Marcus (NYSE:MCS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Marcus Corporation (The) (NYSE:MCS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.60 and traded as high as $23.66. Marcus shares last traded at $23.4290, with a volume of 248,389 shares trading hands.

Wall Street Analysts Forecast Growth

MCS has been the subject of several research reports. Zacks Research upgraded Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings cut Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. B. Riley Financial lifted their price objective on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. Wedbush raised their price target on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $25.00 price objective on shares of Marcus in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $24.25.

Marcus Stock Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a 50 day moving average of $20.09 and a 200 day moving average of $17.65. The stock has a market capitalization of $712.17 million, a P/E ratio of 53.90, a P/E/G ratio of 3.17 and a beta of 0.51.

Marcus (NYSE:MCS) last announced its quarterly earnings results 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 net margin of 1.85% and a return on equity of 0.79%. The company had revenue of $154.40 million during the quarter, compared to the consensus estimate of $148.78 million. Equities analysts predict that Marcus Corporation will post 0.49 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 given a dividend of $0.08 per share. The ex-dividend date was Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.4%. Marcus’s payout ratio is currently 74.42%.

Insider Transactions at Marcus

In related news, insider Michael Reade Evans sold 7,671 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the sale, the insider directly owned 45,801 shares in the company, valued at $872,051.04. This trade represents a 14.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 16.53% of the stock is owned by company insiders.

Institutional Inflows and Outflows

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

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.