Marcus Corp. (NYSE:MCS) – Research analysts at Barrington Research decreased their Q4 2017 earnings per share estimates for Marcus Corp. in a research report issued on Monday. Barrington Research analyst J. Goss now expects that the brokerage will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.29.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Wednesday, September 28th. Benchmark Co. lifted their price target on shares of Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a research report on Monday, September 26th. Finally, B. Riley reissued a “buy” rating and issued a $30.00 price target on shares of Marcus Corp. in a research report on Tuesday, August 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $29.30.
Shares of Marcus Corp. (NYSE:MCS) traded up 1.40% on Tuesday, hitting $25.34. 21,969 shares of the stock traded hands. The stock has a market cap of $698.35 million, a price-to-earnings ratio of 16.48 and a beta of 0.65. Marcus Corp. has a 12-month low of $17.44 and a 12-month high of $25.63. The stock has a 50-day moving average price of $24.29 and a 200 day moving average price of $21.58.
Marcus Corp. (NYSE:MCS) last announced its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The business earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share.
In other Marcus Corp. news, VP Thomas F. Kissinger sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total transaction of $34,575.00. Following the completion of the sale, the vice president now directly owns 47,254 shares of the company’s stock, valued at approximately $1,089,204.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Philip L. Milstein sold 4,000 shares of the business’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the sale, the director now directly owns 80,213 shares of the company’s stock, valued at $1,948,373.77. The disclosure for this sale can be found here. 33.75% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the company. MSI Financial Services Inc raised its position in Marcus Corp. by 14.3% in the third quarter. MSI Financial Services Inc now owns 24,156 shares of the company’s stock valued at $605,000 after buying an additional 3,018 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in shares of Marcus Corp. by 1.9% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 67,339 shares of the company’s stock valued at $1,686,000 after buying an additional 1,264 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position 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 valued at $1,209,000 after buying an additional 966 shares in the last quarter. Arizona State Retirement System acquired a new position in shares of Marcus Corp. during the second quarter valued at about $206,000. Finally, AQR Capital Management LLC raised its position 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 valued at $577,000 after buying an additional 1,556 shares in the last quarter. 55.91% of the stock is owned by hedge funds and other institutional investors.
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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