Brandywine Global Investment Management LLC Boosts Holdings in Marcus Corporation (The) $MCS

Key Points

• Brandywine Global Investment Management LLC increased its holdings in Marcus Corporation by 79.7%, owning 90,140 shares worth approximately $1.5 million after acquiring an additional 39,990 shares in the first quarter.
• Marcus Corporation recently announced a quarterly dividend hike to $0.08, up from the previous $0.07, representing an annual yield of 2.1%.
• The company reported a quarterly earnings per share (EPS) of $0.23, exceeding analysts' expectations of $0.19, with revenues reaching $206.04 million.

Brandywine Global Investment Management LLC boosted its position in shares of Marcus Corporation (The) (NYSE:MCS - Free Report) by 79.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 90,140 shares of the company's stock after acquiring an additional 39,990 shares during the period. Brandywine Global Investment Management LLC owned 0.28% of Marcus worth $1,504,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCS. Invesco Ltd. raised its stake in Marcus by 0.8% during the 4th quarter. Invesco Ltd. now owns 64,448 shares of the company's stock worth $1,386,000 after acquiring an additional 511 shares during the period. Renaissance Technologies LLC raised its stake in Marcus by 303.7% during the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock worth $5,527,000 after acquiring an additional 193,400 shares during the period. Sterling Capital Management LLC raised its stake in Marcus by 8.5% during the 4th 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 period. Walleye Capital LLC bought a new stake in Marcus during the 4th quarter worth approximately $856,000. Finally, Marshall Wace LLP raised its stake in Marcus by 24.3% during the 4th quarter. Marshall Wace LLP now owns 254,607 shares of the company's stock worth $5,474,000 after acquiring an additional 49,844 shares during the period. Institutional investors own 81.57% of the company's stock.

Analysts Set New Price Targets

MCS has been the topic of a number of recent analyst reports. Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Marcus in a research note on Monday, August 4th. Wall Street Zen cut shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. B. Riley assumed coverage on shares of Marcus in a research report on Friday, May 16th. They set a "buy" rating and a $24.00 price objective on the stock. Finally, Wedbush assumed coverage on shares of Marcus in a research report on Friday, July 18th. They set an "outperform" rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $24.50.

Marcus Trading Up 1.1%

Marcus stock opened at $15.11 on Tuesday. The stock has a market cap of $473.06 million, a P/E ratio of 33.58, a PEG ratio of 2.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39. Marcus Corporation has a 1 year low of $13.34 and a 1 year high of $23.16. The firm's 50 day moving average price is $16.67 and its 200-day moving average price is $17.34.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Marcus had a net margin of 1.91% and a return on equity of 4.28%. The company had revenue of $206.04 million for the quarter, compared to analysts' expectations of $192.79 million. On average, equities analysts predict that Marcus Corporation will post 0.36 earnings per share for the current fiscal year.

Marcus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be given a $0.08 dividend. This is a boost from Marcus's previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 25th. Marcus's dividend payout ratio (DPR) is presently 62.22%.

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.

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