Weiss Ratings Reaffirms "Hold (C)" Rating for Marcus (NYSE:MCS)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Marcus (NYSE:MCS), indicating a cautious stance on the stock.
• Benchmark has lowered its price target for Marcus from $25.00 to $22.00, while Barrington Research maintains an outperform rating with a $25.00 target.
• Marcus stock experienced a 2.4% increase during trading, reaching $13.38, with analysts predicting 0.36 EPS for the current fiscal year.

Marcus (NYSE:MCS - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Tuesday,Weiss Ratings reports.

MCS has been the subject of a number of other reports. Benchmark reduced their price target on shares of Marcus from $25.00 to $22.00 and set a "buy" rating for the company in a research note on Monday, October 6th. Barrington Research restated an "outperform" rating and set a $25.00 target price on shares of Marcus in a research report on Tuesday, September 23rd. Zacks Research upgraded shares of Marcus from a "strong sell" rating to a "hold" rating in a research report on Thursday, September 18th. Finally, Wedbush assumed coverage on shares of Marcus in a research report on Friday, July 18th. They set an "outperform" rating and a $24.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.75.

Marcus Stock Up 2.4%

Marcus stock traded up $0.31 during trading hours on Tuesday, hitting $13.38. The stock had a trading volume of 84,263 shares, compared to its average volume of 208,281. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $418.93 million, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.48 and a beta of 1.02. Marcus has a 12-month low of $12.95 and a 12-month high of $23.16. The stock's 50-day moving average price is $15.25 and its 200-day moving average price is $16.32.

Marcus (NYSE:MCS - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.04. Marcus had a net margin of 1.91% and a return on equity of 4.28%. The business had revenue of $206.04 million during the quarter, compared to analysts' expectations of $192.79 million. Equities research analysts anticipate that Marcus will post 0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Marcus

Several hedge funds have recently modified their holdings of the stock. Bailard Inc. purchased a new stake in Marcus during the first quarter valued at $249,000. Allianz Asset Management GmbH purchased a new stake in Marcus during the first quarter valued at $745,000. Y Intercept Hong Kong Ltd raised its stake in Marcus by 94.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 24,814 shares of the company's stock valued at $414,000 after purchasing an additional 12,051 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Marcus by 38.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,700 shares of the company's stock valued at $145,000 after purchasing an additional 2,424 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Marcus during the first quarter valued at $548,000. Hedge funds and other institutional investors own 81.57% of the company's stock.

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.

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