Marcus (NYSE:MCS) Hits New 12-Month High After Analyst Upgrade

The Marcus Co. (NYSE:MCS) reached a new 52-week high during trading on Wednesday after Benchmark raised their price target on the stock from $18.00 to $20.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $15.88 and last traded at $15.83, with a volume of 216025 shares. The stock had previously closed at $15.15.

Other equities research analysts have also recently issued reports about the company. B. Riley increased their price target on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Barrington Research reiterated an “outperform” rating and issued a $20.00 target price on shares of Marcus in a research report on Friday, September 20th. Finally, StockNews.com raised shares of Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th.

Institutional Investors Weigh In On Marcus

Several large investors have recently bought and sold shares of MCS. Gate City Capital Management LLC acquired a new stake in Marcus in the fourth quarter valued at $11,669,000. Parallel Advisors LLC lifted its position in shares of Marcus by 193.2% during the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after buying an additional 1,246 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Marcus by 29.7% in the 4th quarter. Hsbc Holdings PLC now owns 89,683 shares of the company’s stock valued at $1,308,000 after buying an additional 20,538 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Marcus by 35.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock valued at $305,000 after buying an additional 5,640 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Marcus by 133.8% during the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after acquiring an additional 250,019 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Trading Up 4.4 %

The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $508.37 million, a PE ratio of 65.63 and a beta of 1.52. The business’s 50-day moving average is $13.86 and its two-hundred day moving average is $12.65.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The business had revenue of $176.03 million during the quarter, compared to analyst estimates of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same period in the previous year, the firm earned $0.35 earnings per share. On average, analysts anticipate that The Marcus Co. will post -0.14 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were issued a $0.07 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.77%. Marcus’s dividend payout ratio (DPR) is 116.67%.

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.