Marcus (NYSE:MCS) Reaches New 1-Year High - Should You Buy?

The Marcus Co. (NYSE:MCS - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $16.84 and last traded at $16.84, with a volume of 14287 shares. The stock had previously closed at $16.66.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MCS shares. Benchmark upped their target price on Marcus from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. StockNews.com raised Marcus from a "sell" rating to a "hold" rating in a research report on Tuesday, September 24th. B. Riley upped their target price on Marcus from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, July 8th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $20.00 price target on shares of Marcus in a research note on Friday, September 20th.

Marcus Stock Performance

The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The business's fifty day simple moving average is $15.01 and its 200-day simple moving average is $12.90. The firm has a market cap of $540.53 million, a P/E ratio of 70.29 and a beta of 1.52.

Marcus (NYSE:MCS - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. The firm had revenue of $176.03 million for the quarter, compared to analysts' expectations of $170.74 million. During the same period in the prior year, the business posted $0.35 EPS. As a group, sell-side analysts expect that The Marcus Co. will post -0.04 earnings per share for the current year.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Monday, August 26th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.28 annualized dividend and a dividend yield of 1.67%. Marcus's payout ratio is 116.67%.

Institutional Investors Weigh In On Marcus

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Marcus by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company's stock worth $26,428,000 after purchasing an additional 21,646 shares during the period. Millennium Management LLC raised its holdings in Marcus by 83.2% in the second quarter. Millennium Management LLC now owns 648,664 shares of the company's stock worth $7,375,000 after purchasing an additional 294,593 shares in the last quarter. American Century Companies Inc. lifted its position in Marcus by 10.4% during the second quarter. American Century Companies Inc. now owns 497,284 shares of the company's stock valued at $5,654,000 after acquiring an additional 46,891 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company's stock worth $5,036,000 after purchasing an additional 183,909 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Marcus by 133.8% during the first quarter. Acadian Asset Management LLC now owns 436,845 shares of the company's stock worth $6,227,000 after acquiring an additional 250,019 shares during the last quarter. Hedge funds and other institutional investors own 81.57% of the company's stock.

About Marcus

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.