Marcus (NYSE:MCS) Reaches New 1-Year High – Here’s Why

Marcus Corporation (The) (NYSE:MCS)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $21.25 and last traded at $21.11, with a volume of 167894 shares traded. The stock had previously closed at $20.61.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MCS shares. B. Riley Financial increased their price target on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings downgraded shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of Marcus from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Wedbush increased their price target on shares of Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Finally, Barrington Research reiterated an “outperform” rating and issued a $25.00 price target on shares of Marcus in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.25.

Marcus Trading Up 0.3%

The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $18.88 and a 200 day simple moving average of $16.92. The firm has a market cap of $688.23 million, a PE ratio of 52.08, a price-to-earnings-growth ratio of 3.02 and a beta of 0.55.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.03. Marcus had a return on equity of 0.79% and a net margin of 1.85%.The business had revenue of $154.40 million for the quarter, compared to analyst estimates of $148.78 million. As a group, sell-side analysts forecast that Marcus Corporation will post 0.49 earnings per share for the current fiscal year.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, June 1st. Marcus’s dividend payout ratio is currently 74.42%.

Insider Buying and Selling

In other Marcus news, insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the sale, the insider owned 45,801 shares in the company, valued at approximately $872,051.04. This represents a 14.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 16.53% of the company’s stock.

Institutional Investors Weigh In On Marcus

Several hedge funds have recently bought and sold shares of MCS. Navalign LLC purchased a new stake in Marcus in the 4th quarter worth approximately $33,000. Russell Investments Group Ltd. boosted its position in Marcus by 550.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company’s stock worth $35,000 after purchasing an additional 1,916 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Marcus by 60.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after purchasing an additional 937 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Marcus by 656.0% in the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company’s stock worth $88,000 after purchasing an additional 4,999 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Marcus by 67.6% in the 4th quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company’s stock worth $157,000 after purchasing an additional 4,076 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

About Marcus

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.