Marcus’ (MCS) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research restated their outperform rating on shares of Marcus (NYSE:MCS) in a research note issued to investors on Monday morning, Benzinga reports. The firm currently has a $20.00 price objective on the stock. Barrington Research also issued estimates for Marcus’ Q2 2024 earnings at $0.05 EPS, Q3 2024 earnings at $0.34 EPS, Q4 2024 earnings at $0.16 EPS, FY2024 earnings at $0.26 EPS, Q1 2025 earnings at ($0.26) EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.12 EPS, FY2025 earnings at $0.35 EPS and FY2026 earnings at $0.43 EPS.

Several other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Marcus from a buy rating to a hold rating in a research report on Thursday, February 1st. Benchmark reaffirmed a buy rating and set a $20.00 price objective on shares of Marcus in a report on Tuesday, March 5th.

Marcus Trading Down 0.5 %

Marcus stock opened at $11.18 on Monday. The stock has a market cap of $354.65 million, a P/E ratio of 46.58, a PEG ratio of 6.35 and a beta of 1.48. Marcus has a fifty-two week low of $10.87 and a fifty-two week high of $16.75. The firm’s fifty day moving average price is $13.64 and its 200-day moving average price is $14.17. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.43 and a current ratio of 0.43.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.12. The business had revenue of $161.53 million for the quarter, compared to analyst estimates of $160.75 million. Marcus had a return on equity of 2.66% and a net margin of 1.73%. Equities research analysts forecast that Marcus will post 0.13 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Friday, March 1st. Marcus’s payout ratio is currently 116.67%.

Institutional Investors Weigh In On Marcus

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in shares of Marcus by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,911,190 shares of the company’s stock valued at $27,865,000 after purchasing an additional 38,453 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Marcus during the fourth quarter valued at about $15,410,000. Gate City Capital Management LLC bought a new stake in shares of Marcus in the 4th quarter valued at about $11,669,000. KLCM Advisors Inc. boosted its holdings in Marcus by 0.5% during the 4th quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock valued at $8,237,000 after acquiring an additional 2,999 shares during the period. Finally, Invesco Ltd. grew its position in Marcus by 7.3% during the 3rd quarter. Invesco Ltd. now owns 422,664 shares of the company’s stock worth $6,551,000 after acquiring an additional 28,936 shares during the last quarter. 81.57% of the stock is currently owned by 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.