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

Marcus Corporation (The) (NYSE:MCS) has been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $24.25.

Several equities analysts have issued reports on the stock. Zacks Research upgraded shares of Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Weiss Ratings lowered shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. B. Riley Financial boosted their price objective on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a report on Monday, May 4th. Finally, Wedbush increased their price objective on Marcus from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday, April 30th.

Hedge Funds Weigh In On Marcus

Hedge funds have recently made changes to their positions in the stock. Saber Capital Managment LLC bought a new stake in Marcus in the fourth quarter valued at approximately $7,836,000. Pacific Ridge Capital Partners LLC acquired a new position in shares of Marcus in the 4th quarter worth approximately $2,594,000. Gamco Investors INC. ET AL boosted its stake in shares of Marcus by 12.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock valued at $14,205,000 after purchasing an additional 100,480 shares during the last quarter. Bastion Asset Management Inc. increased its position in shares of Marcus by 70.1% during the fourth quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock worth $5,716,000 after buying an additional 154,439 shares during the period. Finally, KLCM Advisors Inc. increased its position in shares of Marcus by 7.0% during the fourth quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company’s stock worth $16,842,000 after buying an additional 70,958 shares during the period. 81.57% of the stock is currently owned by institutional investors.

Marcus Stock Performance

Shares of MCS stock opened at $23.77 on Friday. The firm has a market capitalization of $730.36 million, a price-to-earnings ratio of 55.27, a PEG ratio of 2.97 and a beta of 0.51. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $21.52 and its 200-day moving average price is $18.46. Marcus has a 12 month low of $12.85 and a 12 month high of $24.89.

Marcus (NYSE:MCS) last released its quarterly earnings data 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. The company had revenue of $154.40 million during the quarter, compared to the consensus estimate of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. Equities research analysts forecast that Marcus will post 0.53 EPS for the current year.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, June 1st. Marcus’s payout ratio is 74.42%.

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.