Marcus (NYSE:MCS) Receives “Outperform” Rating from Barrington Research

Marcus (NYSE:MCS)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $20.00 price objective on the stock. Barrington Research’s price objective indicates a potential upside of 6.04% from the stock’s current price.

MCS has been the topic of a number of other reports. B. Riley raised their price objective on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th. Benchmark raised their price objective on Marcus from $18.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, StockNews.com raised Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th.

Marcus Price Performance

Shares of MCS traded up $1.69 during trading hours on Thursday, reaching $18.86. 868,029 shares of the company’s stock traded hands, compared to its average volume of 538,217. The stock has a market cap of $606.44 million, a PE ratio of -25.15 and a beta of 1.52. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39. The firm’s 50 day simple moving average is $15.19 and its 200-day simple moving average is $12.98. Marcus has a 12 month low of $9.56 and a 12 month high of $19.43.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The firm had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $170.74 million. Marcus had a negative net margin of 3.11% and a negative return on equity of 1.36%. During the same period in the prior year, the business posted $0.35 earnings per share. Equities analysts expect that Marcus will post -0.04 EPS for the current year.

Hedge Funds Weigh In On Marcus

A number of large investors have recently bought and sold shares of MCS. Millennium Management LLC increased its stake in Marcus by 83.2% in the 2nd quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after purchasing an additional 294,593 shares during the period. Acadian Asset Management LLC grew its position in shares of Marcus by 133.8% in the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock worth $6,227,000 after buying an additional 250,019 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Marcus by 71.0% in the 2nd quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after buying an additional 183,909 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Marcus by 35.6% in the 2nd quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after buying an additional 60,921 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Marcus in the 2nd quarter worth approximately $539,000. 81.57% of the stock is owned by hedge funds and other institutional investors.

About Marcus

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.