Zacks Investment Research Upgrades Marcus (MCS) to Buy

Marcus (NYSE:MCS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $32.00 price objective on the stock. Zacks Investment Research‘s price target indicates a potential upside of 14.90% from the stock’s previous close.

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 research analysts have also recently issued reports about the company. TheStreet raised Marcus from a “c” rating to a “b-” rating in a research report on Thursday, October 5th. B. Riley reissued a “buy” rating and set a $36.00 price target on shares of Marcus in a research report on Friday, October 27th. Benchmark reissued a “buy” rating and set a $34.00 price target (down from $37.00) on shares of Marcus in a research report on Wednesday, October 4th. Finally, ValuEngine cut Marcus from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.75.

Marcus (MCS) opened at $27.85 on Wednesday. Marcus has a 52-week low of $23.85 and a 52-week high of $34.90. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $785.03, a P/E ratio of 20.29, a P/E/G ratio of 1.23 and a beta of 0.72.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Marcus had a return on equity of 9.73% and a net margin of 6.51%. The firm had revenue of $153.82 million during the quarter, compared to analysts’ expectations of $153.91 million. During the same period in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. equities analysts predict that Marcus will post 1.52 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eqis Capital Management Inc. acquired a new stake in shares of Marcus in the third quarter valued at approximately $236,000. IndexIQ Advisors LLC lifted its position in shares of Marcus by 82.9% in the third quarter. IndexIQ Advisors LLC now owns 27,000 shares of the company’s stock valued at $748,000 after buying an additional 12,238 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Marcus in the third quarter valued at approximately $288,000. State Street Corp lifted its position in shares of Marcus by 2.2% in the second quarter. State Street Corp now owns 491,067 shares of the company’s stock valued at $14,829,000 after buying an additional 10,405 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Marcus by 23.5% in the second quarter. Parametric Portfolio Associates LLC now owns 76,590 shares of the company’s stock valued at $2,313,000 after buying an additional 14,593 shares during the last quarter. 60.15% of the stock is owned by institutional investors.

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About Marcus

The Marcus Corporation operates principally in two business segments: Theatres, and Hotels and Resorts. The Theatres segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Ohio, Minnesota, Iowa, North Dakota and Nebraska, and a family entertainment center in Wisconsin. The Hotels and Resorts segment owns and operates hotels and resorts in Wisconsin, Illinois, Oklahoma and Nebraska, and manages hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, Georgia, Florida and California.

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