Marcus’ (MCS) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Marcus (NYSE:MCS) in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a $24.00 price objective on the stock.

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

Marcus Stock Performance

NYSE MCS opened at $21.76 on Wednesday. Marcus has a 1 year low of $9.56 and a 1 year high of $22.62. 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 stock has a market capitalization of $685.00 million, a PE ratio of -64.00, a P/E/G ratio of 4.97 and a beta of 1.48. The company’s 50 day simple moving average is $16.97 and its two-hundred day simple moving average is $13.67.

Marcus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, November 25th. Marcus’s dividend payout ratio (DPR) is currently -82.35%.

Insider Activity

In other Marcus news, VP Thomas F. Kissinger sold 8,000 shares of the business’s stock in a transaction on 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 $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of Marcus

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in Marcus by 1.3% in the third quarter. Geode Capital Management LLC now owns 561,687 shares of the company’s stock worth $8,467,000 after purchasing an additional 7,320 shares during the last quarter. Barclays PLC lifted its stake 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 purchasing an additional 225,644 shares during the last quarter. Walleye Trading LLC increased its position in shares of Marcus by 14.5% in the third quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock valued at $512,000 after acquiring an additional 4,300 shares during the period. BNP Paribas Financial Markets increased its position 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 valued at $790,000 after acquiring an additional 49,977 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Marcus by 142.0% in 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 period. 81.57% of the stock is 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.