Marcus (NYSE:MCS) Trading Down 8% – What’s Next?

The Marcus Co. (NYSE:MCS)’s stock price traded down 8% on Thursday . The company traded as low as $19.22 and last traded at $19.20. 66,662 shares were traded during trading, a decline of 61% from the average session volume of 171,250 shares. The stock had previously closed at $20.87.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $25.00 price objective on shares of Marcus in a research report on Thursday, January 30th. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a report on Friday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $27.00 target price on shares of Marcus in a research note on Thursday.

Marcus Price Performance

The firm has a market cap of $577.85 million, a price-to-earnings ratio of -53.99, a PEG ratio of 3.12 and a beta of 1.53. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $20.78 and its 200-day moving average price is $18.77.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 25th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.53%. Marcus’s dividend payout ratio is presently -82.35%.

Institutional Trading of Marcus

Several hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Marcus by 0.8% in the fourth quarter. Invesco Ltd. now owns 64,448 shares of the company’s stock valued at $1,386,000 after acquiring an additional 511 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Marcus by 8.5% during the fourth quarter. Sterling Capital Management LLC now owns 8,876 shares of the company’s stock worth $191,000 after acquiring an additional 693 shares during the last quarter. Swiss National Bank grew its position in shares of Marcus by 2.2% during the fourth quarter. Swiss National Bank now owns 47,100 shares of the company’s stock worth $1,013,000 after acquiring an additional 1,000 shares during the last quarter. Bank of Montreal Can grew its position in Marcus by 0.6% in the 4th quarter. Bank of Montreal Can now owns 259,666 shares of the company’s stock valued at $5,583,000 after buying an additional 1,536 shares during the last quarter. Finally, Lazard Asset Management LLC grew its position in Marcus by 2,908.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock valued at $51,000 after buying an additional 2,298 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.