Marcus (NYSE:MCS) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Marcus Corporation (The) (NYSE:MCS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.93 and traded as high as $22.34. Marcus shares last traded at $21.8440, with a volume of 107,113 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research raised shares of Marcus from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. B. Riley Financial lifted their price target on shares of Marcus from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Weiss Ratings lowered shares of Marcus from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Barrington Research restated an “outperform” rating and issued a $25.00 price objective on shares of Marcus in a research report on Monday, May 4th. Finally, Wedbush raised their price objective on Marcus from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $24.25.

Marcus Price Performance

The company’s 50-day moving average price is $20.52 and its 200-day moving average price is $17.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $671.27 million, a P/E ratio of 50.80, a P/E/G ratio of 3.00 and a beta of 0.51.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.03. The business had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. Marcus had a net margin of 1.85% and a return on equity of 0.79%. As a group, sell-side analysts predict that Marcus Corporation will post 0.49 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, June 1st. Marcus’s payout ratio is 74.42%.

Insider Buying and Selling at Marcus

In other news, insider Michael Reade Evans sold 7,671 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the transaction, the insider directly owned 45,801 shares of the company’s stock, valued at $872,051.04. This represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Marcus

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Marcus by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company’s stock valued at $231,000 after acquiring an additional 624 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Marcus by 29.9% in the fourth quarter. Russell Investments Group Ltd. now owns 2,942 shares of the company’s stock worth $46,000 after purchasing an additional 678 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company’s stock worth $42,000 after purchasing an additional 937 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its holdings in Marcus by 0.5% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 204,210 shares of the company’s stock worth $3,167,000 after purchasing an additional 1,028 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Marcus by 1.2% during the third quarter. Bank of America Corp DE now owns 102,695 shares of the company’s stock worth $1,593,000 after purchasing an additional 1,205 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.