Benchmark Raises Marcus (NYSE:MCS) Price Target to $22.00

Marcus (NYSE:MCS - Free Report) had its price objective lifted by Benchmark from $20.00 to $22.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. B. Riley increased their target price on shares of Marcus from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, July 8th. Barrington Research reissued an "outperform" rating and set a $20.00 price objective on shares of Marcus in a research report on Thursday. Finally, StockNews.com upgraded Marcus from a "sell" rating to a "hold" rating in a research note on Tuesday, September 24th.

Marcus Trading Up 9.3 %

Shares of MCS stock traded up $1.75 during mid-day trading on Friday, hitting $20.62. The company's stock had a trading volume of 1,276,191 shares, compared to its average volume of 541,700. Marcus has a 52 week low of $9.56 and a 52 week high of $20.72. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.51 and a current ratio of 0.51. The company's fifty day simple moving average is $15.19 and its 200-day simple moving average is $12.98. The company has a market cap of $662.93 million, a PE ratio of -27.49 and a beta of 1.52.

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

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, August 26th. This represents a $0.28 annualized dividend and a yield of 1.36%. Marcus's payout ratio is -37.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MCS. Innealta Capital LLC bought a new position in Marcus in the 2nd quarter valued at about $30,000. nVerses Capital LLC purchased a new position in shares of Marcus during the third quarter valued at approximately $32,000. CWM LLC grew its holdings in Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company's stock worth $33,000 after buying an additional 2,788 shares in the last quarter. GAMMA Investing LLC raised its position in Marcus by 53.0% in 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 last quarter. Finally, Creative Planning bought a new position in Marcus during the 3rd quarter valued at $159,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.