Michael Reade Evans Sells 7,671 Shares of Marcus (NYSE:MCS) Stock

Key Points

• Michael Reade Evans sold 7,671 shares of Marcus on April 15 at an average price of $19.04 (≈$146,055.84), reducing his stake by 14.35% to 45,801 shares, according to an SEC filing.
• Marcus reported quarterly EPS of -$0.06 versus a $0.07 estimate while revenue of $193.5M beat expectations; the stock trades near its 52‑week high (~$19.81) with a market cap of ~$608M, a PE of ~49.5, a $0.08 quarterly dividend (1.6% yield), and a consensus analyst target of $23.50 (Moderate Buy).

Marcus Corporation (The) (NYSE:MCS - Get Free Report) insider Michael Reade Evans sold 7,671 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the completion of the transaction, the insider directly owned 45,801 shares of the company's stock, valued at approximately $872,051.04. This represents a 14.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Michael Reade Evans also recently made the following trade(s):

• On Friday, March 20th, Michael Reade Evans sold 37 shares of Marcus stock. The stock was sold at an average price of $15.94, for a total transaction of $589.78.

Marcus Price Performance

Shares of NYSE MCS traded up $1.11 during trading on Friday, reaching $19.81. The company had a trading volume of 184,219 shares, compared to its average volume of 150,737. Marcus Corporation has a 52 week low of $12.85 and a 52 week high of $20.02. The business's 50 day moving average price is $16.90 and its 200-day moving average price is $15.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a market cap of $608.27 million, a PE ratio of 49.52, a PEG ratio of 2.57 and a beta of 0.55.

Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). Marcus had a return on equity of 0.46% and a net margin of 1.67%.The business had revenue of $193.50 million for the quarter, compared to analyst estimates of $185.19 million. Analysts expect that Marcus Corporation will post 0.36 earnings per share for the current year.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.08 per share. The ex-dividend date was Wednesday, February 25th. This represents a $0.32 annualized dividend and a dividend yield of 1.6%. Marcus's payout ratio is currently 80.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on MCS. B. Riley Financial reiterated a "buy" rating on shares of Marcus in a research report on Friday. Barrington Research reiterated an "outperform" rating and set a $24.00 price target on shares of Marcus in a research report on Monday, March 2nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Marcus in a research report on Monday, December 29th. Finally, Zacks Research upgraded shares of Marcus from a "strong sell" rating to a "hold" rating in a research report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Marcus presently has an average rating of "Moderate Buy" and a consensus price target of $23.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MCS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Marcus by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,849 shares of the company's stock valued at $231,000 after purchasing an additional 624 shares during the period. Millennium Management LLC grew its holdings in Marcus by 11.1% during the first quarter. Millennium Management LLC now owns 392,634 shares of the company's stock valued at $6,553,000 after purchasing an additional 39,118 shares during the period. Empowered Funds LLC grew its holdings in Marcus by 2.1% during the first quarter. Empowered Funds LLC now owns 172,745 shares of the company's stock valued at $2,883,000 after purchasing an additional 3,562 shares during the period. Creative Planning grew its holdings in Marcus by 50.6% during the second quarter. Creative Planning now owns 15,270 shares of the company's stock valued at $257,000 after purchasing an additional 5,129 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Marcus by 3.2% during the second quarter. Arrowstreet Capital Limited Partnership now owns 291,082 shares of the company's stock valued at $4,908,000 after purchasing an additional 8,898 shares during the period. Institutional investors and hedge funds own 81.57% of the company's stock.

About Marcus

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.

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