Marcus (NYSE:MCS) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Marcus (NYSE:MCS) from a hold rating to a buy rating in a research report report published on Tuesday.

MCS has been the subject of several other reports. Benchmark raised their price objective on shares of Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barrington Research reiterated an “outperform” rating and set a $20.00 target price on shares of Marcus in a report on Thursday, October 31st. Finally, B. Riley lifted their target price on shares of Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th.

Marcus Price Performance

MCS remained flat at $21.99 on Tuesday. 103,683 shares of the company’s stock traded hands, compared to its average volume of 538,637. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.51. Marcus has a twelve month low of $9.56 and a twelve month high of $22.62. The business has a 50-day simple moving average of $16.04 and a two-hundred day simple moving average of $13.31. The firm has a market cap of $706.98 million, a price-to-earnings ratio of -64.71, a P/E/G ratio of 7.60 and a beta of 1.48.

Marcus Dividend Announcement

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

Insider Buying and Selling

In related news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the completion of the transaction, the vice president now directly owns 186,585 shares in the company, valued at $4,162,711.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marcus

Large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in Marcus in the 2nd quarter worth $30,000. nVerses Capital LLC purchased a new stake in Marcus in the 3rd quarter worth $32,000. CWM LLC lifted its stake in Marcus by 3,319.0% in the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after purchasing an additional 2,788 shares in the last quarter. GAMMA Investing LLC lifted its stake in Marcus by 53.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Creative Planning purchased a new stake in Marcus in the 3rd quarter worth $159,000. Institutional investors own 81.57% of the company’s stock.

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.