Marcus (NYSE:MCS) Receives “Outperform” Rating from Barrington Research

Marcus (NYSE:MCS)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a research report issued on Thursday, Benzinga reports. They currently have a $20.00 price target on the stock. Barrington Research’s price objective indicates a potential upside of 6.04% from the stock’s current price.

Several other research firms also recently weighed in on MCS. StockNews.com upgraded Marcus from a “sell” rating to a “hold” rating in a research note on Tuesday, September 24th. B. Riley increased their price target on Marcus from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Finally, Benchmark increased their price target on Marcus from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd.

Marcus Stock Performance

Shares of Marcus stock traded up $1.69 during trading hours on Thursday, hitting $18.86. 868,029 shares of the company’s stock traded hands, compared to its average volume of 538,217. Marcus has a 12-month low of $9.56 and a 12-month high of $19.43. The stock has a market capitalization of $606.44 million, a price-to-earnings ratio of -25.15 and a beta of 1.52. The company has a fifty day simple moving average of $15.19 and a 200-day simple moving average of $12.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51.

Marcus (NYSE:MCS) last announced its earnings results on Thursday, August 1st. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.20). The business had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same period in the prior year, the business earned $0.35 earnings per share. Equities research analysts anticipate that Marcus will post -0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co boosted 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 worth $305,000 after purchasing an additional 5,640 shares during the period. Acadian Asset Management LLC boosted its stake in Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after purchasing an additional 250,019 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Marcus by 221.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 15,168 shares of the company’s stock worth $216,000 after purchasing an additional 10,454 shares during the period. Comerica Bank boosted its stake in Marcus by 138.3% in the 1st quarter. Comerica Bank now owns 27,523 shares of the company’s stock worth $392,000 after purchasing an additional 15,972 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in Marcus in the 1st quarter worth about $173,000. Institutional investors own 81.57% of the company’s stock.

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.