StockNews.com Upgrades Marcus (NYSE:MCS) to “Buy”

StockNews.com upgraded shares of Marcus (NYSE:MCS) from a hold rating to a buy rating in a report released on Tuesday morning.

Several other research firms have also weighed in on MCS. Barrington Research restated an “outperform” rating and set a $20.00 price target on shares of Marcus in a research report on Thursday, October 31st. Benchmark lifted their price target on Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, B. Riley lifted their price target on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 8th.

Marcus Price Performance

Shares of MCS stock opened at $21.85 on Tuesday. The firm has a market cap of $687.84 million, a P/E ratio of -64.26, a P/E/G ratio of 5.06 and a beta of 1.48. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $22.62. The business’s 50 day moving average price is $16.20 and its 200-day moving average price is $13.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.51 and a current ratio of 0.54.

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, November 25th. Marcus’s payout ratio is -82.35%.

Insider Buying and Selling at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction 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 completion of the transaction, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Marcus by 142.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock worth $1,252,000 after purchasing an additional 48,759 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Marcus by 5.3% in the third quarter. Empowered Funds LLC now owns 160,976 shares of the company’s stock worth $2,426,000 after purchasing an additional 8,174 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Marcus in the third quarter worth $432,000. nVerses Capital LLC purchased a new position in shares of Marcus in the third quarter worth $32,000. Finally, Creative Planning purchased a new position in shares of Marcus in the third quarter worth $159,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

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.