Marcus (NYSE:MCS) Downgraded by Wall Street Zen to "Buy"

Key Points

• Wall Street Zen downgraded Marcus from “strong buy” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $32.25.
• Marcus shares opened at $27.07, down 0.3%, with a 52-week range of $12.85 to $32.42. The company has a market capitalization of approximately $834.5 million.
• Marcus exceeded quarterly expectations, reporting $0.51 in adjusted EPS versus the $0.35 consensus and revenue of $231.74 million versus estimates of $217.72 million.

Marcus (NYSE:MCS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Sunday, Wall Street Zen reports.

Several other equities research analysts have also commented on the company. B. Riley Financial lowered Marcus from a "buy" rating to a "neutral" rating and upped their target price for the company from $27.00 to $29.00 in a research report on Friday, July 31st. Weiss Ratings raised Marcus from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Wedbush increased their price target on Marcus from $23.00 to $34.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Benchmark raised their price objective on shares of Marcus from $22.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Barrington Research set a $33.00 target price on shares of Marcus in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Marcus presently has an average rating of "Moderate Buy" and a consensus target price of $32.25.

Marcus Trading Down 0.3%

Shares of NYSE:MCS opened at $27.07 on Friday. Marcus has a 1 year low of $12.85 and a 1 year high of $32.42. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44. The business's 50 day simple moving average is $28.49 and its 200 day simple moving average is $23.28. The company has a market capitalization of $834.48 million, a P/E ratio of 38.12 and a beta of 0.58.

Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.16. Marcus had a net margin of 2.87% and a return on equity of 2.67%. The business had revenue of $231.74 million for the quarter, compared to analysts' expectations of $217.72 million. On average, research analysts anticipate that Marcus will post 0.81 EPS for the current fiscal year.

Insider Activity at Marcus

In other news, Director Diane M. Gershowitz sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the transaction, the director directly owned 125,617 shares of the company's stock, valued at $3,468,285.37. This represents a 28.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 16.53% of the stock is currently owned by corporate insiders.

Institutional Trading of Marcus

Several hedge funds have recently bought and sold shares of MCS. Saber Capital Managment LLC purchased a new stake in Marcus in the 4th quarter valued at about $7,836,000. Bank of New York Mellon Corp purchased a new stake in shares of Marcus during the 2nd quarter valued at $6,481,000. Heartland Advisors Inc. raised its stake in shares of Marcus by 24.4% during the 1st quarter. Heartland Advisors Inc. now owns 255,000 shares of the company's stock worth $4,378,000 after purchasing an additional 50,000 shares during the period. Empowered Funds LLC boosted its stake in Marcus by 2.8% in the first quarter. Empowered Funds LLC now owns 181,793 shares of the company's stock valued at $3,121,000 after acquiring an additional 5,023 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Marcus by 8.5% in the first quarter. Quantinno Capital Management LP now owns 102,006 shares of the company's stock valued at $1,751,000 after purchasing an additional 8,024 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company's stock.

About Marcus

Marcus Corporation NYSE: MCS is a Wisconsin-based company operating in the entertainment and lodging industries. Its business is organized primarily through Marcus Theatres and Marcus Hotels & Resorts, serving customers across selected markets in the United States.

Marcus Theatres operates movie theaters that offer first-run films, premium large-format and other enhanced viewing experiences, food and beverage services, and other entertainment amenities. The division also operates theaters under the Marcus, Movie Tavern, and BistroPlex brands.

Marcus Hotels & Resorts owns, manages, or develops hotels and resorts in various U.S.

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