Marcus (NYSE:MCS) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Marcus (NYSE:MCS – Get Rating) from a hold rating to a buy rating in a report released on Friday morning.

Other research analysts also recently issued reports about the stock. Barrington Research reissued a buy rating and issued a $24.00 price target on shares of Marcus in a report on Friday, May 6th. B. Riley dropped their price objective on shares of Marcus from $29.00 to $26.00 and set a buy rating for the company in a report on Tuesday, June 21st. Finally, Benchmark dropped their price objective on shares of Marcus from $28.00 to $25.00 in a report on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $25.00.

Marcus Stock Up 1.2 %

MCS opened at $17.83 on Friday. The company has a 50 day moving average of $15.42 and a 200 day moving average of $16.26. Marcus has a 12 month low of $13.41 and a 12 month high of $22.32. The company has a quick ratio of 0.35, a current ratio of 0.52 and a debt-to-equity ratio of 0.49.

Marcus (NYSE:MCS – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.12). The business had revenue of $132.24 million during the quarter, compared to the consensus estimate of $119.75 million. Marcus had a negative return on equity of 1.02% and a net margin of 0.35%. During the same period last year, the business posted ($0.96) earnings per share. Equities analysts expect that Marcus will post -0.25 EPS for the current fiscal year.

Marcus Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, August 24th.

Hedge Funds Weigh In On Marcus

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Marcus by 50.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,080 shares of the company’s stock valued at $35,000 after acquiring an additional 700 shares during the period. Morgan Dempsey Capital Management LLC increased its position in Marcus by 24.7% during the 1st quarter. Morgan Dempsey Capital Management LLC now owns 4,858 shares of the company’s stock valued at $86,000 after purchasing an additional 962 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Marcus by 16.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 5,135 shares of the company’s stock valued at $92,000 after purchasing an additional 707 shares during the period. Quantbot Technologies LP purchased a new position in Marcus during the 1st quarter valued at about $127,000. Finally, State of Tennessee Treasury Department boosted its holdings in shares of Marcus by 17.9% in the 1st quarter. State of Tennessee Treasury Department now owns 8,926 shares of the company’s stock valued at $158,000 after buying an additional 1,353 shares in the last quarter. Hedge funds and other institutional investors own 79.52% of the company’s stock.

About Marcus

(Get Rating)

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center.