Marcus (NYSE:MCS) Stock Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Marcus shares broke above their 200-day moving average, reaching $27.65 and closing near $27.63, compared with a 200-day average of $21.84.
• Analysts maintain a generally positive outlook, with an average “Moderate Buy” rating and a consensus price target of $32.25. The outlook includes upgraded targets from Wedbush and Barrington Research, though B. Riley downgraded the stock to “neutral.”
• Marcus exceeded quarterly expectations, reporting EPS of $0.51 versus the $0.35 consensus and revenue of $231.74 million. The company also raised its quarterly dividend to $0.09 per share, implying a 1.3% yield.

Marcus Corporation (The) (NYSE:MCS - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $21.84 and traded as high as $27.65. Marcus shares last traded at $27.6250, with a volume of 203,614 shares changing hands.

Analyst Ratings Changes

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

Marcus Trading Up 1.8%

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44. The business's 50 day simple moving average is $27.06 and its 200 day simple moving average is $21.84. The stock has a market cap of $851.68 million, a P/E ratio of 38.91 and a beta of 0.52.

Marcus (NYSE:MCS - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.16. The business had revenue of $231.74 million during the quarter, compared to analysts' expectations of $217.72 million. Marcus had a return on equity of 2.67% and a net margin of 2.87%. On average, analysts expect that Marcus Corporation will post 0.81 earnings per share for the current fiscal 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 paid a dividend of $0.09 per share. This is an increase from Marcus's previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, August 25th. Marcus's dividend payout ratio is currently 50.70%.

Institutional Investors Weigh In On Marcus

Several large investors have recently made changes to their positions in MCS. WINTON GROUP Ltd acquired a new position in Marcus in the second quarter valued at about $290,000. California State Teachers Retirement System raised its stake in shares of Marcus by 492.7% in the second quarter. California State Teachers Retirement System now owns 7,320 shares of the company's stock valued at $172,000 after acquiring an additional 6,085 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Marcus by 183.1% in the 2nd quarter. Susquehanna International Group LLP now owns 47,094 shares of the company's stock worth $1,105,000 after acquiring an additional 30,457 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Marcus in the 2nd quarter worth approximately $6,481,000. Finally, Bank of America Corp DE grew its position in Marcus by 1.8% during the 1st quarter. Bank of America Corp DE now owns 89,332 shares of the company's stock worth $1,534,000 after acquiring an additional 1,556 shares during the last quarter. Institutional investors own 81.57% of the company's stock.

Marcus Company Profile

Marcus Corporation is a diversified hospitality and entertainment company headquartered in Milwaukee, Wisconsin. Founded in 1935, the company operates through two primary business segments: movie theatres and hotels and resorts.

Through Marcus Theatres, the company owns and operates cinemas under the Marcus Theatres and Movie Tavern brands, offering first-run films, premium viewing experiences, food and beverage service, and other entertainment amenities. Its theatres are located primarily in the Midwestern United States, with additional locations in other regions.

Through Marcus Hotels & Resorts, the company owns, manages, or develops hotels, resorts, and related hospitality properties.

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