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

Barrington Research reaffirmed their outperform rating on shares of Marcus (NYSE:MCS) in a report released on Thursday morning,Benzinga reports. The brokerage currently has a $27.00 price target on the stock.

MCS has been the subject of several other reports. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Marcus in a research report on Thursday, January 30th.

Marcus Stock Down 11.0 %

MCS stock opened at $18.57 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $23.16. The stock’s 50 day simple moving average is $20.84 and its 200 day simple moving average is $18.74. The company has a market cap of $584.46 million, a P/E ratio of -54.60, a price-to-earnings-growth ratio of 3.12 and a beta of 1.53.

Marcus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 25th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $0.28 annualized dividend and a yield of 1.51%. Marcus’s dividend payout ratio (DPR) is -82.35%.

Hedge Funds Weigh In On Marcus

Institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its stake in Marcus by 69.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 599,118 shares of the company’s stock valued at $12,881,000 after purchasing an additional 246,375 shares during the period. Barclays PLC raised its stake in shares of Marcus by 135.3% during the 3rd quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after purchasing an additional 225,644 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Marcus by 303.7% in the 4th quarter. Renaissance Technologies LLC now owns 257,089 shares of the company’s stock worth $5,527,000 after buying an additional 193,400 shares during the last quarter. Peapod Lane Capital LLC bought a new position in Marcus during the fourth quarter valued at about $3,258,000. Finally, American Century Companies Inc. raised its position in Marcus by 23.4% in the fourth quarter. American Century Companies Inc. now owns 736,619 shares of the company’s stock worth $15,837,000 after acquiring an additional 139,577 shares during the period. 81.57% of the stock is owned by institutional investors.

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.