Benchmark Forecasts Strong Price Appreciation for Marcus (NYSE:MCS) Stock

Marcus (NYSE:MCS) had its price objective boosted by Benchmark from $22.00 to $25.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

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

Marcus Trading Up 2.6 %

NYSE:MCS opened at $22.48 on Monday. The company has a market capitalization of $707.67 million, a PE ratio of -65.32, a P/E/G ratio of 4.99 and a beta of 1.48. Marcus has a 52-week low of $9.56 and a 52-week high of $22.79. The stock’s 50 day moving average price is $18.00 and its 200 day moving average price is $14.18. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be paid a $0.07 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.25%. Marcus’s dividend payout ratio (DPR) is currently -82.35%.

Insider Activity

In other news, VP Thomas F. Kissinger sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the completion of the sale, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Marcus by 53.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock valued at $58,000 after purchasing an additional 1,336 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Marcus in the 3rd quarter valued at approximately $32,000. Innealta Capital LLC acquired a new stake in shares of Marcus in the 2nd quarter valued at approximately $30,000. CWM LLC boosted 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 valued at $33,000 after buying an additional 2,788 shares in the last quarter. Finally, Walleye Trading LLC grew its holdings in Marcus by 14.5% during the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after acquiring an additional 4,300 shares during the period. 81.57% of the stock is owned by hedge funds and other 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.