Marcus (NYSE:MCS) Given New $25.00 Price Target at Benchmark

Marcus (NYSE:MCS - Free Report) had its price target lifted by Benchmark from $22.00 to $25.00 in a report published on Monday,Benzinga reports. Benchmark currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Barrington Research reaffirmed an "outperform" rating and set a $24.00 price objective on shares of Marcus in a research note on Wednesday, November 13th. StockNews.com upgraded shares of Marcus from a "hold" rating to a "buy" rating in a research report on Friday, November 15th.

Marcus Stock Performance

Shares of MCS traded up $0.14 during mid-day trading on Monday, reaching $22.11. The company had a trading volume of 331,436 shares, compared to its average volume of 525,845. The stock has a market capitalization of $695.91 million, a P/E ratio of -65.01, a PEG ratio of 4.98 and a beta of 1.48. Marcus has a 52-week low of $9.56 and a 52-week high of $22.73. The stock has a 50 day moving average of $17.85 and a two-hundred day moving average of $14.11. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Monday, November 25th. Marcus's payout ratio is -82.35%.

Insider Activity

In other news, VP Thomas F. Kissinger sold 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the transaction, the vice president now owns 186,585 shares in the company, valued at $4,162,711.35. This trade represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Marcus by 1.2% in the first quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company's stock valued at $26,428,000 after buying an additional 21,646 shares during the last quarter. Millennium Management LLC raised its holdings in Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company's stock valued at $7,375,000 after acquiring an additional 294,593 shares during the last quarter. Geode Capital Management LLC lifted its stake in Marcus by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company's stock worth $8,467,000 after purchasing an additional 7,320 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Marcus by 10.4% during the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company's stock worth $5,654,000 after purchasing an additional 46,891 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company's stock valued at $5,036,000 after purchasing an additional 183,909 shares in the last quarter. 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.