ValuEngine Lowers Marcus (MCS) to Hold

Marcus (NYSE:MCS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday, ValuEngine reports.

Several other research firms have also commented on MCS. Barrington Research reissued a “buy” rating and issued a $49.00 target price on shares of Marcus in a report on Thursday, February 21st. Zacks Investment Research raised shares of Marcus from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Thursday, April 25th. B. Riley raised shares of Marcus from a “neutral” rating to a “buy” rating and raised their target price for the company from $41.00 to $46.00 in a report on Friday, April 26th. Finally, Benchmark raised their target price on shares of Marcus to $45.00 and gave the company a “buy” rating in a report on Friday, February 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $45.75.

MCS stock opened at $36.50 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39. Marcus has a 12 month low of $30.90 and a 12 month high of $45.82. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.81, a PEG ratio of 1.25 and a beta of 0.64.

Marcus (NYSE:MCS) last released its earnings results on Thursday, April 25th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. Marcus had a net margin of 6.41% and a return on equity of 9.97%. The firm had revenue of $170.04 million for the quarter, compared to analyst estimates of $171.20 million. Equities research analysts forecast that Marcus will post 1.91 earnings per share for the current fiscal year.

In related news, Director Diane M. Gershowitz sold 13,491 shares of Marcus stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $41.50, for a total transaction of $559,876.50. Following the sale, the director now directly owns 207,955 shares of the company’s stock, valued at approximately $8,630,132.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diane M. Gershowitz sold 4,418 shares of Marcus stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $40.00, for a total transaction of $176,720.00. Following the sale, the director now directly owns 207,955 shares in the company, valued at $8,318,200. The disclosure for this sale can be found here. Over the last three months, insiders sold 165,072 shares of company stock worth $6,698,029. Insiders own 29.04% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its holdings in shares of Marcus by 4.0% during the 4th quarter. State of Alaska Department of Revenue now owns 6,679 shares of the company’s stock valued at $263,000 after purchasing an additional 255 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Marcus by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 13,894 shares of the company’s stock valued at $549,000 after purchasing an additional 305 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Marcus by 1.2% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 31,275 shares of the company’s stock valued at $1,246,000 after purchasing an additional 385 shares during the last quarter. New York State Teachers Retirement System grew its holdings in shares of Marcus by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 66,406 shares of the company’s stock valued at $2,660,000 after purchasing an additional 420 shares during the last quarter. Finally, Private Capital Group LLC grew its holdings in shares of Marcus by 56.7% during the 4th quarter. Private Capital Group LLC now owns 1,255 shares of the company’s stock valued at $50,000 after purchasing an additional 454 shares during the last quarter. 57.00% of the stock is currently owned by institutional investors.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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