Marcus (NYSE:MCS) Stock Price Up 8.1% – Still a Buy?

The Marcus Co. (NYSE:MCS) shares rose 8.1% during trading on Wednesday . The stock traded as high as $17.49 and last traded at $17.55. Approximately 16,252 shares were traded during trading, a decline of 92% from the average daily volume of 209,142 shares. The stock had previously closed at $16.23.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Benchmark reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Marcus in a research note on Thursday, January 30th. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of Marcus in a report on Thursday, February 27th.

Marcus Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The stock’s 50-day simple moving average is $19.55 and its two-hundred day simple moving average is $19.05. The stock has a market cap of $561.35 million, a price-to-earnings ratio of -52.00, a price-to-earnings-growth ratio of 3.12 and a beta of 1.57.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.58%. Marcus’s payout ratio is -107.69%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC grew its stake in shares of Marcus by 2,908.9% in the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock worth $51,000 after acquiring an additional 2,298 shares during the last quarter. Quarry LP acquired a new stake in Marcus in the 4th quarter worth $70,000. National Bank of Canada FI increased its holdings in shares of Marcus by 407,500.0% during the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock worth $88,000 after purchasing an additional 4,075 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Marcus during the fourth quarter valued at about $114,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Marcus during the fourth quarter valued at about $130,000. 81.57% of the stock is 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.