Marcus (NYSE:MCS) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Marcus (NYSE:MCS) in a research report report published on Thursday, Benzinga reports. They currently have a $20.00 target price on the stock.

A number of other equities analysts have also commented on MCS. StockNews.com raised shares of Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Benchmark lifted their price target on Marcus from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, B. Riley raised their price objective on Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 8th.

Marcus Price Performance

Shares of NYSE:MCS traded up $0.98 during trading hours on Thursday, hitting $19.85. 262,232 shares of the company’s stock traded hands, compared to its average volume of 536,918. The company’s fifty day simple moving average is $15.19 and its two-hundred day simple moving average is $12.98. The company has a market cap of $638.18 million, a price-to-earnings ratio of -25.15 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51. Marcus has a 52 week low of $9.56 and a 52 week high of $20.08.

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

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. Marcus’s payout ratio is -37.33%.

Institutional Investors Weigh In On Marcus

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC increased its holdings in Marcus by 83.2% in the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after buying an additional 294,593 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after purchasing an additional 250,019 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after purchasing an additional 183,909 shares during the last quarter. Squarepoint Ops LLC increased its position in Marcus by 35.6% during the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after buying an additional 60,921 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Marcus during the second quarter worth $539,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Company Profile

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.