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 research firms have also recently commented on MCS. Benchmark Co. boosted their price target on Marcus Corp. from $26.11 to $28.19 and gave the stock a buy rating in a research note on Monday, September 26th. B. Riley reissued a buy rating and issued a $25.50 price objective on shares of Marcus Corp. in a report on Saturday, July 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $29.30.
Marcus Corp. (NYSE:MCS) traded down 0.28% during mid-day trading on Wednesday, hitting $24.98. The stock had a trading volume of 6,998 shares. The stock has a market cap of $688.42 million, a price-to-earnings ratio of 16.24 and a beta of 0.66. Marcus Corp. has a 12-month low of $17.44 and a 12-month high of $25.49. The company has a 50-day moving average of $23.89 and a 200-day moving average of $21.24.
Marcus Corp. (NYSE:MCS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $134 million for the quarter, compared to analysts’ expectations of $129.43 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The company’s revenue was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Marcus Corp. will post $1.14 earnings per share for the current fiscal year.
The company 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. This represents a $0.45 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, August 23rd. Marcus Corp.’s dividend payout ratio is currently 36.00%.
In other news, VP Thomas F. Kissinger sold 1,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the vice president now directly owns 47,254 shares of the company’s stock, valued at $1,089,204.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas A. Neis sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total value of $57,425.00. Following the transaction, the chief financial officer now directly 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.
Several institutional investors have recently bought and sold shares of MCS. 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 period. C M Bidwell & Associates Ltd. acquired a new position in shares of Marcus Corp. during the first quarter worth about $174,000. Arizona State Retirement System acquired a new position in shares of Marcus Corp. during the second quarter worth about $206,000. BlackRock Inc. raised its position in shares of 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 period. Finally, Bank of Montreal Can acquired a new position in shares of Marcus Corp. during the second quarter worth about $251,000. 55.93% of the stock is owned by institutional investors.
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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