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

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

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. B. Riley assumed coverage on shares of Marcus in a research note on Friday, May 16th. They issued a "buy" rating and a $24.00 price objective for the company. Wall Street Zen downgraded shares of Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. Barrington Research restated an "outperform" rating and issued a $25.00 price objective on shares of Marcus in a research report on Friday, May 23rd. Finally, Benchmark restated a "buy" rating and issued a $25.00 price objective on shares of Marcus in a research report on Friday, April 11th.

Marcus Price Performance

The company's 50 day moving average price is $16.67 and its 200-day moving average price is $19.14. The company has a market capitalization of $578.07 million, a PE ratio of -54.32, a PEG ratio of 3.12 and a beta of 1.22. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.54) earnings per share (EPS) 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 company had revenue of $148.77 million for the quarter, compared to analysts' expectations of $145.50 million. On average, sell-side analysts forecast that The Marcus Co. will post 0.36 earnings per share for the current fiscal year.

Marcus Announces Dividend

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

Hedge Funds Weigh In On Marcus

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Marcus during the 1st quarter valued at $487,000. Acadian Asset Management LLC lifted its holdings in shares of Marcus by 492.8% during the 1st quarter. Acadian Asset Management LLC now owns 115,115 shares of the company's stock valued at $1,916,000 after acquiring an additional 95,697 shares in the last quarter. Empowered Funds LLC lifted 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 valued at $2,883,000 after acquiring an additional 3,562 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Marcus during the 1st quarter valued at $530,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Marcus during the 1st quarter valued at $299,000. Institutional investors and hedge funds 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.