Marcus Corp. (NYSE:MCS) – Stock analysts at B. Riley lifted their FY2017 EPS estimates for shares of Marcus Corp. in a report issued on Thursday. B. Riley analyst E. Wold now expects that the brokerage will post earnings of $1.30 per share for the year, up from their prior estimate of $1.25. B. Riley currently has a “Buy” rating and a $30.00 target price on the stock. B. Riley also issued estimates for Marcus Corp.’s FY2018 earnings at $1.45 EPS.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, September 14th. Benchmark Co. raised their price target on Marcus Corp. from $25.24 to $26.11 and gave the stock a “buy” rating in a research report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Marcus Corp. presently has a consensus rating of “Buy” and a consensus price target of $29.30.
Marcus Corp. (NYSE:MCS) remained flat at $25.24 during trading on Friday. The stock had a trading volume of 19,271 shares. The firm’s 50 day moving average is $23.95 and its 200 day moving average is $21.27. The company has a market capitalization of $695.59 million, a P/E ratio of 16.41 and a beta of 0.66. Marcus Corp. has a 52-week low of $17.44 and a 52-week high of $25.49.
Marcus Corp. (NYSE:MCS) last posted its earnings results on Thursday, July 28th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.05. Marcus Corp. had a return on equity of 9.45% and a net margin of 6.55%. The firm had revenue of $134 million for the quarter, compared to analyst estimates of $129.43 million. During the same quarter in the prior year, the company earned $0.32 EPS. Marcus Corp.’s revenue was down 2.0% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were given a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Tuesday, August 23rd. Marcus Corp.’s dividend payout ratio is currently 36.00%.
In other news, Director Philip L. Milstein sold 4,000 shares of Marcus Corp. stock in a transaction on Monday, September 26th. The stock was sold at an average price of $24.29, for a total value of $97,160.00. Following the completion of the sale, the director now owns 80,213 shares of the company’s stock, valued at $1,948,373.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas F. Kissinger sold 1,500 shares of Marcus Corp. stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $23.05, for a total value of $34,575.00. Following the completion of the sale, the vice president now directly owns 47,254 shares of the company’s stock, valued at approximately $1,089,204.70. The disclosure for this sale can be found here. 33.75% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of Marcus Corp. by 0.4% in the second quarter. California State Teachers Retirement System now owns 39,016 shares of the company’s stock worth $823,000 after buying an additional 162 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Marcus Corp. by 0.7% in the first quarter. Royal Bank of Canada now owns 52,265 shares of the company’s stock worth $990,000 after buying an additional 377 shares in the last quarter. Savant Capital LLC increased its stake in shares of Marcus Corp. by 1.4% in the second quarter. Savant Capital LLC now owns 35,900 shares of the company’s stock worth $757,000 after buying an additional 479 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Marcus Corp. by 3.3% in the second quarter. Alliancebernstein L.P. now owns 18,900 shares of the company’s stock worth $399,000 after buying an additional 600 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in shares of Marcus Corp. by 3.0% in the second quarter. Teachers Advisors Inc. now owns 32,384 shares of the company’s stock worth $683,000 after buying an additional 943 shares in the last quarter. 55.93% of the stock is owned by institutional investors and hedge funds.
Marcus Corp. Company Profile