Marcus (NYSE:MCS) Stock Price Expected to Rise, Benchmark Analyst Says

Marcus (NYSE:MCS) had its price target increased by Benchmark from $22.00 to $25.00 in a research report report published on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the stock.

MCS has been the topic of a number of other research reports. Barrington Research reissued an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research note on Wednesday, November 13th. StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Marcus Trading Up 0.7 %

MCS opened at $22.11 on Monday. The firm has a 50 day simple moving average of $17.85 and a 200 day simple moving average of $14.11. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $22.73. The company has a market cap of $695.91 million, a price-to-earnings ratio of -65.01, a price-to-earnings-growth ratio of 4.98 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54.

Marcus Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, November 25th. Marcus’s dividend payout ratio (DPR) is -82.35%.

Insider Activity at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $22.31, for a total value of $178,480.00. Following the completion of the transaction, the vice president now directly owns 186,585 shares in the company, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System bought a new stake in Marcus in the 1st quarter valued at $173,000. Vanguard Group Inc. raised its position in Marcus by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock valued at $26,428,000 after buying an additional 21,646 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Marcus by 35.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,431 shares of the company’s stock valued at $305,000 after acquiring an additional 5,640 shares in the last quarter. Comerica Bank boosted its position in Marcus by 138.3% during the 1st quarter. Comerica Bank now owns 27,523 shares of the company’s stock worth $392,000 after acquiring an additional 15,972 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Marcus by 3,319.0% during the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after acquiring an additional 2,788 shares in the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.