Benchmark Boosts Marcus (NYSE:MCS) Price Target to $20.00

Marcus (NYSE:MCS) had its price objective raised by equities research analysts at Benchmark from $18.00 to $20.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 32.01% from the company’s previous close.

Several other equities analysts have also recently commented on MCS. B. Riley boosted their price target on shares of Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th. StockNews.com upgraded shares of Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Barrington Research restated an “outperform” rating and set a $20.00 price target on shares of Marcus in a report on Friday, September 20th.

Marcus Trading Up 0.5 %

NYSE MCS opened at $15.15 on Wednesday. Marcus has a twelve month low of $9.56 and a twelve month high of $15.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51. The stock has a market cap of $487.15 million, a price-to-earnings ratio of 63.13 and a beta of 1.52. The firm’s 50 day moving average price is $13.86 and its two-hundred day moving average price is $12.65.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. The firm had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $170.74 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Equities analysts anticipate that Marcus will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Marcus

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Marcus by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock worth $26,428,000 after purchasing an additional 21,646 shares in the last quarter. Gate City Capital Management LLC acquired a new position in Marcus during the 4th quarter worth $11,669,000. Millennium Management LLC lifted its position in Marcus by 83.2% during the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after acquiring an additional 294,593 shares during the last quarter. American Century Companies Inc. lifted its position in Marcus by 10.4% during the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after acquiring an additional 46,891 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Marcus by 71.0% during the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after acquiring an additional 183,909 shares during the last quarter. 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.