Marcus Corporation (The) (NYSE:MCS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst sentiment is positive: Six brokerages give Marcus a consensus “Moderate Buy” rating, with three buys, one strong buy, and two holds. The average 12-month price target is $32.25.
• Recent results exceeded expectations: Marcus reported quarterly EPS of $0.51 versus the $0.35 consensus estimate, while revenue of $231.74 million topped forecasts of $217.72 million.
• The dividend increased: The company raised its quarterly dividend from $0.08 to $0.09 per share, equivalent to $0.36 annually and a 1.3% yield.

Shares of Marcus Corporation (The) (NYSE:MCS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the six research firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.25.

A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of Marcus from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 30th. Barrington Research set a $33.00 price objective on Marcus in a research note on Monday, August 3rd. Wall Street Zen upgraded Marcus from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Benchmark increased their price objective on Marcus from $22.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Wedbush lifted their price target on Marcus from $23.00 to $34.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st.

Marcus Trading Down 0.9%

Shares of NYSE MCS opened at $27.32 on Friday. The stock has a market cap of $842.28 million, a P/E ratio of 38.48 and a beta of 0.52. The firm has a 50 day moving average price of $26.57 and a two-hundred day moving average price of $21.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. Marcus has a 52-week low of $12.85 and a 52-week high of $32.42.

Marcus (NYSE:MCS - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.16. The company had revenue of $231.74 million for the quarter, compared to analyst estimates of $217.72 million. Marcus had a return on equity of 2.67% and a net margin of 2.87%. As a group, equities analysts forecast that Marcus will post 0.81 EPS for the current year.

Marcus Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, August 25th. This is an increase from Marcus's previous quarterly dividend of $0.08. Marcus's dividend payout ratio is currently 50.70%.

Institutional Investors Weigh In On Marcus

Several institutional investors and hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System lifted its stake in shares of Marcus by 492.7% in the 2nd quarter. California State Teachers Retirement System now owns 7,320 shares of the company's stock valued at $172,000 after purchasing an additional 6,085 shares during the period. Susquehanna International Group LLP lifted its position in Marcus by 183.1% during the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company's stock valued at $1,105,000 after purchasing an additional 30,457 shares during the period. Bank of New York Mellon Corp purchased a new position in Marcus in the second quarter worth about $6,481,000. Bank of America Corp DE boosted its stake in shares of Marcus by 1.8% during the 1st quarter. Bank of America Corp DE now owns 89,332 shares of the company's stock worth $1,534,000 after acquiring an additional 1,556 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Marcus by 2.8% during the first quarter. Empowered Funds LLC now owns 181,793 shares of the company's stock valued at $3,121,000 after purchasing an additional 5,023 shares during the period. 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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.

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