Marcus (NYSE:MCS) was upgraded by analysts at ValuEngine from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.
Other analysts have also issued reports about the company. B. Riley raised Marcus from a "neutral" rating to a "buy" rating and raised their price objective for the company from $15.00 to $27.00 in a research note on Monday, July 6th. Barrington Research restated a "buy" rating and issued a $20.00 price target on shares of Marcus in a research note on Thursday, August 13th. Zacks Investment Research raised shares of Marcus from a "sell" rating to a "hold" rating in a report on Wednesday, September 16th. TheStreet downgraded shares of Marcus from a "c" rating to a "d" rating in a research note on Tuesday, August 4th. Finally, Benchmark raised their target price on shares of Marcus from $15.00 to $21.00 and gave the company a "buy" rating in a research report on Monday, June 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of "Buy" and an average price target of $21.00.
Shares of Marcus stock traded down $0.71 on Wednesday, reaching $8.29. 1,861,013 shares of the stock were exchanged, compared to its average volume of 387,603. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $257.49 million, a PE ratio of -10.11 and a beta of 1.28. The firm's 50 day moving average is $13.71 and its 200-day moving average is $13.84. Marcus has a one year low of $6.95 and a one year high of $37.64.
Marcus (NYSE:MCS) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($1.40) EPS for the quarter, beating the consensus estimate of ($1.62) by $0.22. The business had revenue of $7.93 million during the quarter, compared to the consensus estimate of $4.47 million. Marcus had a negative net margin of 4.15% and a negative return on equity of 4.23%. On average, equities research analysts expect that Marcus will post -2.98 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Aigen Investment Management LP increased its stake in shares of Marcus by 53.0% in the first quarter. Aigen Investment Management LP now owns 3,446 shares of the company's stock valued at $42,000 after buying an additional 1,194 shares during the period. Tower Research Capital LLC TRC acquired a new position in Marcus in the 1st quarter valued at approximately $56,000. State of Tennessee Treasury Department raised its stake in shares of Marcus by 21.9% during the first quarter. State of Tennessee Treasury Department now owns 7,655 shares of the company's stock valued at $94,000 after acquiring an additional 1,375 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Marcus by 48.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,566 shares of the company's stock valued at $142,000 after acquiring an additional 3,773 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Marcus during the first quarter worth $144,000. 61.28% of the stock is currently owned by hedge funds and other institutional investors.
Marcus Company Profile
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.
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