Benchmark Issues Positive Forecast for Marcus (NYSE:MCS) Stock Price

Marcus (NYSE:MCS) had its price objective raised by Benchmark from $22.00 to $25.00 in a research note issued to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

MCS has been the subject of several other research reports. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a research report on Wednesday, November 13th.

Marcus Stock Up 2.6 %

Shares of MCS opened at $22.48 on Monday. The company has a market capitalization of $707.67 million, a P/E ratio of -66.12, a PEG ratio of 4.99 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.54. Marcus has a one year low of $9.56 and a one year high of $22.79. The business’s 50 day simple moving average is $18.15 and its 200-day simple moving average is $14.24.

Marcus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.25%. Marcus’s dividend payout ratio (DPR) is presently -82.35%.

Insider Transactions at Marcus

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction 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 sale, the vice president now directly owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marcus

Several hedge funds and other institutional investors have recently made changes to their positions in MCS. Millennium Management LLC increased its position in shares of Marcus by 83.2% during the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after acquiring an additional 294,593 shares in the last quarter. Barclays PLC boosted its holdings in Marcus by 135.3% during the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after purchasing an additional 225,644 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Marcus by 71.0% during the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after purchasing an additional 183,909 shares during the last quarter. Squarepoint Ops LLC boosted its holdings in Marcus by 35.6% during the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after purchasing an additional 60,921 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Marcus by 2,057.5% in the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock valued at $790,000 after acquiring an additional 49,977 shares during the last quarter. 81.57% of the stock is owned by institutional investors.

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.