Marcus’ (MCS) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Marcus (NYSE:MCS) in a research report released on Friday, Benzinga reports. Barrington Research currently has a $20.00 price target on the stock.

Several other brokerages also recently weighed in on MCS. StockNews.com lowered Marcus from a hold rating to a sell rating in a research note on Monday, July 29th. Benchmark reissued a buy rating and set a $18.00 price target on shares of Marcus in a research report on Monday, July 29th. Finally, B. Riley upped their price objective on shares of Marcus from $19.00 to $20.00 and gave the company a buy rating in a research note on Monday, July 8th.

Marcus Price Performance

Shares of NYSE MCS opened at $14.85 on Friday. The stock’s 50-day simple moving average is $13.37 and its two-hundred day simple moving average is $12.62. Marcus has a twelve month low of $9.56 and a twelve month high of $15.88. The firm has a market capitalization of $477.50 million, a P/E ratio of 61.88 and a beta of 1.52. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.20). The firm had revenue of $176.03 million for the quarter, compared to the consensus estimate of $170.74 million. Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. During the same period last year, the firm earned $0.35 EPS. As a group, equities analysts anticipate that Marcus will post -0.14 EPS for the current fiscal year.

Marcus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.89%. Marcus’s dividend payout ratio is presently 116.67%.

Hedge Funds Weigh In On Marcus

Several large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Marcus by 193.2% in the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock worth $28,000 after acquiring an additional 1,246 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Marcus during the second quarter valued at approximately $30,000. CWM LLC grew its stake in shares of Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after buying an additional 2,788 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in shares of Marcus in the first quarter worth approximately $169,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Marcus during the 1st quarter worth approximately $173,000. 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.