Marcus (NYSE:MCS) Receives Outperform Rating from Barrington Research

Barrington Research reissued their outperform rating on shares of Marcus (NYSE:MCS – Get Rating) in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a $19.00 target price on the stock.

Several other equities analysts also recently commented on MCS. B. Riley dropped their price objective on shares of Marcus from $25.00 to $24.00 and set a buy rating for the company in a research note on Tuesday, January 3rd. Benchmark reissued a buy rating and set a $20.00 target price on shares of Marcus in a research note on Monday, March 6th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $21.00.

Marcus Stock Performance

Shares of NYSE:MCS opened at $15.00 on Tuesday. The company’s 50 day moving average price is $15.40 and its two-hundred day moving average price is $15.27. Marcus has a 12-month low of $13.41 and a 12-month high of $18.23. The firm has a market cap of $472.95 million, a PE ratio of -34.09, a PEG ratio of 2.17 and a beta of 1.58. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 0.40.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 13th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, March 10th. Marcus’s payout ratio is -45.45%.

Insiders Place Their Bets

In other Marcus news, Director Bruce J. Olson sold 3,451 shares of the firm’s stock in a transaction on Wednesday, December 28th. The shares were sold at an average price of $14.00, for a total value of $48,314.00. Following the completion of the sale, the director now directly owns 1,618 shares in the company, valued at $22,652. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 28.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MCS. Swiss National Bank grew its holdings in shares of Marcus by 7.9% during the first quarter. Swiss National Bank now owns 51,700 shares of the company’s stock valued at $915,000 after buying an additional 3,800 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Marcus by 13.8% during the first quarter. JPMorgan Chase & Co. now owns 696,852 shares of the company’s stock worth $12,335,000 after purchasing an additional 84,713 shares during the last quarter. Citigroup Inc. boosted its holdings in Marcus by 40.3% during the first quarter. Citigroup Inc. now owns 24,652 shares of the company’s stock worth $436,000 after purchasing an additional 7,086 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Marcus by 55.9% during the first quarter. MetLife Investment Management LLC now owns 12,824 shares of the company’s stock worth $227,000 after purchasing an additional 4,596 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Marcus by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,846 shares of the company’s stock worth $334,000 after purchasing an additional 2,324 shares during the last quarter. 77.68% of the stock is currently owned by institutional investors and hedge funds.

About Marcus

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Marcus Corp. engages in the lodging and entertainment industries. It operates through the following business segments: Theatres and Hotels & Resorts. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts.