Barrington Research Issues Pessimistic Forecast for Marcus (NYSE:MCS) Stock Price

Marcus (NYSE:MCS) had its price target decreased by Barrington Research from $27.00 to $25.00 in a report released on Tuesday,Benzinga reports. Barrington Research currently has an outperform rating on the stock.

Several other research firms have also commented on MCS. StockNews.com lowered shares of Marcus from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. Benchmark reaffirmed a “buy” rating and set a $25.00 price objective on shares of Marcus in a research note on Friday, April 11th.

Marcus Stock Up 0.2 %

Shares of NYSE MCS opened at $16.25 on Tuesday. The stock has a market capitalization of $515.76 million, a P/E ratio of -47.78, a PEG ratio of 3.12 and a beta of 1.24. Marcus has a one year low of $9.56 and a one year high of $23.16. The firm’s 50 day simple moving average is $17.99 and its two-hundred day simple moving average is $19.30. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, February 25th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. Marcus’s dividend payout ratio is currently -107.69%.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in shares of Marcus by 2,908.9% during the fourth quarter. Lazard Asset Management LLC now owns 2,377 shares of the company’s stock worth $51,000 after purchasing an additional 2,298 shares during the period. Quarry LP bought a new position in Marcus during the 4th quarter valued at approximately $70,000. Harbor Capital Advisors Inc. purchased a new stake in Marcus in the 1st quarter worth approximately $76,000. National Bank of Canada FI grew its position in shares of Marcus by 407,500.0% in the 4th quarter. National Bank of Canada FI now owns 4,076 shares of the company’s stock worth $88,000 after buying an additional 4,075 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Marcus during the fourth quarter valued at approximately $114,000. 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.