Benchmark Raises Marcus (NYSE:MCS) Price Target to $20.00

Marcus (NYSE:MCS) had its price target increased by equities research analysts at Benchmark from $18.00 to $20.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective would indicate a potential upside of 25.51% from the stock’s current price.

Several other brokerages have also commented on MCS. Barrington Research reissued an “outperform” rating and set a $20.00 price target on shares of Marcus in a research note on Friday, September 20th. StockNews.com raised Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, B. Riley raised their price target on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 8th.

Marcus Stock Performance

Shares of MCS stock opened at $15.94 on Wednesday. The stock has a 50 day simple moving average of $13.95 and a 200-day simple moving average of $12.68. Marcus has a 12-month low of $9.56 and a 12-month high of $16.17. The company has a market cap of $512.39 million, a price-to-earnings ratio of 66.33 and a beta of 1.52. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.39.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.20). The company had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $170.74 million. Marcus had a negative return on equity of 1.36% and a negative net margin of 3.11%. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts forecast that Marcus will post -0.14 EPS for the current year.

Institutional Trading of Marcus

A number of large investors have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in Marcus by 193.2% in the 4th quarter. Parallel Advisors LLC now owns 1,891 shares of the company’s stock valued at $28,000 after purchasing an additional 1,246 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Marcus during the second quarter valued at approximately $30,000. CWM LLC boosted its position in Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after acquiring an additional 2,788 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Marcus in the 1st quarter worth approximately $169,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Marcus in the 1st quarter valued at $173,000. Institutional investors and hedge funds own 81.57% of the company’s stock.

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.