Marcus’ (MCS) “Buy” Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Marcus (NYSE:MCS) in a research report sent to investors on Monday, Benzinga reports. They currently have a $18.00 price objective on the stock.

Several other equities analysts also recently issued reports on the stock. B. Riley lifted their price target on shares of Marcus from $19.00 to $20.00 and gave the company a buy rating in a report on Monday, July 8th. Barrington Research reaffirmed an outperform rating and issued a $20.00 target price on shares of Marcus in a research note on Monday, May 6th.

Marcus Trading Up 0.1 %

Shares of MCS stock opened at $12.59 on Monday. Marcus has a 12-month low of $9.56 and a 12-month high of $16.75. The company has a market capitalization of $404.77 million, a P/E ratio of 52.46, a P/E/G ratio of 11.89 and a beta of 1.51. The firm has a 50-day moving average price of $11.07 and a 200 day moving average price of $12.68. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.37.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.38) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.38). Marcus had a net margin of 1.73% and a return on equity of 2.66%. The firm had revenue of $138.55 million during the quarter, compared to the consensus estimate of $141.88 million. Research analysts forecast that Marcus will post 0.07 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Monday, June 17th. Marcus’s dividend payout ratio is presently 116.67%.

Institutional Investors Weigh In On Marcus

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of Marcus by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,911,190 shares of the company’s stock worth $27,865,000 after buying an additional 38,453 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Marcus by 1.2% during the first quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock worth $26,428,000 after buying an additional 21,646 shares during the last quarter. Gate City Capital Management LLC bought a new stake in shares of Marcus during the fourth quarter worth approximately $11,669,000. KLCM Advisors Inc. raised its stake in shares of Marcus by 0.5% during the fourth quarter. KLCM Advisors Inc. now owns 564,964 shares of the company’s stock worth $8,237,000 after buying an additional 2,999 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Marcus by 133.8% during the first quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after buying an additional 250,019 shares during the last quarter. 81.57% of the stock is owned by 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.