Marcus (NYSE:MCS) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Marcus Corporation (The) (NYSE:MCS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.84 and traded as high as $27.65. Marcus shares last traded at $27.6250, with a volume of 203,614 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. B. Riley Financial cut Marcus from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $27.00 to $29.00 in a research note on Friday, July 31st. Weiss Ratings raised shares of Marcus from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Wedbush upped their price objective on Marcus from $23.00 to $34.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Zacks Research raised Marcus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded Marcus from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.25.

Marcus Trading Up 0.4%

The company has a market cap of $845.98 million, a P/E ratio of 38.61 and a beta of 0.52. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $27.16 and its 200-day moving average price is $21.92.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.35 by $0.16. Marcus had a net margin of 2.87% and a return on equity of 2.67%. The company had revenue of $231.74 million during the quarter, compared to the consensus estimate of $217.72 million. As a group, equities research analysts expect that Marcus Corporation will post 0.81 earnings per share for the current fiscal year.

Marcus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, August 25th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.3%. This is a boost from Marcus’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, August 25th. Marcus’s dividend payout ratio (DPR) is presently 50.70%.

Institutional Trading of Marcus

Institutional investors have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd purchased a new stake in shares of Marcus in the second quarter worth about $290,000. Susquehanna International Group LLP grew its stake in Marcus by 183.1% during the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company’s stock valued at $1,105,000 after acquiring an additional 30,457 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Marcus during the 2nd quarter worth approximately $6,481,000. Bank of America Corp DE increased its holdings in Marcus by 1.8% during the 1st quarter. Bank of America Corp DE now owns 89,332 shares of the company’s stock worth $1,534,000 after acquiring an additional 1,556 shares during the period. Finally, Empowered Funds LLC increased its holdings in Marcus by 2.8% during the 1st quarter. Empowered Funds LLC now owns 181,793 shares of the company’s stock worth $3,121,000 after acquiring an additional 5,023 shares during the period. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

Marcus Corporation is a diversified hospitality and entertainment company headquartered in Milwaukee, Wisconsin. Founded in 1935, the company operates through two primary business segments: movie theatres and hotels and resorts.

Through Marcus Theatres, the company owns and operates cinemas under the Marcus Theatres and Movie Tavern brands, offering first-run films, premium viewing experiences, food and beverage service, and other entertainment amenities. Its theatres are located primarily in the Midwestern United States, with additional locations in other regions.

Through Marcus Hotels & Resorts, the company owns, manages, or develops hotels, resorts, and related hospitality properties.