Marcus (NYSE:MCS) Coverage Initiated at Wedbush

Wedbush began coverage on shares of Marcus (NYSE:MCS - Free Report) in a research report sent to investors on Friday, Marketbeat reports. The firm issued an outperform rating and a $24.00 price objective on the stock.

Several other research analysts have also issued reports on the company. Barrington Research reissued an "outperform" rating and issued a $25.00 target price on shares of Marcus in a research report on Friday, May 23rd. Wall Street Zen downgraded Marcus from a "buy" rating to a "hold" rating in a research note on Thursday, May 15th. B. Riley initiated coverage on Marcus in a research note on Friday, May 16th. They issued a "buy" rating and a $24.00 price target on the stock. Finally, Benchmark restated a "buy" rating and issued a $25.00 price target on shares of Marcus in a research note on Friday, April 11th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $24.50.

Marcus Price Performance

Shares of MCS traded up $0.57 during midday trading on Friday, reaching $17.81. The stock had a trading volume of 428,865 shares, compared to its average volume of 255,749. The company's 50-day moving average is $17.31 and its 200 day moving average is $17.99. Marcus has a 12-month low of $11.44 and a 12-month high of $23.16. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $557.45 million, a price-to-earnings ratio of -42.40, a price-to-earnings-growth ratio of 3.09 and a beta of 1.24.

Marcus (NYSE:MCS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.54) earnings per share for the quarter, missing analysts' consensus estimates of ($0.52) by ($0.02). Marcus had a negative net margin of 1.71% and a positive return on equity of 1.51%. The company had revenue of $148.77 million during the quarter, compared to the consensus estimate of $145.50 million. On average, equities analysts predict that Marcus will post 0.36 EPS for the current fiscal year.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Tuesday, May 27th were issued a $0.07 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.57%. Marcus's dividend payout ratio is presently -66.67%.

Institutional Trading of Marcus

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its holdings in shares of Marcus by 2,908.9% in the 4th quarter. Lazard Asset Management LLC now owns 2,377 shares of the company's stock valued at $51,000 after buying an additional 2,298 shares during the period. Quarry LP purchased a new position in shares of Marcus in the 4th quarter valued at about $70,000. National Bank of Canada FI increased its stake in shares of Marcus by 407,500.0% in the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company's stock valued at $88,000 after purchasing an additional 4,075 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Marcus during the 1st quarter worth approximately $76,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Marcus in the fourth quarter valued at approximately $114,000. 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.