Marcus (NYSE:MCS) Sets New 12-Month High After Analyst Upgrade

The Marcus Co. (NYSE:MCS) hit a new 52-week high during trading on Monday after Benchmark raised their price target on the stock from $20.00 to $22.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $20.93 and last traded at $20.86, with a volume of 51819 shares. The stock had previously closed at $20.62.

Several other equities research analysts have also commented on MCS. StockNews.com upgraded Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. Barrington Research reiterated an “outperform” rating and set a $20.00 price objective on shares of Marcus in a research note on Thursday. Finally, B. Riley upped their price target on shares of Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, July 8th.

Institutional Investors Weigh In On Marcus

Hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new stake in shares of Marcus in the 3rd quarter valued at approximately $432,000. nVerses Capital LLC acquired a new stake in Marcus in the third quarter valued at approximately $32,000. Creative Planning bought a new stake in Marcus in the third quarter worth approximately $159,000. CWM LLC increased its stake in shares of Marcus by 98.8% during the 3rd quarter. CWM LLC now owns 5,709 shares of the company’s stock worth $86,000 after purchasing an additional 2,837 shares during the last quarter. Finally, Marquette Asset Management LLC bought a new position in shares of Marcus during the 3rd quarter valued at $327,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Stock Performance

The firm has a market cap of $670.75 million, a price-to-earnings ratio of -60.85 and a beta of 1.48. The firm’s 50 day moving average is $15.43 and its 200-day moving average is $13.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.54.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The company had revenue of $176.03 million for the quarter, compared to the consensus estimate of $170.74 million. Marcus had a positive return on equity of 1.39% and a negative net margin of 1.44%. During the same period last year, the firm posted $0.35 EPS. Sell-side analysts anticipate that The Marcus Co. will post -0.03 earnings per share for the current fiscal year.

Marcus Company Profile

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.