Marcus (NYSE:MCS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Marcus Corporation (The) (NYSE:MCS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.67 and traded as high as $20.30. Marcus shares last traded at $20.1210, with a volume of 184,367 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings downgraded Marcus from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Wedbush lifted their target price on Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. B. Riley Financial reaffirmed a “buy” rating on shares of Marcus in a research report on Friday, April 17th. Barrington Research reiterated an “outperform” rating and set a $25.00 price target on shares of Marcus in a report on Monday, May 4th. Finally, Zacks Research upgraded Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $23.33.

Marcus Stock Up 1.1%

The firm has a 50-day moving average price of $18.44 and a 200 day moving average price of $16.70. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $624.58 million, a price-to-earnings ratio of 47.27, a P/E/G ratio of 2.83 and a beta of 0.55.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $148.78 million. Sell-side analysts predict that Marcus Corporation will post 0.47 EPS for the current year.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.08 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. Marcus’s dividend payout ratio is presently 74.42%.

Insider Activity at Marcus

In other news, insider Michael Reade Evans sold 7,671 shares of the company’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 transaction, the insider owned 45,801 shares of the company’s stock, valued at approximately $872,051.04. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 16.53% of the company’s stock.

Institutional Investors Weigh In On Marcus

Institutional investors have recently made changes to their positions in the stock. Navalign LLC bought a new stake in shares of Marcus in the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. boosted its stake in shares of Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock valued at $35,000 after buying an additional 1,916 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock valued at $42,000 after buying an additional 937 shares during the period. State of Alaska Department of Revenue boosted its stake in shares of Marcus by 656.0% in the fourth quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock valued at $88,000 after buying an additional 4,999 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of 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 buying an additional 4,076 shares during the period. 81.57% of the stock is currently owned by institutional investors.

About Marcus

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.