Marcus (NYSE:MCS) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Marcus (NYSE:MCS) in a report issued on Thursday,Benzinga reports. Benchmark currently has a $25.00 price objective on the stock.

Several other brokerages also recently issued reports on MCS. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price target on shares of Marcus in a report on Wednesday, November 13th. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Marcus Stock Performance

NYSE:MCS opened at $20.40 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. Marcus has a 12-month low of $9.56 and a 12-month high of $23.16. The stock’s 50 day moving average price is $21.21 and its two-hundred day moving average price is $17.49.

Marcus Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, November 25th were paid a $0.07 dividend. The ex-dividend date was Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.37%. Marcus’s dividend payout ratio (DPR) is presently -82.35%.

Insiders Place Their Bets

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total transaction of $178,480.00. Following the sale, the vice president now owns 186,585 shares of the company’s stock, valued at $4,162,711.35. This represents a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Marcus

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP boosted its position in shares of Marcus by 21.6% during the 2nd quarter. Marshall Wace LLP now owns 116,081 shares of the company’s stock worth $1,320,000 after acquiring an additional 20,617 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Marcus by 35.6% in the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock valued at $2,638,000 after purchasing an additional 60,921 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after purchasing an additional 183,909 shares in the last quarter. Millennium Management LLC increased its stake in shares of Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after purchasing an additional 294,593 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Marcus during the 3rd quarter worth $194,000. 81.57% of the stock is currently owned by institutional investors.

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.