Marcus (NYSE:MCS) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Marcus (NYSE:MCS) from a buy rating to a hold rating in a research report report published on Friday morning, Zacks.com reports.

According to Zacks, “The Marcus Corporation engages in the lodging and entertainment industries. It operates through two segments: Movie Theatres, and Hotels and Resorts. The Company’s movie theatre division owns or manages screens at locations in several states, as well as a family entertainment center. Marcus’ lodging division owns or manages hotels and resorts in several states, as well as a vacation club. It also provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development. The Marcus Corporation is headquartered in Milwaukee, Wisconsin. “

Other equities research analysts also recently issued research reports about the stock. B. Riley reaffirmed a buy rating on shares of Skechers USA in a research note on Friday, April 26th. ValuEngine raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Friday, May 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $44.50.

Shares of NYSE:MCS opened at $32.20 on Friday. Marcus has a 52 week low of $31.90 and a 52 week high of $45.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.39 and a quick ratio of 0.39. The company has a market capitalization of $1.00 billion, a P/E ratio of 16.60, a PEG ratio of 1.15 and a beta of 0.58. The firm has a 50 day moving average price of $33.56.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, April 25th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $171.20 million. As a group, equities analysts forecast that Marcus will post 1.89 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Bessemer Group Inc. increased its position in Marcus by 7.3% during the second quarter. Bessemer Group Inc. now owns 58,200 shares of the company’s stock worth $1,918,000 after acquiring an additional 3,945 shares during the period. WINTON GROUP Ltd increased its position in Marcus by 194.9% during the second quarter. WINTON GROUP Ltd now owns 17,655 shares of the company’s stock worth $582,000 after acquiring an additional 11,668 shares during the period. Marshall Wace North America L.P. bought a new position in Marcus during the first quarter worth about $99,000. Marshall Wace LLP bought a new position in Marcus during the first quarter worth about $1,573,000. Finally, Westwood Holdings Group Inc. increased its position in Marcus by 28.9% during the first quarter. Westwood Holdings Group Inc. now owns 698,515 shares of the company’s stock worth $27,976,000 after acquiring an additional 156,626 shares during the period. 64.77% of the stock is 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.

See Also: Net Margin

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