marcus’s dividend payout ratio is 45.07%.

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.