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Marcus (NYSE:MCS) Earns Outperform Rating from Analysts at Wedbush

Marcus logo with Consumer Discretionary background

Wedbush started coverage on shares of Marcus (NYSE:MCS - Free Report) in a research report report published on Friday morning, Marketbeat.com reports. The firm issued an outperform rating and a $24.00 price target on the stock.

MCS has been the subject of several other reports. Barrington Research reissued an "outperform" rating and issued a $25.00 price objective on shares of Marcus in a research note 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 began coverage on Marcus in a research note on Friday, May 16th. They set a "buy" rating and a $24.00 price target for the company. Finally, Benchmark reaffirmed a "buy" rating and set 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $24.50.

Get Our Latest Stock Report on MCS

Marcus Trading Up 0.1%

Shares of MCS traded up $0.02 during midday trading on Friday, hitting $17.76. The stock had a trading volume of 123,314 shares, compared to its average volume of 254,613. Marcus has a fifty-two week low of $11.58 and a fifty-two week high of $23.16. The business has a 50-day simple moving average of $17.31 and a two-hundred day simple moving average of $17.97. The firm has a market cap of $555.89 million, a P/E ratio of -42.28, a price-to-earnings-growth ratio of 2.93 and a beta of 1.24. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.45.

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). The business had revenue of $148.77 million during the quarter, compared to analysts' expectations of $145.50 million. Marcus had a positive return on equity of 1.51% and a negative net margin of 1.71%. As a group, equities analysts forecast that Marcus will post 0.36 EPS for the current year.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Tuesday, May 27th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend was Tuesday, May 27th. Marcus's payout ratio is -66.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MCS. Arrowstreet Capital Limited Partnership grew its holdings in Marcus by 69.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company's stock valued at $12,881,000 after buying an additional 246,375 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Marcus by 303.7% during the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company's stock worth $5,527,000 after purchasing an additional 193,400 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Marcus by 23.4% during the 4th quarter. American Century Companies Inc. now owns 736,619 shares of the company's stock worth $15,837,000 after purchasing an additional 139,577 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Marcus by 1,102.0% during the 4th quarter. Prudential Financial Inc. now owns 142,220 shares of the company's stock worth $3,058,000 after purchasing an additional 130,388 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Marcus during the 1st quarter worth approximately $1,759,000. 81.57% of the stock is owned by institutional investors.

About Marcus

(Get Free Report)

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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