Marcus Corp. (NYSE:MCS) – Stock analysts at B. Riley raised their FY2017 earnings per share (EPS) estimates for shares of Marcus Corp. in a note issued to investors on Thursday. B. Riley analyst E. Wold now forecasts that the firm will post earnings per share of $1.30 for the year, up from their prior forecast of $1.25. B. Riley has a “Buy” rating and a $30.00 price objective on the stock. B. Riley also issued estimates for Marcus Corp.’s FY2018 earnings at $1.45 EPS.
Several other brokerages have also issued reports on MCS. Zacks Investment Research upgraded shares of Marcus Corp. from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Wednesday, June 29th. Benchmark Co. boosted their target price on shares of Marcus Corp. from $25.24 to $26.11 and gave the company a “buy” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $29.30.
Marcus Corp. (NYSE:MCS) opened at 25.15 on Friday. Marcus Corp. has a one year low of $17.44 and a one year high of $25.49. The stock has a 50 day moving average of $24.00 and a 200-day moving average of $21.31. The company has a market cap of $693.11 million, a price-to-earnings ratio of 16.35 and a beta of 0.66.
Marcus Corp. (NYSE:MCS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.05. The firm had revenue of $134 million for the quarter, compared to analyst estimates of $129.43 million. Marcus Corp. had a net margin of 6.55% and a return on equity of 9.45%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS.
A number of institutional investors have recently modified their holdings of MCS. BlackRock Fund Advisors increased its position in shares of Marcus Corp. by 3.1% in the second quarter. BlackRock Fund Advisors now owns 1,236,740 shares of the company’s stock valued at $26,095,000 after buying an additional 37,506 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Marcus Corp. by 12.6% in the second quarter. Vanguard Group Inc. now owns 898,738 shares of the company’s stock valued at $18,965,000 after buying an additional 100,457 shares in the last quarter. LSV Asset Management increased its position in shares of Marcus Corp. by 22.2% in the second quarter. LSV Asset Management now owns 525,640 shares of the company’s stock valued at $11,091,000 after buying an additional 95,353 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Marcus Corp. by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 378,989 shares of the company’s stock valued at $7,997,000 after buying an additional 31,347 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Marcus Corp. by 5.9% in the second quarter. Panagora Asset Management Inc. now owns 150,217 shares of the company’s stock valued at $3,170,000 after buying an additional 8,335 shares in the last quarter. 55.93% of the stock is currently owned by institutional investors and hedge funds.
In other Marcus Corp. news, VP Thomas F. Kissinger sold 1,500 shares of Marcus Corp. stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total transaction of $34,575.00. Following the transaction, the vice president now owns 47,254 shares of the company’s stock, valued at $1,089,204.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas A. Neis sold 2,500 shares of Marcus Corp. stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $22.97, for a total transaction of $57,425.00. Following the transaction, the chief financial officer now directly owns 51,002 shares in the company, valued at approximately $1,171,515.94. The disclosure for this sale can be found here. Company insiders own 33.75% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, August 25th were issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.79%. The ex-dividend date was Tuesday, August 23rd. Marcus Corp.’s dividend payout ratio is currently 36.00%.
Marcus Corp. Company Profile