Peapod Lane Capital LLC Invests $3.26 Million in The Marcus Co. (NYSE:MCS)

Peapod Lane Capital LLC acquired a new position in The Marcus Co. (NYSE:MCS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 151,531 shares of the company's stock, valued at approximately $3,258,000. Marcus accounts for approximately 3.2% of Peapod Lane Capital LLC's investment portfolio, making the stock its 7th largest position. Peapod Lane Capital LLC owned 0.48% of Marcus as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in shares of Marcus in the third quarter valued at $432,000. Barclays PLC raised its stake in shares of Marcus by 135.3% in the 3rd quarter. Barclays PLC now owns 392,388 shares of the company's stock valued at $5,913,000 after buying an additional 225,644 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Marcus during the 4th quarter worth about $882,000. CWM LLC boosted its position in shares of Marcus by 98.8% during the 3rd quarter. CWM LLC now owns 5,709 shares of the company's stock valued at $86,000 after acquiring an additional 2,837 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Marcus by 142.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company's stock valued at $1,252,000 after acquiring an additional 48,759 shares during the period. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Price Performance

Shares of NYSE:MCS traded down $0.10 during trading on Monday, reaching $22.04. The stock had a trading volume of 140,472 shares, compared to its average volume of 163,523. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $693.82 million, a PE ratio of -64.82, a P/E/G ratio of 3.12 and a beta of 1.53. The business's 50-day moving average price is $20.97 and its 200 day moving average price is $18.30. The Marcus Co. has a 52 week low of $9.56 and a 52 week high of $23.16.

Marcus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 25th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.27%. Marcus's dividend payout ratio (DPR) is -82.35%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barrington Research reaffirmed an "outperform" rating and set a $24.00 price objective on shares of Marcus in a report on Wednesday, November 13th. StockNews.com raised Marcus from a "hold" rating to a "buy" rating in a research note on Friday, November 15th. Finally, Benchmark reiterated a "buy" rating and set a $25.00 price objective on shares of Marcus in a research note on Thursday, January 30th.

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.