Vanguard Group Inc. Increases Stock Holdings in Marcus Corporation (The) $MCS

Key Points

• Vanguard Group Inc. has increased its stake in Marcus Corporation by 4.1%, owning about 1.5 million shares valued at approximately $25 million.
• Marcus Corporation declared a quarterly dividend of $0.08, up from the previous $0.07, with a dividend yield of 2.1%.
• Analysts maintain a consensus "Buy" rating for Marcus stock, with target prices averaging around $24.50.

Vanguard Group Inc. boosted its position in Marcus Corporation (The) (NYSE:MCS - Free Report) by 4.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,500,287 shares of the company's stock after purchasing an additional 59,336 shares during the period. Vanguard Group Inc. owned about 4.73% of Marcus worth $25,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Marcus by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,481,190 shares of the company's stock worth $31,845,000 after acquiring an additional 24,325 shares during the period. Millennium Management LLC lifted its position in shares of Marcus by 28.7% during the fourth quarter. Millennium Management LLC now owns 353,516 shares of the company's stock worth $7,601,000 after purchasing an additional 78,932 shares during the last quarter. AQR Capital Management LLC raised its stake in Marcus by 2.7% during the fourth quarter. AQR Capital Management LLC now owns 303,022 shares of the company's stock worth $6,515,000 after acquiring an additional 7,981 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in shares of Marcus by 1.7% during the first quarter. Mesirow Financial Investment Management Inc. now owns 208,170 shares of the company's stock valued at $3,474,000 after acquiring an additional 3,437 shares during the period. Finally, Covalent Partners LLC acquired a new position in Marcus in the fourth quarter worth approximately $1,720,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. B. Riley started coverage on shares of Marcus in a report on Friday, May 16th. They set a "buy" rating and a $24.00 price target on the stock. Wedbush started coverage on shares of Marcus in a research report on Friday, July 18th. They set an "outperform" rating and a $24.00 target price on the stock. Wall Street Zen lowered shares of Marcus from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Barrington Research reissued an "outperform" rating and set a $25.00 price objective on shares of Marcus in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, Marcus has a consensus rating of "Buy" and an average price target of $24.50.

Marcus Stock Up 0.9%

Shares of NYSE MCS traded up $0.14 during trading on Friday, hitting $15.46. The stock had a trading volume of 201,995 shares, compared to its average volume of 290,530. The firm has a fifty day moving average of $16.33 and a two-hundred day moving average of $17.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $484.05 million, a PE ratio of 34.36, a PEG ratio of 2.89 and a beta of 1.24. Marcus Corporation has a 12 month low of $13.94 and a 12 month high of $23.16.

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

Marcus Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Monday, August 25th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Marcus's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Monday, August 25th. Marcus's payout ratio is 71.11%.

Marcus 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.