Barrington Research Reiterates Outperform Rating for Marcus (NYSE:MCS)

Barrington Research restated their outperform rating on shares of Marcus (NYSE:MCS) in a report issued on Thursday, Benzinga reports. They currently have a $20.00 target price on the stock.

Several other research firms also recently issued reports on MCS. Benchmark lifted their price objective on Marcus from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. B. Riley boosted their target price 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. Finally, StockNews.com upgraded Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th.

Marcus Stock Performance

MCS opened at $20.62 on Thursday. The firm’s 50 day moving average is $15.43 and its 200-day moving average is $13.07. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38. Marcus has a 52-week low of $9.56 and a 52-week high of $20.72.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $176.03 million during the quarter, compared to analysts’ expectations of $170.74 million. During the same period in the previous year, the company earned $0.35 earnings per share. On average, equities research analysts predict that Marcus will post -0.03 earnings per share for the current year.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, August 26th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.36%. Marcus’s dividend payout ratio (DPR) is -82.35%.

Institutional Investors Weigh In On Marcus

A number of institutional investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in shares of Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after acquiring an additional 294,593 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Marcus by 133.8% in the 1st 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 increased its holdings in shares of Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after buying an additional 183,909 shares in the last quarter. Squarepoint Ops LLC boosted its stake in shares of Marcus by 35.6% during the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after acquiring an additional 60,921 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Marcus in the 2nd quarter worth $539,000. Institutional investors 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.