Marcus (NYSE:MCS) Given “Outperform” Rating at Barrington Research

Barrington Research reissued their outperform rating on shares of Marcus (NYSE:MCS) in a research note published on Wednesday,Benzinga reports. Barrington Research currently has a $24.00 target price on the stock.

Several other research analysts have also recently issued reports on MCS. Benchmark increased their price objective on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th.

Marcus Stock Performance

NYSE MCS opened at $21.98 on Wednesday. The stock has a market capitalization of $691.77 million, a price-to-earnings ratio of -64.63, a PEG ratio of 5.00 and a beta of 1.48. The business’s 50 day moving average is $16.66 and its two-hundred day moving average is $13.55. Marcus has a 12-month low of $9.56 and a 12-month 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 company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Monday, November 25th. Marcus’s dividend payout ratio is currently -82.35%.

Insider Activity

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the sale, the vice president now directly owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MCS. BNP Paribas Financial Markets raised its holdings in shares of Marcus by 2,057.5% in the third quarter. BNP Paribas Financial Markets now owns 52,406 shares of the company’s stock worth $790,000 after acquiring an additional 49,977 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Marcus by 142.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 83,101 shares of the company’s stock valued at $1,252,000 after acquiring an additional 48,759 shares during the last quarter. Empowered Funds LLC increased its position in Marcus by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 160,976 shares of the company’s stock worth $2,426,000 after purchasing an additional 8,174 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Marcus during the 3rd quarter worth about $432,000. Finally, nVerses Capital LLC acquired a new position in Marcus in the 3rd quarter valued at about $32,000. 81.57% of the stock is currently owned by institutional investors and hedge funds.

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.