Marcus Corporation (The) (MCS) To Go Ex-Dividend on August 25th

Marcus Corporation (The) (NYSE:MCS) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 25th will be given a dividend of 0.09 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 25th. This is a 12.5% increase from Marcus’s previous quarterly dividend of $0.08.

Marcus has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 2 years. Marcus has a dividend payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marcus to earn $1.46 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 24.7%.

Marcus Stock Down 0.6%

Shares of Marcus stock opened at $29.44 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. Marcus has a 52-week low of $12.85 and a 52-week high of $32.42. The company’s 50 day moving average price is $25.52 and its 200-day moving average price is $20.42. The stock has a market capitalization of $907.64 million, a price-to-earnings ratio of 41.47 and a beta of 0.51.

Marcus (NYSE:MCS) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. The company had revenue of $231.74 million during the quarter, compared to analyst estimates of $217.72 million. Marcus had a net margin of 2.87% and a return on equity of 2.67%. Equities research analysts forecast that Marcus will post 0.81 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Saber Capital Managment LLC purchased a new stake in shares of Marcus in the 4th quarter worth about $7,836,000. Pacific Ridge Capital Partners LLC purchased a new position in shares of Marcus during the fourth quarter valued at about $2,594,000. Gamco Investors INC. ET AL increased its position in shares of Marcus by 12.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company’s stock valued at $14,205,000 after buying an additional 100,480 shares during the period. Bastion Asset Management Inc. increased its position in shares of Marcus by 70.1% during the fourth quarter. Bastion Asset Management Inc. now owns 374,612 shares of the company’s stock valued at $5,716,000 after buying an additional 154,439 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Marcus in the first quarter worth about $844,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.