The Marcus Co. Plans Quarterly Dividend of $0.07 (NYSE:MCS)

The Marcus Co. (NYSE:MCS) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Tuesday, February 25th will be given a dividend of 0.07 per share on Monday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 1.30%.

Marcus has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Marcus to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 60.9%.

Marcus Stock Performance

Shares of MCS traded up $0.09 during trading hours on Wednesday, hitting $21.49. The company’s stock had a trading volume of 79,869 shares, compared to its average volume of 167,502. The company has a market cap of $676.51 million, a price-to-earnings ratio of -63.21, a PEG ratio of 3.12 and a beta of 1.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. The business has a 50 day simple moving average of $21.00 and a two-hundred day simple moving average of $18.10. Marcus has a 52-week low of $9.56 and a 52-week high of $23.16.

Analysts Set New Price Targets

MCS has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Marcus in a research note on Thursday, January 30th. Barrington Research reiterated an “outperform” rating and set a $24.00 target price on shares of Marcus in a research report on Wednesday, November 13th. Finally, StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research report on Friday, November 15th.

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.