B. Riley Boosts Marcus (NYSE:MCS) Price Target to $20.00

Marcus (NYSE:MCSFree Report) had its price target upped by B. Riley from $19.00 to $20.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for Marcus’ Q2 2024 earnings at $0.02 EPS, Q3 2024 earnings at $0.32 EPS, Q4 2024 earnings at ($0.04) EPS, FY2024 earnings at ($0.09) EPS, Q1 2025 earnings at ($0.34) EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.44 EPS, Q4 2025 earnings at $0.13 EPS and FY2025 earnings at $0.46 EPS.

Separately, Barrington Research reissued an outperform rating and issued a $20.00 price target on shares of Marcus in a research note on Monday, May 6th.

Read Our Latest Analysis on MCS

Marcus Stock Up 1.3 %

NYSE MCS opened at $10.69 on Monday. The firm has a market cap of $343.52 million, a PE ratio of 44.52, a price-to-earnings-growth ratio of 4.05 and a beta of 1.51. Marcus has a one year low of $9.56 and a one year high of $16.75. The stock’s 50 day simple moving average is $10.97 and its 200 day simple moving average is $12.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.43 and a quick ratio of 0.43.

Marcus (NYSE:MCSGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.38) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.38). Marcus had a return on equity of 2.66% and a net margin of 1.73%. The firm had revenue of $138.55 million for the quarter, compared to the consensus estimate of $141.88 million. As a group, sell-side analysts forecast that Marcus will post 0.17 earnings per share for the current fiscal year.

Marcus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Monday, June 17th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date was Monday, June 17th. Marcus’s dividend payout ratio (DPR) is presently 116.67%.

Hedge Funds Weigh In On Marcus

A number of large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. bought a new position in shares of Marcus in the 4th quarter valued at about $15,410,000. Gate City Capital Management LLC bought a new position in Marcus in the fourth quarter valued at approximately $11,669,000. Acadian Asset Management LLC increased its stake in Marcus by 133.8% in the first quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after acquiring an additional 250,019 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of Marcus during the first quarter worth $3,256,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Marcus during the fourth quarter worth $1,733,000. Institutional investors own 81.57% of the company’s stock.

Marcus Company Profile

(Get Free Report)

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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