Marcus (NYSE:MCS) Reaches New 52-Week High on Analyst Upgrade

The Marcus Co. (NYSE:MCS)’s share price reached a new 52-week high during trading on Monday after Benchmark raised their price target on the stock from $22.00 to $25.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $22.73 and last traded at $22.58, with a volume of 48489 shares. The stock had previously closed at $22.03.

MCS has been the subject of a number of other research reports. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a research note on Wednesday, November 13th. StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

Insider Buying and Selling

In other news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were 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 in the company, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional Trading of Marcus

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in Marcus by 83.2% in the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock valued at $7,375,000 after buying an additional 294,593 shares in the last quarter. Barclays PLC boosted its position in Marcus by 135.3% in the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock valued at $5,913,000 after buying an additional 225,644 shares in the last quarter. AQR Capital Management LLC boosted its position in Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after buying an additional 183,909 shares in the last quarter. Squarepoint Ops LLC boosted its position in Marcus by 35.6% in the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock valued at $2,638,000 after buying an additional 60,921 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Marcus by 2,057.5% in the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock valued at $790,000 after buying an additional 49,977 shares in the last quarter. Institutional investors own 81.57% of the company’s stock.

Marcus Price Performance

The stock’s 50-day moving average price is $17.85 and its 200-day moving average price is $14.11. The company has a market capitalization of $695.91 million, a price-to-earnings ratio of -65.01, a price-to-earnings-growth ratio of 4.98 and a beta of 1.48. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, November 25th. Marcus’s dividend payout ratio (DPR) is -82.35%.

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.