Marcus (NYSE:MCS) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Marcus shares broke above their 200-day moving average, reaching $30.51 before closing at $29.54, compared with a 200-day average of $20.77.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $32.25. Recent targets range from $29 to $34.
• Marcus exceeded quarterly earnings and revenue expectations, reporting $0.51 in EPS and $231.74 million in revenue, while raising its quarterly dividend to $0.09 per share.

Marcus Corporation (The) (NYSE:MCS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.77 and traded as high as $30.51. Marcus shares last traded at $29.54, with a volume of 239,527 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. B. Riley Financial lowered Marcus from a "buy" rating to a "neutral" rating and upped their target price for the company from $27.00 to $29.00 in a research report on Friday, July 31st. Wedbush raised their price objective on Marcus from $23.00 to $34.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Zacks Research upgraded Marcus from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. Weiss Ratings upgraded Marcus from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. Finally, Barrington Research set a $33.00 target price on shares of Marcus in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Marcus presently has a consensus rating of "Moderate Buy" and an average target price of $32.25.

Marcus Stock Down 2.1%

The company has a market capitalization of $910.72 million, a PE ratio of 41.61 and a beta of 0.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The company's 50-day moving average is $25.96 and its 200 day moving average is $20.77.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.16. Marcus had a net margin of 2.87% and a return on equity of 2.67%. The company had revenue of $231.74 million during the quarter, compared to analyst estimates of $217.72 million. As a group, analysts anticipate that Marcus Corporation will post 0.81 EPS for the current year.

Marcus Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.09 per share. This is a boost from Marcus's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, August 25th. This represents a $0.36 annualized dividend and a dividend yield of 1.2%. Marcus's payout ratio is currently 50.70%.

Hedge Funds Weigh In On Marcus

Large investors have recently made changes to their positions in the company. Navalign LLC bought a new stake in shares of Marcus during the fourth quarter valued at approximately $33,000. Russell Investments Group Ltd. boosted its holdings in Marcus by 550.6% in the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company's stock valued at $35,000 after purchasing an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company's stock worth $42,000 after acquiring an additional 937 shares during the period. Meeder Asset Management Inc. raised its position in shares of Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company's stock worth $157,000 after acquiring an additional 4,076 shares during the period. Finally, HRT Financial LP acquired a new stake in Marcus in the 4th quarter valued at $168,000. 81.57% of the stock is 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. 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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