Marcus Corp. (NYSE:MCS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $28.00 target price on the stock. Zacks Investment Research’s price objective suggests a potential upside of 10.85% from the stock’s current price.
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 issued reports on MCS. Benchmark Co. upped their target price on Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a report on Monday. B. Riley reaffirmed a “buy” rating and issued a $25.50 target price on shares of Marcus Corp. in a report on Saturday, July 30th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Marcus Corp. presently has an average rating of “Buy” and a consensus price target of $29.30.
Shares of Marcus Corp. (NYSE:MCS) traded up 1.85% during trading on Wednesday, reaching $25.26. The company’s stock had a trading volume of 87,341 shares. The stock has a market cap of $696.14 million, a P/E ratio of 16.42 and a beta of 0.60. The stock has a 50-day moving average of $23.54 and a 200-day moving average of $21.03. Marcus Corp. has a 52-week low of $17.44 and a 52-week high of $25.28.
Marcus Corp. (NYSE:MCS) last released its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The company earned $134 million during the quarter, compared to analyst estimates of $129.43 million. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. Marcus Corp.’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Analysts predict 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. Shareholders of record on Thursday, August 25th were issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.78%. The ex-dividend date was Tuesday, August 23rd. Marcus Corp.’s dividend payout ratio (DPR) is 36.00%.
In related news, Director Philip L. Milstein sold 4,000 shares of the stock in a transaction on 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 owns 80,213 shares in the company, valued at $1,948,373.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas A. Neis sold 2,500 shares of the stock in a transaction on 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 in the company, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. Company insiders own 33.75% of the company’s stock.
Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake 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 stake in shares of Marcus Corp. during the first quarter worth about $174,000. Arizona State Retirement System acquired a new stake in shares of Marcus Corp. during the second quarter worth about $206,000. BlackRock Inc. increased its stake 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 stake in shares of Marcus Corp. during the second quarter worth about $251,000. Institutional investors own 55.93% of the company’s stock.
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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