Marcus (NYSE:MCS) Receives “Buy” Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Marcus (NYSE:MCS) in a report published on Thursday morning,Benzinga reports. Benchmark currently has a $25.00 target price on the stock.

Several other analysts also recently commented on MCS. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Marcus in a research report on Wednesday, November 13th. StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Marcus Stock Performance

Shares of Marcus stock opened at $20.40 on Thursday. The stock’s 50-day moving average is $21.21 and its 200 day moving average is $17.49. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. Marcus has a one year low of $9.56 and a one year high of $23.16.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, November 25th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Monday, November 25th. Marcus’s dividend payout ratio (DPR) is -82.35%.

Insider Transactions at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction that occurred 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 transaction, the vice president now owns 186,585 shares of the company’s stock, valued at $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by insiders.

Institutional Trading of Marcus

Institutional investors and hedge funds have recently made changes to their positions in the company. Peapod Lane Capital LLC purchased a new position in Marcus during the fourth quarter worth about $3,258,000. Empowered Funds LLC boosted its stake in shares of Marcus by 5.1% in the 4th quarter. Empowered Funds LLC now owns 169,183 shares of the company’s stock worth $3,637,000 after buying an additional 8,207 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Marcus by 54.9% in the fourth quarter. SG Americas Securities LLC now owns 19,944 shares of the company’s stock valued at $429,000 after acquiring an additional 7,067 shares in the last quarter. Range Financial Group LLC bought a new position in shares of Marcus in the fourth quarter valued at approximately $882,000. Finally, Geode Capital Management LLC increased its position in shares of Marcus by 1.3% during the third quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock valued at $8,467,000 after acquiring an additional 7,320 shares during the last quarter. Hedge funds and other 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.