Marcus Corp. (NYSE:MCS)‘s stock had its “buy” rating reiterated by research analysts at B. Riley in a note issued to investors on Sunday. They presently have a $33.50 price target on the stock. B. Riley’s price target would suggest a potential upside of 7.72% from the company’s current price.
Several other equities analysts have also weighed in on MCS. Zacks Investment Research upgraded Marcus Corp. from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research note on Friday, October 7th. Benchmark Co. lifted their price target on Marcus Corp. from $26.11 to $28.19 and gave the company a “buy” rating in a research note on Monday, September 26th. Finally, Wedbush restated an “outperform” rating on shares of Marcus Corp. in a research note on Wednesday, November 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Marcus Corp. presently has an average rating of “Buy” and an average target price of $30.17.
Shares of Marcus Corp. (NYSE:MCS) opened at 31.10 on Friday. Marcus Corp. has a 52-week low of $17.44 and a 52-week high of $31.15. The company has a market capitalization of $859.32 million, a price-to-earnings ratio of 18.71 and a beta of 0.39. The company’s 50 day moving average price is $26.67 and its 200 day moving average price is $23.15.
Marcus Corp. (NYSE:MCS) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.09. Marcus Corp. had a return on equity of 9.20% and a net margin of 6.55%. The firm earned $144.70 million during the quarter, compared to analyst estimates of $526.63 million. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, analysts predict that Marcus Corp. will post $1.32 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.45 annualized dividend and a yield of 1.45%. Marcus Corp.’s dividend payout ratio (DPR) is currently 36.59%.
In other Marcus Corp. news, Director Philip L. Milstein sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The stock was sold at an average price of $24.29, for a total transaction of $97,160.00. Following the completion of the sale, the director now directly owns 80,213 shares in the company, valued at approximately $1,948,373.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 33.75% of the company’s stock.
A number of large investors have recently bought and sold shares of MCS. Municipal Employees Retirement System of Michigan boosted its position in shares of Marcus Corp. by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the company’s stock valued at $104,000 after buying an additional 70 shares in the last quarter. JPMorgan Chase & Co. bought a new position in shares of Marcus Corp. during the first quarter valued at $106,000. BNP Paribas Arbitrage SA boosted its position in shares of Marcus Corp. by 114.1% in the second quarter. BNP Paribas Arbitrage SA now owns 5,818 shares of the company’s stock valued at $123,000 after buying an additional 3,100 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Marcus Corp. during the third quarter valued at $208,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Marcus Corp. during the third quarter valued at $210,000. Institutional investors own 56.28% of the company’s stock.
About Marcus Corp.