Marcus (NYSE:MCS) Reaches New 52-Week High on Analyst Upgrade

The Marcus Co. (NYSE:MCS)’s share price hit a new 52-week high on Monday after Benchmark raised their price target on the stock from $22.00 to $25.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $22.73 and last traded at $22.58, with a volume of 48489 shares. The stock had previously closed at $22.03.

A number of other analysts also recently commented on MCS. Barrington Research restated an “outperform” rating and set a $24.00 price objective on shares of Marcus in a report on Wednesday, November 13th. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

Insider Transactions at Marcus

In other news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction dated 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 owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. This trade represents 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 this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Hedge Funds Weigh In On Marcus

A number of large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new stake in shares of Marcus in the first quarter valued at approximately $173,000. Vanguard Group Inc. increased its stake in shares of Marcus by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock valued at $26,428,000 after purchasing an additional 21,646 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Marcus by 35.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock valued at $305,000 after purchasing an additional 5,640 shares during the period. Comerica Bank increased its stake in shares of Marcus by 138.3% in the first quarter. Comerica Bank now owns 27,523 shares of the company’s stock valued at $392,000 after purchasing an additional 15,972 shares during the period. Finally, CWM LLC increased its stake in shares of Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after purchasing an additional 2,788 shares during the period. Institutional investors own 81.57% of the company’s stock.

Marcus Stock Up 0.7 %

The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The company has a market cap of $695.91 million, a price-to-earnings ratio of -65.01, a price-to-earnings-growth ratio of 4.98 and a beta of 1.48. The firm’s 50 day simple moving average is $17.85 and its 200 day simple moving average is $14.11.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be given a $0.07 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.27%. Marcus’s dividend payout ratio (DPR) is -82.35%.

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.