Shares of The Marcus Co. (NYSE:MCS – Get Rating) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $16.28 and traded as high as $16.62. Marcus shares last traded at $16.40, with a volume of 196,297 shares trading hands.
Analyst Ratings Changes
MCS has been the subject of several research analyst reports. B. Riley cut their target price on shares of Marcus from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, June 21st. Barrington Research reiterated a “buy” rating and set a $24.00 objective price on shares of Marcus in a report on Friday, May 6th. Benchmark cut their price objective on shares of Marcus from $28.00 to $25.00 in a research report on Wednesday, July 13th. Finally, StockNews.com downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.
Marcus Price Performance
The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average price is $14.99 and its 200 day moving average price is $16.28. The firm has a market capitalization of $518.39 million, a price-to-earnings ratio of -16.40 and a beta of 1.59.
Marcus (NYSE:MCS – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($0.12). The firm had revenue of $132.24 million during the quarter, compared to analyst estimates of $119.75 million. Marcus had a negative net margin of 5.57% and a negative return on equity of 7.70%. During the same period last year, the business earned ($0.96) EPS. Equities research analysts expect that The Marcus Co. will post -0.08 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Marcus
Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its stake in shares of Marcus by 50.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,080 shares of the company’s stock worth $35,000 after buying an additional 700 during the last quarter. Morgan Dempsey Capital Management LLC grew its holdings in Marcus by 24.7% in the 1st quarter. Morgan Dempsey Capital Management LLC now owns 4,858 shares of the company’s stock valued at $86,000 after buying an additional 962 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Marcus by 16.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. Now owns 5,135 shares of the company’s stock worth $92,000 after purchasing an additional 707 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Marcus during the 1st quarter worth about $127,000. Finally, State of Tennessee Treasury Department grew its holdings in shares of Marcus by 17.9% during the 1st quarter. State of Tennessee Treasury Department now owns 8,926 shares of the company’s stock worth $158,000 after purchasing an additional 1,353 shares during the period. 79.52% of the stock is currently owned by hedge funds and other institutional investors.
The Marcus Corporation, together with its subsidiaries, owns and operates movie theaters, and hotels and resorts in the United States. It operates in two segments, theaters, and hotels and resorts. The Theater segment operates multiscreen motion picture theatres, as well as Funset Boulevard, a family entertainment center.
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