The Marcus Co. (NYSE:MCS - Free Report) - Stock analysts at Barrington Research upped their FY2024 earnings per share (EPS) estimates for Marcus in a research note issued on Monday, November 4th. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.35 for the year, up from their prior forecast of $0.13. Barrington Research currently has a "Outperform" rating and a $20.00 price target on the stock. The consensus estimate for Marcus' current full-year earnings is $0.19 per share. Barrington Research also issued estimates for Marcus' Q4 2024 earnings at $0.10 EPS, Q1 2025 earnings at ($0.42) EPS, Q3 2025 earnings at $0.66 EPS, Q4 2025 earnings at $0.11 EPS, Q1 2026 earnings at ($0.36) EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.66 EPS and FY2026 earnings at $0.62 EPS.
A number of other brokerages also recently commented on MCS. Benchmark raised their price objective on shares of Marcus from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Marcus from a "hold" rating to a "buy" rating in a research report on Tuesday.
View Our Latest Research Report on MCS
Marcus Stock Performance
NYSE:MCS traded down $0.39 during mid-day trading on Thursday, reaching $22.00. The stock had a trading volume of 355,015 shares, compared to its average volume of 540,651. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.54. The firm has a market capitalization of $707.30 million, a price-to-earnings ratio of -65.85, a PEG ratio of 7.60 and a beta of 1.48. Marcus has a twelve month low of $9.56 and a twelve month high of $22.62. The business has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $13.25.
Institutional Trading of Marcus
Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Marcus by 53.0% during the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company's stock valued at $58,000 after buying an additional 1,336 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Marcus by 5.8% in the first quarter. Avantax Advisory Services Inc. now owns 35,462 shares of the company's stock worth $506,000 after acquiring an additional 1,947 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Marcus in the third quarter worth about $32,000. Innealta Capital LLC acquired a new position in shares of Marcus in the second quarter worth about $30,000. Finally, CWM LLC lifted its stake in shares of Marcus by 3,319.0% in the second quarter. CWM LLC now owns 2,872 shares of the company's stock worth $33,000 after acquiring an additional 2,788 shares in the last quarter. 81.57% of the stock is owned by hedge funds and other institutional investors.
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 shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the transaction, the vice president now directly owns 186,585 shares of the company's stock, valued at $4,162,711.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.00% of the company's stock.
Marcus Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. Marcus's payout ratio is -82.35%.
About Marcus
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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.
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