Marcus (NYSE:MCS) Price Target Raised to $22.00 at Benchmark

by · The Markets Daily

Marcus (NYSE:MCS – Free Report) had its price objective increased by Benchmark from $20.00 to $22.00 in a research report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on MCS. Barrington Research reissued an “outperform” rating and issued a $20.00 price target on shares of Marcus in a report on Thursday. StockNews.com upgraded shares of Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, B. Riley upped their price target on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th.

Get Our Latest Research Report on MCS

Marcus Price Performance

Marcus stock traded up $1.75 during trading hours on Friday, hitting $20.62. 1,276,234 shares of the company traded hands, compared to its average volume of 541,700. Marcus has a 1-year low of $9.56 and a 1-year high of $20.72. The firm has a market cap of $662.93 million, a P/E ratio of -27.49 and a beta of 1.52. The firm’s 50-day simple moving average is $15.43 and its two-hundred day simple moving average is $13.07. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39.

Marcus (NYSE:MCS – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The company had revenue of $176.03 million for the quarter, compared to analyst estimates of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same quarter in the prior year, the business earned $0.35 EPS. As a group, analysts forecast that Marcus will post -0.03 earnings per share for the current fiscal year.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.36%. The ex-dividend date was Monday, August 26th. Marcus’s dividend payout ratio (DPR) is currently -37.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in Marcus by 221.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock valued at $216,000 after purchasing an additional 10,454 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Marcus by 9.9% in the first quarter. Janney Montgomery Scott LLC now owns 32,951 shares of the company’s stock worth $470,000 after acquiring an additional 2,955 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Marcus by 8.1% during the first quarter. Empowered Funds LLC now owns 141,822 shares of the company’s stock worth $2,022,000 after acquiring an additional 10,675 shares in the last quarter. SG Americas Securities LLC boosted its position in Marcus by 25.4% during the first quarter. SG Americas Securities LLC now owns 17,417 shares of the company’s stock valued at $248,000 after purchasing an additional 3,527 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its stake in Marcus by 5.8% in the first quarter. Avantax Advisory Services Inc. now owns 35,462 shares of the company’s stock valued at $506,000 after purchasing an additional 1,947 shares in the last quarter. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

(Get Free Report)

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.

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