Marcus (NYSE:MCS) Stock Price Up 11% – Should You Buy?

The Marcus Co. (NYSE:MCS)’s share price shot up 11% during mid-day trading on Thursday . The company traded as high as $19.25 and last traded at $19.06. 47,874 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 534,333 shares. The stock had previously closed at $17.17.

Analysts Set New Price Targets

Several research firms have commented on MCS. Barrington Research reiterated an “outperform” rating and set a $20.00 price target on shares of Marcus in a report on Thursday. B. Riley increased their target price on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th. Benchmark lifted their price target on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday. Finally, StockNews.com upgraded Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th.

Marcus Trading Up 9.3 %

The business’s 50-day moving average price is $15.43 and its 200-day moving average price is $13.07. The firm has a market capitalization of $662.93 million, a PE ratio of -27.49 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.51 and a quick ratio of 0.51.

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

Marcus Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, August 26th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.28 dividend on an annualized basis and a yield of 1.36%. Marcus’s payout ratio is -37.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in Marcus in the 2nd quarter valued at $30,000. nVerses Capital LLC purchased a new stake in shares of Marcus in the third quarter valued at about $32,000. CWM LLC increased its stake in shares of Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after acquiring an additional 2,788 shares during the period. GAMMA Investing LLC increased its stake in shares of Marcus by 53.0% during the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after acquiring an additional 1,336 shares during the period. Finally, Creative Planning purchased a new position in Marcus during the third quarter worth about $159,000. Institutional investors and hedge funds 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.