Marcus (NYSE:MCS) Raised to Strong-Buy at B. Riley

Marcus (NYSE:MCS - Get Free Report) was upgraded by B. Riley to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

A number of other research firms have also recently issued reports on MCS. Benchmark reissued a "buy" rating and issued a $25.00 price target on shares of Marcus in a research note on Friday, April 11th. Barrington Research reissued an "outperform" rating and issued a $25.00 price target on shares of Marcus in a research note on Tuesday, May 6th. Finally, StockNews.com cut shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday.

Marcus Price Performance

Shares of NYSE MCS opened at $17.10 on Thursday. The firm's 50 day simple moving average is $16.52 and its 200-day simple moving average is $19.37. Marcus has a 12 month low of $9.56 and a 12 month high of $23.16. The stock has a market capitalization of $543.00 million, a price-to-earnings ratio of -50.30, a PEG ratio of 3.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54.

Marcus (NYSE:MCS - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.02). Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. The company had revenue of $148.77 million during the quarter, compared to analyst estimates of $145.50 million. Analysts expect that Marcus will post 0.36 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Empowered Funds LLC raised its holdings in shares of Marcus by 2.1% during the 1st quarter. Empowered Funds LLC now owns 172,745 shares of the company's stock worth $2,883,000 after acquiring an additional 3,562 shares during the period. Caxton Associates LLP purchased a new position in shares of Marcus during the 1st quarter worth $530,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Marcus during the 1st quarter worth $299,000. Petrus Trust Company LTA purchased a new position in shares of Marcus during the 1st quarter worth $920,000. Finally, Millennium Management LLC raised its holdings in shares of Marcus by 11.1% during the 1st quarter. Millennium Management LLC now owns 392,634 shares of the company's stock worth $6,553,000 after acquiring an additional 39,118 shares during the period. Hedge funds and other institutional investors 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.

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