Marcus (NYSE:MCS) Receives Buy Rating from Benchmark

Benchmark reiterated their buy rating on shares of Marcus (NYSE:MCS) in a research note issued to investors on Friday,Benzinga reports. Benchmark currently has a $25.00 target price on the stock.

A number of other brokerages also recently issued reports on MCS. StockNews.com downgraded Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Barrington Research restated an “outperform” rating and set a $27.00 target price on shares of Marcus in a research note on Thursday, February 27th.

Marcus Stock Down 0.4 %

Shares of NYSE:MCS opened at $15.92 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $23.16. The stock has a market cap of $505.48 million, a price-to-earnings ratio of -46.83, a price-to-earnings-growth ratio of 3.12 and a beta of 1.24. The firm’s 50 day moving average price is $18.20 and its 200 day moving average price is $19.28.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were given a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.76%. Marcus’s dividend payout ratio (DPR) is -107.69%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MCS. Lazard Asset Management LLC lifted its holdings in shares of Marcus by 2,908.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock valued at $51,000 after buying an additional 2,298 shares during the period. Quarry LP purchased a new stake in shares of Marcus during the 4th quarter worth $70,000. National Bank of Canada FI grew its stake in shares of Marcus by 407,500.0% during the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock worth $88,000 after purchasing an additional 4,075 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Marcus in the 4th quarter valued at about $114,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Marcus in the fourth quarter valued at about $130,000. 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.