Marcus (NYSE:MCS) Reaches New 1-Year High - What's Next?

Key Points

• Marcus (NYSE:MCS) hit a new 52-week high, trading as high as $19.08 (last $18.95) on Wednesday with about 21,416 shares changing hands.
• Analysts have an average rating of "Moderate Buy" (1 Strong Buy, 3 Buy, 2 Hold) and an average price target of $23.50.
• Recent fundamentals show an EPS miss for the quarter (‑$0.06 vs $0.07 est) but a revenue beat ($193.5M vs $185.19M); the stock trades at a PE of 47.3, market cap ≈ $581M, and pays a $0.08 quarterly dividend (1.7% yield, 80% payout ratio).

Marcus Corporation (The) (NYSE:MCS - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.08 and last traded at $18.9510, with a volume of 21416 shares. The stock had previously closed at $18.44.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MCS. Zacks Research raised Marcus from a "strong sell" rating to a "hold" rating in a report on Monday, March 23rd. Barrington Research reaffirmed an "outperform" rating and set a $24.00 price target on shares of Marcus in a report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Marcus in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $23.50.

Marcus Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $581.49 million, a PE ratio of 47.34, a P/E/G ratio of 2.41 and a beta of 0.55. The company has a fifty day moving average price of $16.35 and a two-hundred day moving average price of $15.52.

Marcus (NYSE:MCS - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13). Marcus had a net margin of 1.67% and a return on equity of 0.46%. The firm had revenue of $193.50 million during the quarter, compared to analysts' expectations of $185.19 million. Sell-side analysts forecast that Marcus Corporation will post 0.36 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 25th. Marcus's payout ratio is presently 80.00%.

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 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 sale, the vice president directly owned 199,700 shares of the company's stock, valued at approximately $3,458,804. The trade was a 11.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.00% of the company's stock.

Institutional Trading of Marcus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its stake in Marcus by 49.2% during the 4th quarter. Hsbc Holdings PLC now owns 60,497 shares of the company's stock valued at $935,000 after acquiring an additional 19,947 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Marcus during the 4th quarter valued at approximately $227,000. Balyasny Asset Management L.P. purchased a new stake in Marcus during the 4th quarter valued at approximately $170,000. PDT Partners LLC purchased a new stake in Marcus during the 4th quarter valued at approximately $314,000. Finally, AQR Capital Management LLC raised its stake in Marcus by 8.7% during the 4th quarter. AQR Capital Management LLC now owns 136,589 shares of the company's stock valued at $2,118,000 after acquiring an additional 10,943 shares during the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.

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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