Key Points
- Michael Reade Evans sold 7,671 shares of Marcus (NYSE:MCS) on April 15 at an average price of $19.04 for $146,055.84, cutting his stake by 14.35% to 45,801 shares (worth about $872k).
- Marcus reported quarterly EPS of -$0.06 (missing estimates of $0.07) but revenue beat at $193.5M; the company has a ~$608M market cap, a 1.6% dividend yield, and a MarketBeat consensus of "Moderate Buy" with an average target of $23.50.
Marcus Corporation (The) (NYSE:MCS - Get Free Report) insider Michael Reade Evans sold 7,671 shares of Marcus stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $19.04, for a total transaction of $146,055.84. Following the transaction, the insider directly owned 45,801 shares in the company, valued at $872,051.04. This trade represents a 14.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Michael Reade Evans also recently made the following trade(s):
- On Friday, March 20th, Michael Reade Evans sold 37 shares of Marcus stock. The shares were sold at an average price of $15.94, for a total value of $589.78.
Marcus Stock Performance
Shares of MCS stock opened at $19.81 on Friday. The company has a market capitalization of $608.27 million, a P/E ratio of 49.52, a PEG ratio of 2.53 and a beta of 0.55. Marcus Corporation has a fifty-two week low of $12.85 and a fifty-two week high of $20.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.40 and a current ratio of 0.40. The stock has a 50 day moving average price of $16.98 and a two-hundred day moving average price of $15.72.
Marcus (NYSE:MCS - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.13). The firm had revenue of $193.50 million during the quarter, compared to analysts' expectations of $185.19 million. Marcus had a net margin of 1.67% and a return on equity of 0.46%. Analysts expect that Marcus Corporation will post 0.36 earnings per share for the current year.
Marcus Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Wednesday, February 25th were issued a $0.08 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $0.32 annualized dividend and a yield of 1.6%. Marcus's dividend payout ratio is 80.00%.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on MCS shares. B. Riley Financial reaffirmed a "buy" rating on shares of Marcus in a research report on Friday. Weiss Ratings restated a "hold (c-)" rating on shares of Marcus in a research note on Monday, December 29th. Barrington Research restated an "outperform" rating and set a $24.00 price target on shares of Marcus in a research report on Monday, March 2nd. Finally, Zacks Research raised Marcus from a "strong sell" rating to a "hold" rating in a research note on Monday, March 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.50.
View Our Latest Report on Marcus
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Navalign LLC purchased a new stake in shares of Marcus in the 4th quarter worth $33,000. Russell Investments Group Ltd. boosted its stake in Marcus by 550.6% during the third quarter. Russell Investments Group Ltd. now owns 2,264 shares of the company's stock valued at $35,000 after buying an additional 1,916 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Marcus by 60.2% during the second quarter. Tower Research Capital LLC TRC now owns 2,494 shares of the company's stock valued at $42,000 after purchasing an additional 937 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Marcus by 656.0% in the 4th quarter. State of Alaska Department of Revenue now owns 5,761 shares of the company's stock valued at $88,000 after purchasing an additional 4,999 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in shares of Marcus by 67.6% in the fourth quarter. Meeder Asset Management Inc. now owns 10,109 shares of the company's stock valued at $157,000 after acquiring an additional 4,076 shares during the period. Institutional investors own 81.57% of the company's stock.
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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