Benchmark Raises Marcus (NYSE:MCS) Price Target to $20.00

Marcus (NYSE:MCS) had its target price upped by Benchmark from $18.00 to $20.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently issued reports on MCS. B. Riley lifted their price target on Marcus from $19.00 to $20.00 and gave the company a buy rating in a research note on Monday, July 8th. Barrington Research reissued an outperform rating and issued a $20.00 target price on shares of Marcus in a research report on Friday, September 20th. Finally, StockNews.com raised Marcus from a sell rating to a hold rating in a research report on Tuesday, September 24th.

Marcus Trading Down 0.5 %

NYSE:MCS opened at $15.84 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51. The business’s 50-day simple moving average is $14.03 and its 200-day simple moving average is $12.70. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $16.17. The stock has a market capitalization of $509.34 million, a PE ratio of 66.00 and a beta of 1.52.

Marcus (NYSE:MCS) last announced its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. The company had revenue of $176.03 million during the quarter, compared to the consensus estimate of $170.74 million. During the same period in the previous year, the firm posted $0.35 EPS. Sell-side analysts expect that Marcus will post -0.14 earnings per share for the current fiscal year.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Monday, August 26th. Marcus’s dividend payout ratio is currently 116.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in shares of Marcus by 193.2% during the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after purchasing an additional 1,246 shares in the last quarter. Innealta Capital LLC acquired a new position in Marcus during the second quarter worth $30,000. CWM LLC raised its position in Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after acquiring an additional 2,788 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new stake in Marcus in the first quarter valued at $169,000. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Marcus in the 1st quarter valued at about $173,000. 81.57% of the stock is owned by institutional investors and hedge funds.

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.