Marcus (NYSE:MCS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Marcus (NYSE:MCS – Get Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the stock.

A number of other research firms have also commented on MCS. B. Riley reduced their price objective on shares of Marcus from $25.00 to $24.00 and set a buy rating for the company in a research note on Tuesday, January 3rd. Barrington Research reaffirmed an outperform rating and set a $19.00 price objective on shares of Marcus in a research note on Tuesday, March 14th. Finally, Benchmark reissued a buy rating and issued a $20.00 price target on shares of Marcus in a research report on Monday, March 6th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $21.00.

Marcus Stock Performance

MCS stock traded down $0.44 during mid-day trading on Thursday, reaching $14.56. 1,162,965 shares of the stock traded hands, compared to its average volume of 397,766. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.41 and a quick ratio of 0.41. Marcus has a 52-week low of $13.41 and a 52-week high of $18.23. The stock’s fifty day moving average is $15.42 and its 200-day moving average is $15.26.

Marcus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Monday, March 13th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, March 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. Marcus’s payout ratio is -45.45%.

Insiders Place Their Bets

In other Marcus news, Director Bruce J. Olson sold 3,451 shares of the stock in a transaction that occurred on Wednesday, December 28th. The shares were sold at an average price of $14.00, for a total value of $48,314.00. Following the completion of the sale, the director now owns 1,618 shares in the company, valued at approximately $22,652. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 28.57% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Marcus by 102.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 7,531 shares of the company’s stock valued at $108,000 after purchasing an additional 3,810 shares in the last quarter. Truist Financial Corp bought a new position in shares of Marcus during the 4th quarter valued at $449,000. Alliancebernstein L.P. raised its holdings in shares of Marcus by 15.7% during the 4th quarter. Alliancebernstein L.P. now owns 21,589 shares of the company’s stock valued at $311,000 after purchasing an additional 2,922 shares in the last quarter. State of Wyoming raised its holdings in shares of Marcus by 23.1% during the 4th quarter. State of Wyoming now owns 5,700 shares of the company’s stock valued at $82,000 after purchasing an additional 1,071 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Marcus by 1,181.3% during the 4th quarter. Lazard Asset Management LLC now owns 700,628 shares of the company’s stock valued at $10,082,000 after purchasing an additional 645,946 shares in the last quarter. Institutional investors own 77.68% of the company’s stock.

Marcus Company Profile

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Marcus Corp. engages in the lodging and entertainment industries. It operates through the following business segments: Theatres and Hotels & Resorts. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts.