The Marcus Corporation (NYSE:MCS) shares traded 1.11% higher at $15.44 on Wall Street last session.
In accordance with the data, 3 analysts cover The Marcus Corporation (NYSE:MCS). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $19.00, we find $20.00. Given the previous closing price of $15.27, this indicates a potential upside of 30.98 percent. MCS stock price is now 0.79% away from the 50-day moving average and -0.18% away from the 200-day moving average. The market capitalization of the company currently stands at $489.14M.
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It has been rated a hold by 0 analysts and a buy by 3. Brokers who have rated the stock have averaged $21.00 as their price target over the next twelve months.
With the price target reduced from $25 to $24, B. Riley Securities maintained Buy rating for The Marcus Corporation (NYSE: MCS). On December 05, 2022, B. Riley Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $22 to quote $25, while ‘JP Morgan’ rates the stock as ‘Neutral’.
In other news, OLSON BRUCE J, Director sold 3,451 shares of the company’s stock on Dec 28. The stock was sold for $48,324 at an average price of $14.00. Upon completion of the transaction, the Director now directly owns 1,618 shares in the company, valued at $24981.92. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05, Sr Exec VP, Gen Counsel & Secy KISSINGER THOMAS F sold 12,500 shares of the business’s stock. A total of $221,358 was realized by selling the stock at an average price of $17.71. This leaves the insider owning 95,848 shares of the company worth $1.48 million. Insiders disposed of 101,654 shares of company stock worth roughly $1.57 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MCS stock. A new stake in The Marcus Corporation shares was purchased by BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC during the first quarter worth $663,000. RBF CAPITAL, LLC invested $514,000 in shares of MCS during the first quarter. In the first quarter, TRUIST FINANCIAL CORP acquired a new stake in The Marcus Corporation valued at approximately $482,000. ERGOTELES LLC acquired a new stake in MCS for approximately $254,000. TIMELO INVESTMENT MANAGEMENT INC. purchased a new stake in MCS valued at around $209,000 in the second quarter.
The Marcus Corporation (NYSE: MCS) opened at $15.47 on Tuesday. During the past 12 months, The Marcus Corporation has had a low of $13.41 and a high of $18.23. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 0.40, and a quick ratio of 0.40. The fifty day moving average price for MCS is $15.34 and a two-hundred day moving average price translates $15.47 for the stock.
The latest earnings results from The Marcus Corporation (NYSE: MCS) was released for Sep, 2022. According to the Entertainment Company, earnings per share came in at $0.1, beating analysts’ expectations of $0.07 by 0.03. This compares to $0.21 EPS in the same period last year. The net profit margin was -1.80% and return on equity was -2.60% for MCS. The company reported revenue of $162.95 million for the quarter, compared to $169.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.61 percent. For the current quarter, analysts expect MCS to generate $155.26M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/20/2023. Investors who held shares on 03/13/2023 were paid a $0.05 dividend. On an annualized basis, this represents a $0.20 dividend and a 1.30% percent yield. There was an ex-dividend date of 03/10/2023 for this dividend.
The Marcus Corporation(MCS) Company Profile
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates in two segments, Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center. The Hotels and Resorts segment owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. The company also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. As of December 30, 2021, it owned or operated 1,064 screens at 85 movie theatre locations in 17 states under the Marcus Theatres, Movie Tavern by Marcus, and BistroPlex brands; and operated 8 wholly-owned or majority-owned hotels and resorts, as well as managed 11 hotels, resorts, and other properties for third parties. The company was founded in 1935 and is headquartered in Milwaukee, Wisconsin.
