Marcus' (MCS) "Outperform" Rating Reiterated at Barrington Research

Key Points

• Barrington Research reaffirmed its "Outperform" rating on Marcus (MCS) with a $25.00 price target, implying roughly a 40.8% upside from the current share price.
• Analyst consensus is a Moderate Buy (four Buy, two Hold) with an average price target of $23.50, and recent positive actions from B. Riley and Wedbush have lifted sentiment.
• Marcus beat Q1 estimates with EPS of ($0.51) (beat by $0.03) and revenue of $154.4M, trades around $17.76 (12‑month range $12.85–$20.02), while insiders have recently sold shares and institutions own about 81.6% of the stock.

Marcus (NYSE:MCS - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They presently have a $25.00 target price on the stock. Barrington Research's price objective indicates a potential upside of 40.78% from the stock's current price.

Other research analysts have also issued reports about the company. B. Riley Financial reaffirmed a "buy" rating on shares of Marcus in a research report on Friday, April 17th. Wedbush upped their price objective on shares of Marcus from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Zacks Research raised shares of Marcus from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $23.50.

Marcus Price Performance

NYSE MCS opened at $17.76 on Monday. The firm's fifty day simple moving average is $17.47 and its two-hundred day simple moving average is $16.01. The firm has a market capitalization of $546.52 million, a P/E ratio of 41.37, a P/E/G ratio of 2.33 and a beta of 0.53. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. Marcus has a 12-month low of $12.85 and a 12-month high of $20.02.

Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported ($0.51) EPS for the quarter, beating the consensus estimate of ($0.54) by $0.03. The firm had revenue of $154.40 million during the quarter, compared to analyst estimates of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. Analysts forecast that Marcus will post 0.5 EPS for the current fiscal year.

Insider Transactions at Marcus

In other news, VP Thomas F. Kissinger sold 25,000 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was 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 directly owned 199,700 shares in the company, valued at $3,458,804. This trade represents a 11.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael Reade Evans sold 7,671 shares of Marcus stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total value of $146,055.84. Following the sale, 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. In the last ninety days, insiders have sold 32,708 shares of company stock valued at $579,646. 16.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Marcus

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Orbis Allan Gray Ltd lifted its stake in Marcus by 7.9% during the 4th quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company's stock valued at $29,714,000 after acquiring an additional 141,064 shares during the period. KLCM Advisors Inc. increased its stake in shares of Marcus by 7.0% in the fourth quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company's stock worth $16,842,000 after acquiring an additional 70,958 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Marcus by 12.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company's stock worth $14,205,000 after purchasing an additional 100,480 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Marcus by 4.6% during the third quarter. American Century Companies Inc. now owns 912,696 shares of the company's stock worth $14,156,000 after purchasing an additional 40,295 shares during the last quarter. Finally, Saber Capital Managment LLC acquired a new position in Marcus during the fourth quarter valued at $7,836,000. Institutional investors and hedge funds own 81.57% of the company's stock.

About Marcus

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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