According to Zacks, “The Marcus Corporation engages in the lodging and entertainment industries. It operates through two segments: Movie Theatres, and Hotels and Resorts. The Company’s movie theatre division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club. It also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. The Marcus Corporation is headquartered in Milwaukee, Wisconsin. “
Several other brokerages also recently weighed in on MCS. Benchmark Co. raised their price target on Marcus Corp. to $28.19 in a report on Monday. B. Riley restated a buy rating and set a $30.00 price target on shares of Marcus Corp. in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Marcus Corp. currently has a consensus rating of Buy and a consensus target price of $28.80.
Shares of Marcus Corp. (NYSE:MCS) opened at 24.08 on Monday. Marcus Corp. has a 12-month low of $17.44 and a 12-month high of $24.48. The stock has a market capitalization of $663.62 million, a P/E ratio of 15.66 and a beta of 0.60. The firm’s 50-day moving average is $23.40 and its 200 day moving average is $20.96.
Marcus Corp. (NYSE:MCS) last issued its quarterly 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. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The firm earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. During the same period last year, the company earned $0.32 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, equities research analysts forecast that Marcus Corp. will post $1.13 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, August 25th were issued a $0.1125 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $0.45 annualized dividend and a yield of 1.87%. Marcus Corp.’s payout ratio is 36.00%.
In related news, VP Thomas F. Kissinger sold 1,500 shares of Marcus Corp. stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the sale, the vice president now directly owns 47,254 shares in the company, valued at approximately $1,089,204.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Douglas A. Neis sold 2,500 shares of Marcus Corp. stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $22.97, for a total value of $57,425.00. Following the completion of the sale, the chief financial officer now owns 51,002 shares of the company’s stock, valued at $1,171,515.94. The disclosure for this sale can be found here. 33.75% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in MCS. Schwab Charles Investment Management Inc. boosted 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 during the last quarter. Arizona State Retirement System purchased a new position in shares of Marcus Corp. during the second quarter valued at about $206,000. AQR Capital Management LLC boosted 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 during the last quarter. Panagora Asset Management Inc. boosted its position 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 valued at $3,170,000 after buying an additional 8,335 shares during the last quarter. Finally, Mairs & Power INC purchased a new position in shares of Marcus Corp. during the second quarter valued at about $2,986,000. 55.93% of the stock is currently owned by institutional investors and hedge funds.
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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