Marcus Corporation (The) (NYSE:MCS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Marcus Corporation (The) (NYSE:MCS) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $32.25.

A number of equities research analysts have issued reports on the company. Weiss Ratings raised Marcus from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Barrington Research set a $33.00 price objective on Marcus in a report on Monday, August 3rd. Benchmark lifted their price objective on Marcus from $22.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wedbush boosted their target price on Marcus from $23.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Finally, Wall Street Zen raised shares of Marcus from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st.

Marcus Stock Down 0.0%

Shares of MCS opened at $27.14 on Friday. Marcus has a fifty-two week low of $12.85 and a fifty-two week high of $32.42. The company’s fifty day moving average is $26.95 and its two-hundred day moving average is $21.72. The firm has a market cap of $836.63 million, a PE ratio of 38.22 and a beta of 0.52. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.16. The business had revenue of $231.74 million during the quarter, compared to the consensus estimate of $217.72 million. Marcus had a return on equity of 2.67% and a net margin of 2.87%. Analysts forecast that Marcus 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. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.09 per share. This is an increase from Marcus’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, August 25th. Marcus’s payout ratio is presently 50.70%.

Hedge Funds Weigh In On Marcus

Hedge funds have recently made changes to their positions in the business. Navalign LLC acquired a new position in shares of Marcus during the 4th quarter valued at $33,000. Russell Investments Group Ltd. increased its holdings in Marcus by 550.6% in the 3rd 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 increased its holdings in 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 in the last quarter. California State Teachers Retirement System raised its position in Marcus by 492.7% in the second quarter. California State Teachers Retirement System now owns 7,320 shares of the company’s stock valued at $172,000 after purchasing an additional 6,085 shares during the period. Finally, Meeder Asset Management Inc. raised its position in Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock valued at $157,000 after purchasing an additional 4,076 shares during the period. Hedge funds and other 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.