Marcus Corporation (The) (NYSE:MCS) Shares Set to Pay Quarterly Dividend of $0.09

Marcus Corporation (The) (NYSE:MCS) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.09 per share on Tuesday, December 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Wednesday, November 25th.

Marcus has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Marcus has a payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marcus to earn $0.94 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 38.3%.

Marcus Stock Up 2.7%

NYSE:MCS opened at $27.98 on Thursday. Marcus has a 52 week low of $14.63 and a 52 week high of $32.42. The stock’s fifty day moving average is $27.80 and its two-hundred day moving average is $22.13. The stock has a market capitalization of $862.75 million, a price-to-earnings ratio of 35.42, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.33.

Marcus (NYSE:MCS) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. The business had revenue of $237.75 million during the quarter, compared to analysts’ expectations of $235.65 million. Marcus had a return on equity of 3.84% and a net margin of 3.08%. Research analysts anticipate that Marcus will post 0.81 EPS for the current year.

Insider Buying and Selling at Marcus

In other news, Director Diane M. Gershowitz sold 50,000 shares of the stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the sale, the director directly owned 125,617 shares in the company, valued at approximately $3,468,285.37. This trade represents a 28.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Management Professionals Inc. purchased a new stake in Marcus during the 3rd quarter worth about $28,000. USA Financial Formulas acquired a new stake in Marcus in the 3rd quarter valued at about $50,000. State of Wyoming acquired a new stake in Marcus in the 3rd quarter valued at about $70,000. WINTON GROUP Ltd acquired a new stake in Marcus in the 2nd quarter valued at about $290,000. Finally, CenterBook Partners LP purchased a new position in shares of Marcus in the 3rd quarter valued at about $655,000. 81.57% of the stock is currently owned by hedge funds and other institutional investors.

About Marcus

Marcus Corporation (NYSE: MCS) is an entertainment and hospitality company headquartered in Milwaukee, Wisconsin. Its principal businesses are conducted through Marcus Theatres and Marcus Hotels & Resorts.

Marcus Theatres operates movie theaters in the United States, primarily across the Midwest, under brands that include Marcus Theatres and Movie Tavern. Its theater operations offer film screenings, reserved seating, premium viewing formats, food and beverage service, and other cinema-related experiences.

Marcus Hotels & Resorts owns, manages, or operates hotels, resorts, restaurants, and related hospitality facilities in the United States.