Marcus (NYSE:MCS) Stock Crosses Above 200-Day Moving Average of $15.52

The Marcus Co. (NYSE:MCSGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.52 and traded as high as $15.59. Marcus shares last traded at $15.48, with a volume of 248,920 shares trading hands.

Wall Street Analysts Forecast Growth

MCS has been the topic of a number of research reports. B. Riley reduced their price target on shares of Marcus from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, January 3rd. TheStreet downgraded shares of Marcus from a “c” rating to a “d+” rating in a report on Monday, November 7th. Benchmark reduced their price target on shares of Marcus from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, October 7th. Finally, StockNews.com cut shares of Marcus from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Marcus has an average rating of “Moderate Buy” and a consensus target price of $23.33.

Marcus Price Performance

The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.50. The firm has a market cap of $487.74 million, a P/E ratio of 387.00, a PEG ratio of 2.15 and a beta of 1.55. The firm has a 50-day simple moving average of $15.27 and a 200-day simple moving average of $15.52.

Marcus (NYSE:MCSGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Marcus had a negative return on equity of 0.35% and a net margin of 0.55%. The firm had revenue of $183.65 million during the quarter, compared to analysts’ expectations of $173.86 million. As a group, analysts forecast that The Marcus Co. will post -0.13 EPS for the current year.

Marcus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, November 25th were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 23rd. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. Marcus’s dividend payout ratio is presently 500.00%.

Insider Activity at Marcus

In other Marcus news, Director Bruce J. Olson sold 3,451 shares of the business’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $14.00, for a total transaction of $48,314.00. Following the completion of the sale, the director now directly owns 1,618 shares in the company, valued at approximately $22,652. The transaction was disclosed in a document filed with the SEC, which is available through this link. 28.57% of the stock is owned by company insiders.

Institutional Trading of Marcus

Hedge funds and other institutional investors have recently modified their holdings of the stock. Koshinski Asset Management Inc. acquired a new stake in shares of Marcus during the 3rd quarter worth about $953,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Marcus during the third quarter worth approximately $52,000. Mutual of America Capital Management LLC lifted its stake in Marcus by 31.0% during the third quarter. Mutual of America Capital Management LLC now owns 4,852 shares of the company’s stock worth $67,000 after purchasing an additional 1,149 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its stake in Marcus by 24.7% during the first quarter. Morgan Dempsey Capital Management LLC now owns 4,858 shares of the company’s stock worth $86,000 after purchasing an additional 962 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Marcus during the third quarter worth approximately $94,000. 77.68% of the stock is owned by institutional investors and hedge funds.

Marcus Company Profile

(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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