Marcus (NYSE:MCS) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Marcus (NYSE:MCS) from a hold rating to a buy rating in a research note published on Friday.

Several other analysts have also issued reports on the company. Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a research note on Wednesday, November 13th. Benchmark increased their price target on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Marcus Stock Performance

Shares of NYSE MCS opened at $21.47 on Friday. The stock has a 50 day moving average price of $17.11 and a 200 day moving average price of $13.74. Marcus has a 52 week low of $9.56 and a 52 week high of $22.62. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $675.88 million, a PE ratio of -63.15, a price-to-earnings-growth ratio of 4.92 and a beta of 1.48.

Marcus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Monday, November 25th. Marcus’s dividend payout ratio is presently -82.35%.

Insider Activity at Marcus

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MCS. Vanguard Group Inc. grew its stake in shares of 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 period. Millennium Management LLC boosted its stake in Marcus by 83.2% during the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after purchasing an additional 294,593 shares during the last quarter. Geode Capital Management LLC boosted its stake in Marcus by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock valued at $8,467,000 after purchasing an additional 7,320 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Marcus by 10.4% in the 2nd quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after buying an additional 46,891 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after buying an additional 183,909 shares during the last quarter. 81.57% of the stock is owned by institutional investors.

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.