Marcus Corporation (The) (NYSE:MCS) Receives Consensus Rating of “Moderate Buy” from Analysts

Marcus Corporation (The) (NYSE:MCS) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $23.50.

Several equities research analysts have weighed in on MCS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Marcus in a research note on Monday, December 29th. Barrington Research lowered their price objective on Marcus from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, January 26th. Finally, Zacks Research lowered Marcus from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd.

Institutional Investors Weigh In On Marcus

Institutional investors and hedge funds have recently made changes to their positions in the stock. Saber Capital Managment LLC purchased a new stake in shares of Marcus during the fourth quarter valued at $7,836,000. Bastion Asset Management Inc. acquired a new stake in Marcus during the 3rd quarter worth about $3,395,000. Pacific Ridge Capital Partners LLC purchased a new stake in Marcus during the 4th quarter valued at about $2,594,000. Squarepoint Ops LLC increased its holdings in shares of Marcus by 332.2% in the second quarter. Squarepoint Ops LLC now owns 162,193 shares of the company’s stock valued at $2,735,000 after purchasing an additional 124,664 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Marcus by 55.2% in the third quarter. Marshall Wace LLP now owns 340,486 shares of the company’s stock worth $5,281,000 after purchasing an additional 121,035 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Stock Up 1.5%

NYSE:MCS opened at $16.03 on Tuesday. The company’s 50-day simple moving average is $15.54 and its 200-day simple moving average is $15.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.35 and a current ratio of 0.35. Marcus has a fifty-two week low of $12.85 and a fifty-two week high of $22.38. The stock has a market capitalization of $492.34 million, a P/E ratio of 66.80, a P/E/G ratio of 2.02 and a beta of 0.61.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Wednesday, February 25th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 25th. Marcus’s dividend payout ratio (DPR) is presently 133.33%.

Marcus announced that its board has approved a share repurchase program on Friday, October 31st that authorizes the company to repurchase 4,000,000 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.