Marcus Corporation (The) (NYSE:MCS) Given Average Rating of "Buy" by Brokerages
Marcus Corporation (NYSE:MCS) has received a consensus rating of "Buy" from five research firms. One analyst rated it as hold, three as buy, and one as strong buy. The average target price is $24.50. Recent institutional trading shows significant increases in holdings by various firms. The stock is currently trading at $15.69, with a market cap of $491.25 million. The company reported $0.23 EPS for the last quarter, exceeding estimates, and recently increased its quarterly dividend from $0.07 to $0.08 per share.
Marcus Corporation (The) (NYSE:MCS - Get Free Report) has been assigned a consensus rating of "Buy" from the five research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.50.
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MCS has been the topic of a number of research reports. Wedbush initiated coverage on shares of Marcus in a report on Friday, July 18th. They set an "outperform" rating and a $24.00 price target on the stock. Zacks Research upgraded shares of Marcus from a "strong sell" rating to a "hold" rating in a report on Thursday. Finally, Barrington Research restated an "outperform" rating and set a $25.00 price target on shares of Marcus in a report on Monday, August 4th.
View Our Latest Analysis on MCS
Institutional Trading of Marcus
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Large investors have recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in shares of Marcus by 2,908.9% during the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock worth $51,000 after buying an additional 2,298 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Marcus by 60.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company's stock worth $42,000 after buying an additional 937 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Marcus in the 1st quarter valued at $76,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Marcus by 38.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock valued at $145,000 after purchasing an additional 2,424 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in Marcus in the 4th quarter valued at $206,000. 81.57% of the stock is owned by institutional investors.
Marcus Stock Performance
NYSE:MCS traded down $0.41 during mid-day trading on Friday, hitting $15.69. The stock had a trading volume of 419,447 shares, compared to its average volume of 206,967. The stock has a market capitalization of $491.25 million, a price-to-earnings ratio of 34.87, a P/E/G ratio of 2.95 and a beta of 1.22. The company has a 50 day simple moving average of $15.92 and a 200-day simple moving average of $16.53. Marcus has a 52 week low of $14.13 and a 52 week high of $23.16. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.40.
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Marcus (NYSE:MCS - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. Marcus had a net margin of 1.91% and a return on equity of 4.28%. The company had revenue of $206.04 million for the quarter, compared to the consensus estimate of $192.79 million. On average, research analysts expect that Marcus will post 0.36 earnings per share for the current fiscal year.
Marcus Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, August 25th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 25th. This is a boost from Marcus's previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a yield of 2.0%. Marcus's payout ratio is presently 71.11%.
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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