Marcus Co. (MCS) Receives Average Rating of “Buy” from Analysts

Shares of Marcus Co. (NYSE:MCS) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $34.00.

MCS has been the subject of a number of research analyst reports. Barrington Research reiterated a “buy” rating and set a $36.00 price target on shares of Marcus in a report on Monday, February 26th. B. Riley reiterated a “buy” rating and set a $34.00 price target on shares of Marcus in a report on Tuesday, January 30th. Finally, Zacks Investment Research upgraded Marcus from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a report on Wednesday, February 28th.

Shares of Marcus stock opened at $30.65 on Thursday. The company has a market cap of $860.19, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.20 and a beta of 0.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.48 and a quick ratio of 0.48. Marcus has a 12-month low of $23.55 and a 12-month high of $34.90.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, February 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. The firm had revenue of $158.16 million during the quarter, compared to analysts’ expectations of $156.52 million. Marcus had a return on equity of 10.48% and a net margin of 10.44%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 earnings per share. equities analysts predict that Marcus will post 1.71 EPS for the current fiscal year.

In other news, VP Thomas F. Kissinger sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $29.12, for a total transaction of $291,200.00. Following the completion of the transaction, the vice president now directly owns 81,664 shares in the company, valued at $2,378,055.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Diane M. Gershowitz sold 12,750 shares of the company’s stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $30.86, for a total value of $393,465.00. Following the transaction, the director now owns 7,482 shares of the company’s stock, valued at $230,894.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,250 shares of company stock valued at $1,343,255. Corporate insiders own 32.88% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its stake in shares of Marcus by 85.0% in the third quarter. Envestnet Asset Management Inc. now owns 4,169 shares of the company’s stock valued at $116,000 after purchasing an additional 1,916 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Marcus by 14.9% in the fourth quarter. First Trust Advisors LP now owns 17,449 shares of the company’s stock valued at $477,000 after purchasing an additional 2,263 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of Marcus by 28.4% in the fourth quarter. Eqis Capital Management Inc. now owns 10,960 shares of the company’s stock valued at $300,000 after purchasing an additional 2,424 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Marcus by 9.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 52,775 shares of the company’s stock valued at $1,443,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Marcus by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 325,471 shares of the company’s stock valued at $9,016,000 after purchasing an additional 4,734 shares in the last quarter. Institutional investors and hedge funds own 60.37% of the company’s stock.

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About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts. As of December 28, 2017, the company operated approximately 69 movie theatres with 895 screens in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and Ohio; owned or managed approximately 4,841 hotel and resort rooms; and 19 hotels, resorts, and other properties for third parties in nine states.

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