Marcus (NYSE:MCS) Receives Outperform Rating from Barrington Research

Key Points

• Marcus Corporation received an "outperform" rating from Barrington Research, with a target price set at $25.00 indicating a potential upside of 59.85% from its current stock price.
• Several institutional investors have significantly increased their holdings in Marcus, with Squarepoint Ops LLC boosting its stake by 332.2% during the second quarter.
• The company's recent quarterly earnings report showed earnings per share of $0.23, surpassing analyst expectations, and revenue of $206.04 million, above forecasts of $192.79 million.

Marcus (NYSE:MCS - Get Free Report)'s stock had its "outperform" rating reissued by research analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock. Barrington Research's target price points to a potential upside of 59.85% from the company's current price.

MCS has been the topic of several other reports. Zacks Research upgraded shares of Marcus from a "strong sell" rating to a "hold" rating in a report on Thursday, September 18th. Wedbush started coverage on shares of Marcus in a report on Friday, July 18th. They issued an "outperform" rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $24.50.

Marcus Trading Up 1.1%

NYSE MCS traded up $0.17 during trading hours on Tuesday, hitting $15.64. The company's stock had a trading volume of 46,328 shares, compared to its average volume of 208,335. The stock has a fifty day moving average of $15.88 and a 200 day moving average of $16.52. Marcus has a twelve month low of $14.13 and a twelve month high of $23.16. The firm has a market capitalization of $489.69 million, a P/E ratio of 34.76, a PEG ratio of 2.87 and a beta of 1.22. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.40.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. Marcus had a net margin of 1.91% and a return on equity of 4.28%. The business had revenue of $206.04 million for the quarter, compared to analyst estimates of $192.79 million. Equities research analysts forecast that Marcus will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Marcus

Several hedge funds and other institutional investors have recently modified their holdings of MCS. Squarepoint Ops LLC boosted its holdings in shares of Marcus by 332.2% during the 2nd quarter. Squarepoint Ops LLC now owns 162,193 shares of the company's stock worth $2,735,000 after buying an additional 124,664 shares during the period. Orbis Allan Gray Ltd raised its position in shares of Marcus by 9.1% in the 2nd quarter. Orbis Allan Gray Ltd now owns 1,375,121 shares of the company's stock valued at $23,185,000 after buying an additional 114,556 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Marcus by 94.5% in the 2nd quarter. Acadian Asset Management LLC now owns 223,886 shares of the company's stock valued at $3,772,000 after buying an additional 108,771 shares in the last quarter. American Century Companies Inc. raised its position in shares of Marcus by 14.7% in the 1st quarter. American Century Companies Inc. now owns 844,953 shares of the company's stock valued at $14,102,000 after buying an additional 108,334 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Marcus in the 1st quarter valued at approximately $1,759,000. Institutional investors own 81.57% of the company's stock.

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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