Marcus Corp. (NYSE:MCS) – Analysts at B. Riley increased their Q3 2016 earnings estimates for shares of Marcus Corp. in a note issued to investors on Thursday. B. Riley analyst E. Wold now forecasts that the brokerage will post earnings of $0.39 per share for the quarter, up from their previous forecast of $0.34. B. Riley has a “Buy” rating and a $30.00 price target on the stock. B. Riley also issued estimates for Marcus Corp.’s FY2016 earnings at $1.16 EPS.
MCS has been the topic of several other research reports. Zacks Investment Research raised Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Wednesday, September 28th. Benchmark Co. lifted their price target on Marcus Corp. from $26.11 to $28.19 and gave the stock a “buy” rating in a research report on Monday, September 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Marcus Corp. currently has an average rating of “Buy” and a consensus target price of $29.30.
Marcus Corp. (NYSE:MCS) opened at 25.15 on Monday. The company has a 50-day moving average price of $24.00 and a 200 day moving average price of $21.31. Marcus Corp. has a 1-year low of $17.44 and a 1-year high of $25.49. The firm has a market capitalization of $693.11 million, a P/E ratio of 16.35 and a beta of 0.66.
Marcus Corp. (NYSE:MCS) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.34 EPS for the quarter, beating 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 earned $134 million during the quarter, compared to the consensus estimate of $129.43 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of the stock. Mairs & Power INC acquired a new stake in Marcus Corp. during the second quarter worth $2,986,000. Vanguard Group Inc. increased its stake in Marcus Corp. by 12.6% in the second quarter. Vanguard Group Inc. now owns 898,738 shares of the company’s stock worth $18,965,000 after buying an additional 100,457 shares during the period. LSV Asset Management increased its stake in Marcus Corp. by 22.2% in the second quarter. LSV Asset Management now owns 525,640 shares of the company’s stock worth $11,091,000 after buying an additional 95,353 shares during the period. Dalton Greiner Hartman Maher & Co. acquired a new stake in Marcus Corp. during the second quarter worth $1,394,000. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Marcus Corp. during the second quarter worth $897,000. Hedge funds and other institutional investors own 55.93% of the company’s stock.
In related news, Director Philip L. Milstein sold 4,000 shares of Marcus Corp. stock in a transaction that occurred 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 sale, the director now directly owns 80,213 shares in the company, valued at $1,948,373.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 value of $34,575.00. Following the completion of the sale, the vice president now owns 47,254 shares in the company, valued at $1,089,204.70. The disclosure for this sale can be found here. 33.75% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, August 25th were issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Tuesday, August 23rd. Marcus Corp.’s payout ratio is currently 36.00%.
About Marcus Corp.