Marcus Corp. (NYSE:MCS) – Research analysts at Barrington Research lifted their Q3 2016 earnings estimates for shares of Marcus Corp. in a research note issued to investors on Monday. Barrington Research analyst J. Goss now expects that the firm will post earnings per share of $0.46 for the quarter, up from their prior forecast of $0.42. Barrington Research also issued estimates for Marcus Corp.’s Q4 2016 earnings at $0.16 EPS.
Other equities research analysts have also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $25.50 target price on shares of Marcus Corp. in a research note on Monday, July 25th. Benchmark Co. lifted their target price on Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, September 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $29.30.
Marcus Corp. (NYSE:MCS) traded up 0.64% during midday trading on Thursday, hitting $25.21. The stock had a trading volume of 8,995 shares. Marcus Corp. has a 52 week low of $17.44 and a 52 week high of $25.49. The firm has a market cap of $694.76 million, a P/E ratio of 16.39 and a beta of 0.66. The stock has a 50-day moving average of $23.89 and a 200-day moving average of $21.24.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The company earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. During the same period last year, the business earned $0.32 EPS. The business’s quarterly revenue was down 2.0% on a year-over-year basis.
Several large investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in shares of Marcus Corp. by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 57,276 shares of the company’s stock worth $1,209,000 after buying an additional 966 shares during the period. Arizona State Retirement System bought a new stake in shares of Marcus Corp. during the second quarter worth approximately $206,000. AQR Capital Management LLC boosted its stake in shares of Marcus Corp. by 6.0% in the second quarter. AQR Capital Management LLC now owns 27,342 shares of the company’s stock worth $577,000 after buying an additional 1,556 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Marcus Corp. by 5.9% in the second quarter. Panagora Asset Management Inc. now owns 150,217 shares of the company’s stock worth $3,170,000 after buying an additional 8,335 shares during the period. Finally, Mairs & Power INC bought a new stake in shares of Marcus Corp. during the second quarter worth approximately $2,986,000. 55.93% of the stock is owned by institutional investors and hedge funds.
In related news, Director Philip L. Milstein sold 4,000 shares of Marcus Corp. stock in a transaction on Monday, September 26th. The stock was sold at an average price of $24.29, for a total transaction of $97,160.00. Following the completion of the sale, the director now directly owns 80,213 shares of the company’s stock, valued at $1,948,373.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas F. Kissinger sold 1,500 shares of Marcus Corp. stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total value of $34,575.00. Following the sale, the vice president now directly owns 47,254 shares of the company’s stock, valued at $1,089,204.70. The disclosure for this sale can be found here. Corporate insiders own 33.75% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were paid a dividend of $0.1125 per share. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.80%. Marcus Corp.’s dividend payout ratio (DPR) is presently 36.00%.
Marcus Corp. Company Profile
The Marcus Corporation owns and operates movie theatres, and hotels and resorts. The Company operates through two business segments: movie theatres, and hotels and resorts. Its theatre operations include around 55 movie theatres with around 681 screens throughout Wisconsin, Illinois, Iowa, Minnesota, Nebraska, North Dakota and Ohio, including two movie theatres with 11 screens in Wisconsin and Nebraska owned by third parties and managed by it.
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