Marcus (NYSE:MCS) Reaches New 52-Week High After Analyst Upgrade

The Marcus Co. (NYSE:MCS)’s stock price reached a new 52-week high on Monday after Benchmark raised their price target on the stock from $22.00 to $25.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $22.73 and last traded at $22.58, with a volume of 48489 shares changing hands. The stock had previously closed at $22.03.

MCS has been the subject 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 report on Wednesday, November 13th. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Insider Activity

In related news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction dated 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. This trade represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MCS. Geode Capital Management LLC lifted its position in shares of Marcus by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock worth $8,467,000 after buying an additional 7,320 shares during the last quarter. Barclays PLC boosted its holdings in shares of Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock valued at $5,913,000 after acquiring an additional 225,644 shares during the period. Walleye Trading LLC boosted its holdings in shares of Marcus by 14.5% during the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after acquiring an additional 4,300 shares during the period. BNP Paribas Financial Markets grew its position in shares of Marcus by 2,057.5% during the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock worth $790,000 after acquiring an additional 49,977 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Marcus by 142.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock worth $1,252,000 after acquiring an additional 48,759 shares during the period. Institutional investors and hedge funds own 81.57% of the company’s stock.

Marcus Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average is $17.85 and its two-hundred day moving average is $14.11. The stock has a market capitalization of $690.09 million, a P/E ratio of -64.65, a P/E/G ratio of 4.98 and a beta of 1.48.

Marcus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.28%. Marcus’s dividend payout ratio is presently -82.35%.

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.