Marcus (NYSE:MCS) Sets New 1-Year High on Analyst Upgrade

The Marcus Co. (NYSE:MCS) hit a new 52-week high during trading on Wednesday after Benchmark raised their price target on the stock from $18.00 to $20.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $15.88 and last traded at $15.83, with a volume of 216025 shares traded. The stock had previously closed at $15.15.

Several other research analysts also recently issued reports on the company. StockNews.com raised Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Barrington Research restated an “outperform” rating and set a $20.00 price objective on shares of Marcus in a report on Friday, September 20th. Finally, B. Riley upped their target price on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 8th.

Hedge Funds Weigh In On Marcus

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC boosted its position in Marcus by 193.2% during the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after purchasing an additional 1,246 shares during the period. Innealta Capital LLC acquired a new stake in shares of Marcus during the second quarter worth approximately $30,000. CWM LLC increased its stake in shares of Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after buying an additional 2,788 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Marcus in the first quarter valued at $169,000. Finally, State Board of Administration of Florida Retirement System bought a new position in Marcus during the 1st quarter valued at $173,000. 81.57% of the stock is owned by institutional investors and hedge funds.

Marcus Stock Performance

The company has a market capitalization of $512.39 million, a price-to-earnings ratio of 66.33 and a beta of 1.52. The company’s fifty day simple moving average is $13.95 and its two-hundred day simple moving average is $12.68. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. The business had revenue of $176.03 million during the quarter, compared to the consensus estimate of $170.74 million. During the same quarter in the previous year, the business posted $0.35 earnings per share. Equities research analysts predict that The Marcus Co. will post -0.14 earnings per share for the current fiscal year.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.76%. Marcus’s dividend payout ratio is currently 116.67%.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.