Marcus' (MCS) Buy Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Marcus (NYSE:MCS - Free Report) in a report issued on Thursday,Benzinga reports. They currently have a $25.00 target price on the stock.

Several other research analysts also recently weighed in on MCS. StockNews.com raised shares of Marcus from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Barrington Research reissued an "outperform" rating and set a $24.00 target price on shares of Marcus in a research note on Wednesday, November 13th.

Marcus Trading Up 2.1 %

Shares of NYSE MCS traded up $0.42 during mid-day trading on Thursday, hitting $20.54. 130,437 shares of the company traded hands, compared to its average volume of 176,437. 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 has a 1 year low of $9.56 and a 1 year high of $23.16. The stock has a market capitalization of $646.60 million, a price-to-earnings ratio of -60.41, a PEG ratio of 2.42 and a beta of 1.53. The business has a 50 day moving average of $21.18 and a two-hundred day moving average of $17.64.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Monday, November 25th. Marcus's dividend payout ratio (DPR) is -82.35%.

Insider Buying and Selling

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business'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 completion of the sale, the vice president now owns 186,585 shares of the company's stock, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new position in Marcus during the third quarter valued at approximately $432,000. Barclays PLC boosted its holdings in shares of Marcus by 135.3% during the 3rd quarter. Barclays PLC now owns 392,388 shares of the company's stock worth $5,913,000 after buying an additional 225,644 shares during the period. Range Financial Group LLC acquired a new position in Marcus in the 4th quarter valued at $882,000. CWM LLC raised its holdings in Marcus by 98.8% in the 3rd quarter. CWM LLC now owns 5,709 shares of the company's stock worth $86,000 after acquiring an additional 2,837 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Marcus by 142.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company's stock worth $1,252,000 after acquiring an additional 48,759 shares during the last quarter. Institutional investors and hedge funds 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.