Benchmark Boosts Marcus (NYSE:MCS) Price Target to $22.00

Marcus (NYSE:MCS) had its price objective lifted by equities researchers at Benchmark from $20.00 to $22.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 6.69% from the company’s current price.

MCS has been the subject of several other research reports. Barrington Research reiterated an “outperform” rating and issued a $20.00 target price on shares of Marcus in a report on Thursday. B. Riley boosted their price target on shares of Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Finally, StockNews.com upgraded shares of Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th.

Marcus Stock Performance

MCS stock opened at $20.62 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average price is $15.43 and its 200-day moving average price is $13.07. Marcus has a one year low of $9.56 and a one year high of $20.72.

Marcus (NYSE:MCS) last posted its earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.20). Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. The company had revenue of $176.03 million during the quarter, compared to analyst estimates of $170.74 million. During the same quarter last year, the business posted $0.35 EPS. As a group, equities research analysts forecast that Marcus will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Marcus

A number of institutional investors and hedge funds have recently modified their holdings of MCS. Millennium Management LLC grew its stake in shares of Marcus by 83.2% during the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after purchasing an additional 294,593 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Marcus by 133.8% during the first quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after purchasing an additional 250,019 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Marcus by 71.0% during the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after purchasing an additional 183,909 shares in the last quarter. Squarepoint Ops LLC grew its stake in shares of Marcus by 35.6% during the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after purchasing an additional 60,921 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Marcus during the second quarter worth $539,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

About Marcus

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.