Marcus (NYSE:MCS) Given New $25.00 Price Target at Benchmark

Marcus (NYSE:MCS) had its price objective increased by Benchmark from $22.00 to $25.00 in a research note published on Monday,Benzinga reports. Benchmark currently has a buy rating on the stock.

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

Marcus Trading Up 0.7 %

Shares of MCS opened at $22.11 on Monday. 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 quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. Marcus has a 12-month low of $9.56 and a 12-month high of $22.73. The firm has a market capitalization of $695.91 million, a price-to-earnings ratio of -65.01, a P/E/G ratio of 4.98 and a beta of 1.48.

Marcus Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, November 25th. Marcus’s payout ratio is -82.35%.

Insider Activity at Marcus

In related news, VP Thomas F. Kissinger sold 8,000 shares of the firm’s 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 sale, the vice president now directly owns 186,585 shares of the company’s stock, valued at $4,162,711.35. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.

Institutional Trading of Marcus

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Marcus by 1.3% during 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 in the last quarter. Barclays PLC lifted its position in shares of Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after purchasing an additional 225,644 shares in the last quarter. Walleye Trading LLC grew its stake in shares of Marcus by 14.5% during the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after purchasing an additional 4,300 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of 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 purchasing an additional 49,977 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position 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 purchasing an additional 48,759 shares during the last quarter. 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.