Marcus (NYSE:MCS) Downgraded by Benchmark

Benchmark downgraded shares of Marcus (NYSE:MCS) from a buy rating to a hold rating in a research report released on Monday, BenzingaRatingsTable reports.

A number of other research firms have also recently commented on MCS. B. Riley lowered their price target on Marcus from $36.00 to $19.00 and set a neutral rating on the stock in a report on Wednesday, March 18th. Barrington Research lowered their price target on Marcus from $44.00 to $37.00 and set an outperform rating on the stock in a report on Wednesday, February 26th. ValuEngine cut Marcus from a hold rating to a sell rating in a report on Tuesday, March 17th. Finally, TheStreet cut Marcus from a b- rating to a c+ rating in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Marcus presently has a consensus rating of Hold and an average target price of $32.75.

Shares of NYSE:MCS traded up $1.51 during mid-day trading on Monday, reaching $13.72. 386,335 shares of the company traded hands, compared to its average volume of 272,868. The company’s 50 day moving average price is $23.47 and its 200-day moving average price is $30.87. The firm has a market cap of $363.64 million, a PE ratio of 10.16, a PEG ratio of 1.04 and a beta of 0.58. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.45 and a quick ratio of 0.45. Marcus has a 52 week low of $6.95 and a 52 week high of $41.81.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.11. The company had revenue of $206.86 million during the quarter, compared to the consensus estimate of $198.71 million. Marcus had a return on equity of 8.16% and a net margin of 5.12%. On average, research analysts predict that Marcus will post 0.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.17 dividend. The ex-dividend date was Friday, February 28th. This is a boost from Marcus’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 4.96%. Marcus’s payout ratio is currently 42.24%.

In other news, VP Thomas F. Kissinger acquired 1,500 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $25.78 per share, with a total value of $38,670.00. Following the acquisition, the vice president now directly owns 88,833 shares of the company’s stock, valued at $2,290,114.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. 29.04% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Marcus during the 4th quarter worth approximately $5,701,000. Geode Capital Management LLC raised its holdings in shares of Marcus by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 299,416 shares of the company’s stock worth $9,512,000 after acquiring an additional 14,522 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Marcus during the 4th quarter worth approximately $548,000. Westwood Holdings Group Inc. raised its holdings in shares of Marcus by 14.8% during the 4th quarter. Westwood Holdings Group Inc. now owns 779,002 shares of the company’s stock worth $24,750,000 after acquiring an additional 100,403 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Marcus by 12.5% during the 4th quarter. Bank of America Corp DE now owns 18,361 shares of the company’s stock worth $583,000 after acquiring an additional 2,041 shares in the last quarter. 67.56% of the stock is currently owned by institutional investors and hedge funds.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

Further Reading: What is the formula for the cash asset ratio?

Receive News & Ratings for Marcus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marcus and related companies with MarketBeat.com's FREE daily email newsletter.