Marcus (NYSE:MCS) Shares Up 8.2% - What's Next?

The Marcus Co. (NYSE:MCS - Get Free Report)'s share price shot up 8.2% during mid-day trading on Tuesday . The stock traded as high as $18.49 and last traded at $18.38. 112,702 shares changed hands during trading, a decline of 71% from the average session volume of 383,311 shares. The stock had previously closed at $16.99.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MCS. B. Riley began coverage on Marcus in a research report on Friday, May 16th. They set a "buy" rating and a $24.00 target price for the company. Wall Street Zen lowered Marcus from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Marcus in a research report on Friday, May 23rd. Finally, Benchmark restated a "buy" rating and set a $25.00 target price on shares of Marcus in a research report on Friday, April 11th.

Marcus Price Performance

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm has a market cap of $578.07 million, a P/E ratio of -54.32, a PEG ratio of 3.12 and a beta of 1.22. The company has a fifty day moving average price of $16.67 and a two-hundred day moving average price of $19.12.

Marcus (NYSE:MCS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $148.77 million for the quarter, compared to the consensus estimate of $145.50 million. Equities analysts anticipate that The Marcus Co. will post 0.36 earnings per share for the current year.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, May 27th. Marcus's dividend payout ratio (DPR) is presently -66.67%.

Hedge Funds Weigh In On Marcus

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Marcus by 0.8% during the 4th quarter. Invesco Ltd. now owns 64,448 shares of the company's stock valued at $1,386,000 after purchasing an additional 511 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Marcus by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company's stock worth $231,000 after acquiring an additional 624 shares during the last quarter. Sterling Capital Management LLC boosted its position in Marcus by 8.5% during the 4th quarter. Sterling Capital Management LLC now owns 8,876 shares of the company's stock worth $191,000 after acquiring an additional 693 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Marcus by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 95,932 shares of the company's stock worth $1,601,000 after acquiring an additional 778 shares during the last quarter. Finally, Swiss National Bank boosted its position in Marcus by 2.2% during the 4th quarter. Swiss National Bank now owns 47,100 shares of the company's stock worth $1,013,000 after acquiring an additional 1,000 shares during the last quarter. 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.