Marcus Corp. (NYSE:MCS) had its price objective lifted by equities researchers at Benchmark Co. from $26.11 to $28.19 in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Benchmark Co.’s price target would suggest a potential upside of 13.67% from the stock’s current price.
MCS has been the subject of several other research reports. Zacks Investment Research lowered shares of Marcus Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. B. Riley reiterated a “buy” rating and set a $30.00 price objective on shares of Marcus Corp. in a research note on Tuesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $28.80.
Marcus Corp. (NYSE:MCS) opened at 24.80 on Monday. The company has a market cap of $683.46 million, a PE ratio of 16.12 and a beta of 0.60. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $24.90. The company has a 50-day moving average price of $23.46 and a 200-day moving average price of $21.00.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm earned $134 million during the quarter, compared to analyst estimates of $129.43 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. Marcus Corp.’s revenue was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. On average, analysts expect that Marcus Corp. will post $1.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were paid a dividend of $0.1125 per share. The ex-dividend date was Tuesday, August 23rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.81%. Marcus Corp.’s payout ratio is 36.00%.
In other Marcus Corp. news, VP Thomas F. Kissinger sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total transaction of $34,575.00. Following the transaction, the vice president now owns 47,254 shares in the company, valued at approximately $1,089,204.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Philip L. Milstein sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $24.29, for a total transaction of $97,160.00. Following the transaction, the director now owns 80,213 shares in the company, valued at approximately $1,948,373.77. The disclosure for this sale can be found here. Company insiders own 33.75% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA raised its position in shares of Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock worth $123,000 after buying an additional 3,100 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in Marcus Corp. during the first quarter worth $174,000. Arizona State Retirement System acquired a new stake in Marcus Corp. during the second quarter worth $206,000. BlackRock Inc. raised its stake in Marcus Corp. by 615.1% in the second quarter. BlackRock Inc. now owns 10,090 shares of the company’s stock worth $213,000 after buying an additional 8,679 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in Marcus Corp. during the second quarter worth $251,000. Institutional investors and hedge funds own 55.93% of the company’s stock.
About Marcus Corp.
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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