Marcus - MCS Stock Forecast, Price & News

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center. The Hotels and Resorts segment owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. The company also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. As of December 30, 2021, it owned or operated 1,064 screens at 85 movie theatre locations in 17 states under the Marcus Theatres, Movie Tavern by Marcus, and BistroPlex brands; and operated 8 wholly-owned or majority-owned hotels and resorts, as well as managed 11 hotels, resorts, and other properties for third parties. The company was founded in 1935 and is headquartered in Milwaukee, Wisconsin.

Marcus Stock Up 0.7 %

Marcus stock traded up $0.13 during mid-day trading on Tuesday, hitting $17.85. 1,435 shares of the company's stock traded hands, compared to its average volume of 196,101. The firm has a 50 day moving average price of $15.70 and a 200 day moving average price of $16.30. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.49. Marcus has a one year low of $13.41 and a one year high of $22.32.

Marcus Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, August 24th.

Analyst Ratings Changes

MCS has been the topic of several recent research reports. TheStreet upgraded Marcus from a "d+" rating to a "c-" rating in a report on Thursday, August 4th. Benchmark reduced their price objective on shares of Marcus from $28.00 to $25.00 in a research report on Wednesday, July 13th. B. Riley reduced their price objective on shares of Marcus from $29.00 to $26.00 and set a "buy" rating for the company in a research note on Tuesday, June 21st. Barrington Research reissued a "buy" rating and issued a $24.00 target price on shares of Marcus in a report on Friday, May 6th. Finally, StockNews.com raised Marcus from a "hold" rating to a "buy" rating in a research report on Friday, August 5th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Marcus currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.

Insider Activity

In other Marcus news, VP Thomas F. Kissinger sold 12,500 shares of Marcus stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $17.71, for a total transaction of $221,375.00. Following the transaction, the vice president now directly owns 95,848 shares in the company, valued at approximately $1,697,468.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 28.57% of the stock is owned by company insiders.