Barrington Research Reiterates Outperform Rating for Marcus (NYSE:MCS)

Barrington Research restated their outperform rating on shares of Marcus (NYSE:MCS) in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a $24.00 price target on the stock.

MCS has been the topic of several other reports. StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Benchmark lifted their price target on shares of Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Marcus Stock Performance

Marcus stock opened at $21.98 on Wednesday. The firm has a market capitalization of $691.77 million, a P/E ratio of -64.63, a PEG ratio of 5.00 and a beta of 1.48. The stock has a fifty day moving average price of $16.66 and a 200 day moving average price of $13.55. Marcus has a 52 week low of $9.56 and a 52 week high of $22.62. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Marcus Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Monday, November 25th. Marcus’s dividend payout ratio (DPR) is presently -82.35%.

Insider Activity at Marcus

In other news, VP Thomas F. Kissinger sold 8,000 shares of the 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 owns 186,585 shares of the company’s stock, valued at $4,162,711.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Marcus

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Marcus by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 1,853,266 shares of the company’s stock worth $26,428,000 after acquiring an additional 21,646 shares in the last quarter. Millennium Management LLC lifted 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 purchasing an additional 294,593 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Marcus by 10.4% during the second quarter. American Century Companies Inc. now owns 497,284 shares of the company’s stock worth $5,654,000 after purchasing an additional 46,891 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock valued at $5,036,000 after purchasing an additional 183,909 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in Marcus by 133.8% during the 1st quarter. Acadian Asset Management LLC now owns 436,845 shares of the company’s stock valued at $6,227,000 after purchasing an additional 250,019 shares in the last quarter. Hedge funds and other institutional investors 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.