Marcus Corporation (The) (NYSE:MCS) Stock Has Consensus Price Target of $32.25

Key Points

• Analysts maintain a “Moderate Buy” consensus on Marcus, with three buy ratings, one strong-buy rating, and two holds. The average 12-month price target is $32.25, above the stock’s reported $28.64 opening price.
• Marcus exceeded quarterly expectations, reporting $0.51 in adjusted earnings per share versus the $0.35 consensus estimate and revenue of $231.74 million versus $217.72 million expected.
• The company raised its quarterly dividend from $0.08 to $0.09 per share, equivalent to an annualized $0.36 dividend and a 1.3% yield. Institutional investors own 81.57% of the stock, while an insider recently sold 50,000 shares.

Marcus Corporation (The) (NYSE:MCS - Get Free Report) has received a consensus rating of "Moderate Buy" from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $32.25.

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

Insiders Place Their Bets

In other news, Director Diane M. Gershowitz sold 50,000 shares of Marcus stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the completion of the transaction, the director owned 125,617 shares of the company's stock, valued at $3,468,285.37. The trade was a 28.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.53% of the company's stock.

Hedge Funds Weigh In On Marcus

Institutional investors have recently bought and sold shares of the stock. WINTON GROUP Ltd purchased a new stake in Marcus in the 2nd quarter worth $290,000. Susquehanna International Group LLP increased its holdings in shares of Marcus by 183.1% in the second quarter. Susquehanna International Group LLP now owns 47,094 shares of the company's stock worth $1,105,000 after purchasing an additional 30,457 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Marcus in the second quarter worth about $6,481,000. Bank of America Corp DE lifted its position in shares of Marcus by 1.8% in the first quarter. Bank of America Corp DE now owns 89,332 shares of the company's stock worth $1,534,000 after buying an additional 1,556 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake 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 buying an additional 5,023 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

Marcus Price Performance

Shares of NYSE MCS opened at $28.64 on Wednesday. The stock has a fifty day simple moving average of $28.26 and a two-hundred day simple moving average of $22.70. Marcus has a 1-year low of $12.85 and a 1-year high of $32.42. The firm has a market cap of $882.85 million, a price-to-earnings ratio of 40.33 and a beta of 0.52. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34.

Marcus (NYSE:MCS - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 2.87% and a return on equity of 2.67%. Analysts anticipate that Marcus will post 0.81 earnings per share for the current year.

Marcus Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, August 25th were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, August 25th. This represents a $0.36 dividend on an annualized basis and a yield of 1.3%. This is a boost from Marcus's previous quarterly dividend of $0.08. Marcus's dividend payout ratio (DPR) is presently 50.70%.

About Marcus

Marcus Corporation is a diversified hospitality and entertainment company headquartered in Milwaukee, Wisconsin. Founded in 1935, the company operates through two primary business segments: movie theatres and hotels and resorts.

Through Marcus Theatres, the company owns and operates cinemas under the Marcus Theatres and Movie Tavern brands, offering first-run films, premium viewing experiences, food and beverage service, and other entertainment amenities. Its theatres are located primarily in the Midwestern United States, with additional locations in other regions.

Through Marcus Hotels & Resorts, the company owns, manages, or develops hotels, resorts, and related hospitality properties.

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