Marcus (NYSE:MCS) Given New $22.00 Price Target at Benchmark

Key Points

• Benchmark has reduced the price target for Marcus (NYSE:MCS) from $25.00 to $22.00, maintaining a "buy" rating despite the cut, indicating a potential upside of 47.16% from the last closing price.
• The company reported a net margin of 1.91% with earnings of $0.23 per share for the last quarter, surpassing estimates by $0.04, and revenues reached $206.04 million.
• Institutional investors own 81.57% of Marcus stock, with notable increases in holdings by firms like Tower Research Capital, highlighting significant interest from large investors.

Marcus (NYSE:MCS - Get Free Report) had its price objective cut by equities research analysts at Benchmark from $25.00 to $22.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price target points to a potential upside of 47.16% from the company's previous close.

MCS has been the subject of a number of other research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Marcus in a research report on Saturday, September 27th. Wedbush began coverage on Marcus in a report on Friday, July 18th. They issued an "outperform" rating and a $24.00 price target for the company. Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Marcus in a report on Tuesday, September 23rd. Finally, Zacks Research raised Marcus from a "strong sell" rating to a "hold" rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.75.

Marcus Stock Performance

Marcus stock traded down $0.40 during mid-day trading on Monday, reaching $14.95. 33,671 shares of the company were exchanged, compared to its average volume of 207,088. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.39 and a current ratio of 0.39. The firm's 50-day simple moving average is $15.50 and its two-hundred day simple moving average is $16.46. Marcus has a twelve month low of $14.13 and a twelve month high of $23.16. The firm has a market cap of $468.10 million, a PE ratio of 33.31, a price-to-earnings-growth ratio of 2.82 and a beta of 1.02.

Marcus (NYSE:MCS - Get Free Report) last issued 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 return on equity of 4.28% and a net margin of 1.91%.The firm had revenue of $206.04 million during the quarter, compared to the consensus estimate of $192.79 million. Equities analysts predict that Marcus will post 0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marcus

Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in shares of Marcus by 60.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company's stock worth $42,000 after acquiring an additional 937 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Marcus in the 1st quarter valued at about $76,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Marcus by 38.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock valued at $145,000 after buying an additional 2,424 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Marcus in the second quarter valued at approximately $180,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Marcus in the second quarter valued at approximately $199,000. 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.

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