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

Key Points

• Marcus Corporation has received a consensus analyst rating of “Moderate Buy” from six brokerages, with four buy ratings and two hold ratings. The average 12-month price target is $23.33.
• The company recently beat quarterly expectations, reporting EPS of -$0.51 versus an expected -$0.54 and revenue of $154.4 million versus estimates of $148.78 million.
• Marcus also declared a quarterly dividend of $0.08 per share, implying an annualized yield of 1.7%. However, insiders have sold shares in recent months, including VP Thomas F. Kissinger and insider Michael Reade Evans.

Marcus Corporation (The) (NYSE:MCS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $23.3333.

Several equities analysts have recently issued reports on MCS shares. Barrington Research reissued an "outperform" rating and issued a $25.00 price target on shares of Marcus in a report on Monday, May 4th. B. Riley Financial reissued a "buy" rating on shares of Marcus in a report on Friday, April 17th. Weiss Ratings lowered shares of Marcus from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, May 4th. Zacks Research raised shares of Marcus from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Finally, Wedbush boosted their price target on shares of Marcus from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Thursday, April 30th.

Marcus Price Performance

MCS opened at $19.01 on Thursday. The company has a fifty day moving average price of $17.96 and a two-hundred day moving average price of $16.51. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 0.35. Marcus has a 52 week low of $12.85 and a 52 week high of $20.02. The firm has a market capitalization of $584.18 million, a PE ratio of 44.21, a P/E/G ratio of 2.62 and a beta of 0.53.

Marcus (NYSE:MCS - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, topping analysts' consensus estimates of ($0.54) by $0.03. Marcus had a net margin of 1.85% and a return on equity of 0.79%. The firm had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. As a group, analysts anticipate that Marcus will post 0.47 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.32 annualized dividend and a dividend yield of 1.7%. Marcus's payout ratio is 74.42%.

Insider Buying and Selling at Marcus

In other news, VP Thomas F. Kissinger sold 25,000 shares of the business's stock in a transaction on Friday, March 6th. The shares were sold at an average price of $17.32, for a total value of $433,000.00. Following the completion of the transaction, the vice president owned 199,700 shares of the company's stock, valued at $3,458,804. The trade was a 11.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Reade Evans sold 7,671 shares of the business's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the transaction, the insider directly owned 45,801 shares of the company's stock, valued at $872,051.04. This trade represents a 14.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,708 shares of company stock valued at $579,646 in the last three months. 16.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On Marcus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Marcus by 1.8% in the 1st quarter. Bank of America Corp DE now owns 89,332 shares of the company's stock worth $1,534,000 after purchasing an additional 1,556 shares during the period. Empowered Funds LLC boosted its stake in Marcus by 2.8% in the 1st quarter. Empowered Funds LLC now owns 181,793 shares of the company's stock worth $3,121,000 after purchasing an additional 5,023 shares during the period. Quantinno Capital Management LP boosted its stake in Marcus by 8.5% in the 1st quarter. Quantinno Capital Management LP now owns 102,006 shares of the company's stock worth $1,751,000 after purchasing an additional 8,024 shares during the period. Lazard Asset Management LLC acquired a new position in Marcus in the 1st quarter worth $844,000. Finally, Heartland Advisors Inc. boosted its stake in Marcus by 24.4% in 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. 81.57% of the stock is owned by institutional investors and hedge funds.

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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