Marcus (NYSE:MCS) Stock Price Expected to Rise, Benchmark Analyst Says

Marcus (NYSE:MCS) had its price objective boosted by equities research analysts at Benchmark from $20.00 to $22.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 6.69% from the stock’s previous close.

Other analysts have also issued reports about the stock. Barrington Research reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Marcus in a research note on Thursday. B. Riley upped their target price on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, July 8th. Finally, StockNews.com upgraded Marcus from a “sell” rating to a “hold” rating in a report on Tuesday, September 24th.

Marcus Stock Up 9.3 %

MCS stock opened at $20.62 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.38. Marcus has a one year low of $9.56 and a one year high of $20.72. The firm has a 50-day moving average of $15.43 and a two-hundred day moving average of $13.07.

Marcus (NYSE:MCS) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). Marcus had a negative net margin of 1.44% and a positive return on equity of 1.39%. The firm had revenue of $176.03 million for the quarter, compared to analysts’ expectations of $170.74 million. During the same period in the prior year, the company posted $0.35 earnings per share. On average, research analysts expect that Marcus will post -0.03 EPS for the current year.

Hedge Funds Weigh In On Marcus

A number of hedge funds have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in Marcus in the third quarter worth approximately $432,000. nVerses Capital LLC bought a new stake in Marcus during the third quarter worth approximately $32,000. Creative Planning bought a new stake in Marcus during the third quarter worth approximately $159,000. CWM LLC boosted its position in Marcus by 98.8% during the third quarter. CWM LLC now owns 5,709 shares of the company’s stock worth $86,000 after purchasing an additional 2,837 shares during the period. Finally, Marquette Asset Management LLC bought a new stake in Marcus during the third quarter worth approximately $327,000. Institutional investors and hedge funds 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.