Marcus (NYSE:MCS) Price Target Raised to $25.00

Marcus (NYSE:MCS) had its price objective upped by Benchmark from $22.00 to $25.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

MCS has been the topic of several other research reports. StockNews.com upgraded Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Marcus in a research report on Wednesday, November 13th.

Marcus Stock Up 2.6 %

Marcus stock opened at $22.48 on Monday. The company has a market capitalization of $707.67 million, a PE ratio of -65.32, a price-to-earnings-growth ratio of 4.99 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $22.79. The firm has a 50 day moving average price of $18.00 and a 200 day moving average price of $14.18.

Marcus Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, November 25th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.28 annualized dividend and a yield of 1.25%. Marcus’s payout ratio is -82.35%.

Insiders Place Their Bets

In related news, VP Thomas F. Kissinger sold 8,000 shares of Marcus stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total value of $178,480.00. Following the completion of the transaction, the vice president now owns 186,585 shares in the company, valued at $4,162,711.35. The trade was a 4.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Marcus

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Marcus by 53.0% in the 3rd quarter. GAMMA Investing LLC now owns 3,858 shares of the company’s stock valued at $58,000 after acquiring an additional 1,336 shares during the last quarter. nVerses Capital LLC acquired a new position in Marcus in the third quarter valued at approximately $32,000. Innealta Capital LLC purchased a new position in Marcus in the second quarter valued at approximately $30,000. CWM LLC raised its holdings in Marcus by 3,319.0% during the second quarter. CWM LLC now owns 2,872 shares of the company’s stock worth $33,000 after purchasing an additional 2,788 shares in the last quarter. Finally, Walleye Trading LLC lifted its position in shares of Marcus by 14.5% during the 3rd quarter. Walleye Trading LLC now owns 34,000 shares of the company’s stock worth $512,000 after buying an additional 4,300 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors and hedge funds.

Marcus Company Profile

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.