Benchmark Issues Positive Forecast for Marcus (NYSE:MCS) Stock Price

Marcus (NYSE:MCS) had its target price upped by Benchmark from $22.00 to $25.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on MCS. Barrington Research restated an “outperform” rating and set a $24.00 price target on shares of Marcus in a research note on Wednesday, November 13th. StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th.

Marcus Stock Performance

Shares of MCS stock opened at $22.48 on Monday. The stock has a market capitalization of $707.67 million, a P/E ratio of -66.12, a PEG ratio of 4.99 and a beta of 1.48. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $18.15 and its 200 day moving average is $14.24. Marcus has a 12 month low of $9.56 and a 12 month high of $22.79.

Marcus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.25%. Marcus’s dividend payout ratio (DPR) is -82.35%.

Insider Buying and Selling at Marcus

In other 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 value of $178,480.00. Following the completion of the sale, the vice president now directly owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. This trade represents a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Millennium Management LLC raised its holdings in Marcus by 83.2% in the second quarter. Millennium Management LLC now owns 648,664 shares of the company’s stock worth $7,375,000 after buying an additional 294,593 shares during the last quarter. Barclays PLC raised its holdings in Marcus by 135.3% in the third quarter. Barclays PLC now owns 392,388 shares of the company’s stock worth $5,913,000 after buying an additional 225,644 shares during the last quarter. AQR Capital Management LLC raised its holdings in Marcus by 71.0% in the second quarter. AQR Capital Management LLC now owns 442,889 shares of the company’s stock worth $5,036,000 after buying an additional 183,909 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Marcus by 35.6% in the second quarter. Squarepoint Ops LLC now owns 231,996 shares of the company’s stock worth $2,638,000 after buying an additional 60,921 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in 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 buying an additional 49,977 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors.

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.