Barrington Research Reaffirms “Outperform” Rating for Marcus (NYSE:MCS)

Marcus (NYSE:MCS)‘s stock had its “outperform” rating reiterated by Barrington Research in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $24.00 price target on the stock. Barrington Research’s target price would suggest a potential upside of 7.29% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Benchmark upped their price objective on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Marcus Stock Performance

Shares of MCS stock opened at $22.37 on Wednesday. Marcus has a 12-month low of $9.56 and a 12-month high of $22.62. The firm has a market capitalization of $704.21 million, a price-to-earnings ratio of -65.79, a price-to-earnings-growth ratio of 5.00 and a beta of 1.48. The business has a 50 day simple moving average of $16.82 and a 200 day simple moving average of $13.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54.

Insider Activity

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the transaction, the vice president now directly owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Marcus

A number of institutional investors have recently modified their holdings of the stock. nVerses Capital LLC acquired a new position in shares of Marcus in the third quarter worth $32,000. Innealta Capital LLC acquired a new position in Marcus in the 2nd quarter worth about $30,000. CWM LLC raised its stake in shares of Marcus by 3,319.0% during the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after purchasing an additional 2,788 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock valued at $58,000 after buying an additional 1,336 shares during the last quarter. Finally, Creative Planning bought a new stake in shares of Marcus in the 3rd quarter valued at approximately $159,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.