Key Points
- Marcus VP Thomas Kissinger sold 25,000 shares on March 6 at an average price of $17.32 for proceeds of $433,000, leaving him with 199,700 shares (an 11.13% reduction in his position).
- The company missed EPS expectations last quarter (reported -$0.06 vs. $0.07 consensus) despite revenue beating estimates ($193.5M vs. $185.19M), and profitability remains weak with a 1.67% net margin and 0.46% ROE.
- Marcus pays a quarterly dividend of $0.08 (annualized $0.32, 1.9% yield) but has a high payout ratio (80%), while the stock trades around $16.62 versus a consensus target of $23.50 (average analyst view: Moderate Buy) and is 81.6% institutionally owned.
Marcus Corporation (The) (NYSE:MCS - Get Free Report) VP Thomas Kissinger sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $17.32, for a total transaction of $433,000.00. Following the completion of the transaction, the vice president owned 199,700 shares in the company, valued at $3,458,804. This represents a 11.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Marcus Trading Down 0.9%
Shares of MCS opened at $16.62 on Wednesday. The firm has a fifty day simple moving average of $15.87 and a two-hundred day simple moving average of $15.37. Marcus Corporation has a twelve month low of $12.85 and a twelve month high of $18.80. The stock has a market capitalization of $510.40 million, a P/E ratio of 41.55, a PEG ratio of 2.35 and a beta of 0.57. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.37.
Marcus (NYSE:MCS - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.13). The firm had revenue of $193.50 million for the quarter, compared to the consensus estimate of $185.19 million. Marcus had a net margin of 1.67% and a return on equity of 0.46%. On average, research analysts anticipate that Marcus Corporation will post 0.36 EPS for the current year.
Marcus Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $0.32 annualized dividend and a yield of 1.9%. Marcus's dividend payout ratio (DPR) is 80.00%.
Hedge Funds Weigh In On Marcus
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd increased its stake in shares of Marcus by 7.9% in the 4th quarter. Orbis Allan Gray Ltd now owns 1,915,765 shares of the company's stock worth $29,714,000 after acquiring an additional 141,064 shares in the last quarter. KLCM Advisors Inc. boosted its stake in Marcus by 7.0% during the fourth quarter. KLCM Advisors Inc. now owns 1,085,909 shares of the company's stock worth $16,842,000 after acquiring an additional 70,958 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Marcus by 12.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 915,835 shares of the company's stock worth $14,205,000 after purchasing an additional 100,480 shares during the period. American Century Companies Inc. increased its stake in shares of Marcus by 4.6% during the third quarter. American Century Companies Inc. now owns 912,696 shares of the company's stock valued at $14,156,000 after purchasing an additional 40,295 shares in the last quarter. Finally, Saber Capital Managment LLC purchased a new position in shares of Marcus during the fourth quarter valued at approximately $7,836,000. Hedge funds and other institutional investors own 81.57% of the company's stock.
Analyst Upgrades and Downgrades
MCS has been the topic of several research analyst reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Marcus in a research note on Monday, December 29th. Barrington Research reiterated an "outperform" rating and issued a $24.00 price target on shares of Marcus in a report on Monday, March 2nd. Finally, Zacks Research lowered shares of Marcus from a "hold" rating to a "strong sell" rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.50.
Check Out Our Latest Report on Marcus
Marcus Company Profile
(
Get Free Report)
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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.
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