Marcus (NYSE:MCS) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Marcus (NYSE:MCSGet Rating) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

A number of other research firms also recently weighed in on MCS. B. Riley cut their price target on shares of Marcus from $29.00 to $26.00 and set a buy rating on the stock in a report on Tuesday, June 21st. Benchmark cut their price target on shares of Marcus from $28.00 to $25.00 in a report on Wednesday, July 13th. Finally, Barrington Research restated a buy rating and set a $24.00 price target on shares of Marcus in a report on Friday, May 6th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Marcus presently has a consensus rating of Moderate Buy and an average target price of $25.00.

Marcus Trading Up 1.2 %

Shares of NYSE:MCS opened at $17.83 on Friday. The firm has a fifty day moving average of $15.42 and a two-hundred day moving average of $16.26. Marcus has a 12-month low of $13.41 and a 12-month high of $22.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.52 and a quick ratio of 0.35.

Marcus (NYSE:MCSGet Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.12). The company had revenue of $132.24 million for the quarter, compared to analyst estimates of $119.75 million. Marcus had a net margin of 0.35% and a negative return on equity of 1.02%. During the same period last year, the business earned ($0.96) EPS. Equities analysts predict that Marcus will post -0.25 earnings per share for the current year.

Marcus Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of Marcus by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,255,729 shares of the company’s stock valued at $22,427,000 after acquiring an additional 7,646 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Marcus by 294.6% during the 4th quarter. BNP Paribas Arbitrage SA now owns 93,046 shares of the company’s stock valued at $1,662,000 after acquiring an additional 69,465 shares in the last quarter. Invenire Partners LP acquired a new stake in shares of Marcus during the 4th quarter valued at about $3,074,000. Gabelli Funds LLC boosted its position in shares of Marcus by 0.9% during the 4th quarter. Gabelli Funds LLC now owns 236,700 shares of the company’s stock valued at $4,227,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Marcus by 1.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 921,215 shares of the company’s stock valued at $16,453,000 after acquiring an additional 9,550 shares in the last quarter. Institutional investors own 79.52% of the company’s stock.

About Marcus

(Get Rating)

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.

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