Marcus (NYSE:MCS) Trading 11% Higher – Should You Buy?

The Marcus Co. (NYSE:MCS) shot up 11% during trading on Thursday . The stock traded as high as $19.25 and last traded at $19.06. Approximately 47,874 shares changed hands during trading, a decline of 91% from the average daily volume of 534,333 shares. The stock had previously closed at $17.17.

Analyst Ratings Changes

MCS has been the topic of several recent analyst reports. B. Riley boosted their price target on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 8th. StockNews.com raised shares of Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Barrington Research reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Marcus in a research note on Friday, September 20th. Finally, Benchmark increased their price objective on shares of Marcus from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd.

Marcus Price Performance

The business has a 50-day moving average price of $15.19 and a two-hundred day moving average price of $12.98. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $616.32 million, a price-to-earnings ratio of -25.72 and a beta of 1.52.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. The business had revenue of $176.03 million for the quarter, compared to analyst estimates of $170.74 million. During the same quarter in the previous year, the company posted $0.35 EPS. As a group, research analysts anticipate that The Marcus Co. will post -0.04 EPS for the current year.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, August 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.46%. Marcus’s payout ratio is -37.33%.

Institutional Investors Weigh In On Marcus

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CANADA LIFE ASSURANCE Co grew its stake in shares of Marcus by 35.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock worth $305,000 after acquiring an additional 5,640 shares in the last quarter. Acadian Asset Management LLC increased its stake in Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after buying an additional 250,019 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Marcus by 221.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock worth $216,000 after buying an additional 10,454 shares in the last quarter. Comerica Bank boosted its stake in shares of Marcus by 138.3% in the 1st quarter. Comerica Bank now owns 27,523 shares of the company’s stock worth $392,000 after buying an additional 15,972 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Marcus in the first quarter valued at approximately $173,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

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.