Marcus (NYSE:MCS) Reaches New 12-Month High Following Analyst Upgrade

The Marcus Co. (NYSE:MCS) hit a new 52-week high during trading on Monday after Benchmark raised their price target on the stock from $22.00 to $25.00. Benchmark currently has a buy rating on the stock. Marcus traded as high as $22.73 and last traded at $22.58, with a volume of 48489 shares trading hands. The stock had previously closed at $22.03.

A number of other equities research analysts also recently weighed in on MCS. StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Barrington Research restated an “outperform” rating and issued a $24.00 price objective on shares of Marcus in a report on Wednesday, November 13th.

Insider Activity

In related news, VP Thomas F. Kissinger sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the sale, the vice president now owns 186,585 shares in the company, valued at approximately $4,162,711.35. This trade represents a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MCS. Innealta Capital LLC purchased a new position in Marcus in the second quarter worth $30,000. nVerses Capital LLC bought a new position in shares of Marcus during the 3rd quarter valued at about $32,000. CWM LLC raised its holdings in shares of Marcus by 3,319.0% during the 2nd quarter. CWM LLC now owns 2,872 shares of the company’s stock valued at $33,000 after buying an additional 2,788 shares in the last quarter. GAMMA Investing LLC boosted its stake in Marcus by 53.0% in the third quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock worth $58,000 after buying an additional 1,336 shares in the last quarter. Finally, Creative Planning bought a new stake in shares of Marcus in the 3rd quarter valued at about $159,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

Marcus Trading Up 2.2 %

The company has a market capitalization of $708.66 million, a PE ratio of -66.21, a P/E/G ratio of 4.98 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. The firm’s 50 day moving average is $17.70 and its 200 day moving average is $14.04.

Marcus Dividend Announcement

The company also recently announced 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 is Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.24%. Marcus’s dividend payout ratio is currently -82.35%.

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.