Marcus’ (MCS) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Marcus (NYSE:MCS) in a report issued on Wednesday,Benzinga reports. They currently have a $24.00 price target on the stock.

Several other equities research analysts have also commented on MCS. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Benchmark increased their price objective on shares of Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Marcus Stock Down 2.7 %

NYSE MCS opened at $21.76 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. Marcus has a 1-year low of $9.56 and a 1-year high of $22.62. The company has a market cap of $685.00 million, a price-to-earnings ratio of -64.00, a PEG ratio of 4.97 and a beta of 1.48. The company has a 50 day moving average of $16.97 and a 200-day moving average of $13.67.

Marcus Announces Dividend

The business also recently announced 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, November 25th. Marcus’s dividend payout ratio is currently -82.35%.

Insider Activity

In other news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 represents a 4.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in 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 period. Barclays PLC boosted its holdings in Marcus by 135.3% in the 3rd quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after buying an additional 225,644 shares during the period. Walleye Trading LLC boosted its holdings in Marcus by 14.5% in the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after buying an additional 4,300 shares during the period. BNP Paribas Financial Markets boosted its holdings in Marcus by 2,057.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock worth $790,000 after buying an additional 49,977 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in 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 buying an additional 48,759 shares during the period. 81.57% of the stock is owned by institutional investors.

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.