Marcus (NYSE:MCS) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Marcus Corporation (The) (NYSE:MCS) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $20.14 and traded as high as $30.22. Marcus shares last traded at $29.7260, with a volume of 343,914 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barrington Research set a $33.00 price objective on Marcus in a research report on Monday, August 3rd. B. Riley Financial lowered shares of Marcus from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $27.00 to $29.00 in a research report on Friday, July 31st. Benchmark upped their target price on shares of Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Marcus from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $32.25.

Marcus Trading Down 1.5%

The firm has a market capitalization of $921.20 million, a P/E ratio of 42.09 and a beta of 0.51. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $25.23 and a 200-day moving average price of $20.25.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, July 30th. The company reported $0.51 EPS for the quarter, beating 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. Analysts anticipate that Marcus Corporation will post 0.81 earnings per share for the current year.

Marcus Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. This is a positive change from Marcus’s previous quarterly dividend of $0.08. Marcus’s payout ratio is 45.07%.

Institutional Trading of Marcus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCS. Navalign LLC acquired a new position in Marcus in the fourth quarter worth about $33,000. Russell Investments Group Ltd. boosted its holdings in Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after purchasing an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after purchasing an additional 937 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Marcus by 656.0% in the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after purchasing an additional 4,999 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in shares of Marcus by 67.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after buying an additional 4,076 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

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.