Marcus (NYSE:MCS) Price Target Cut to $24.00 by Analysts at Barrington Research

Marcus (NYSE:MCS) had its target price lowered by Barrington Research from $25.00 to $24.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Barrington Research’s price objective points to a potential upside of 53.55% from the stock’s previous close.

Several other research firms have also weighed in on MCS. Benchmark cut their target price on shares of Marcus from $25.00 to $22.00 and set a “buy” rating for the company in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marcus in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Marcus Trading Down 1.1%

Shares of NYSE:MCS opened at $15.63 on Monday. The firm has a market capitalization of $480.00 million, a P/E ratio of 65.13, a P/E/G ratio of 1.88 and a beta of 0.55. Marcus has a 1 year low of $12.85 and a 1 year high of $22.38. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.35 and a quick ratio of 0.35. The business’s 50-day moving average is $15.51 and its 200 day moving average is $15.39.

Marcus (NYSE:MCS) last released its earnings results on Friday, October 31st. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Marcus had a return on equity of 1.71% and a net margin of 1.02%.The firm had revenue of $210.15 million for the quarter, compared to analyst estimates of $214.14 million. On average, research analysts predict that Marcus will post 0.36 earnings per share for the current fiscal year.

Marcus declared that its Board of Directors has approved a share repurchase program on Friday, October 31st that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Marcus by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock worth $231,000 after purchasing an additional 624 shares during the period. Millennium Management LLC raised its stake in shares of Marcus by 11.1% in the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company’s stock valued at $6,553,000 after acquiring an additional 39,118 shares during the period. Empowered Funds LLC boosted its position in shares of Marcus by 2.1% during the 1st quarter. Empowered Funds LLC now owns 172,745 shares of the company’s stock worth $2,883,000 after purchasing an additional 3,562 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Marcus in the 2nd quarter valued at approximately $639,000. Finally, AlphaQuest LLC raised its position in Marcus by 2,963.8% in the second quarter. AlphaQuest LLC now owns 35,816 shares of the company’s stock valued at $604,000 after purchasing an additional 34,647 shares during the period. 81.57% of the stock is currently 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. 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.