Marcus (NYSE:MCS) Downgraded by ValuEngine

ValuEngine cut shares of Marcus (NYSE:MCS) from a buy rating to a hold rating in a research report released on Friday, ValuEngine reports.

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Separately, Zacks Investment Research lowered shares of Marcus from a hold rating to a sell rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $44.50.

Marcus stock traded up $0.10 during midday trading on Friday, hitting $34.31. 119,482 shares of the stock were exchanged, compared to its average volume of 191,933. The company has a fifty day simple moving average of $35.75 and a two-hundred day simple moving average of $35.10. Marcus has a 52 week low of $31.90 and a 52 week high of $45.82. The stock has a market capitalization of $1.12 billion, a PE ratio of 17.69, a P/E/G ratio of 1.40 and a beta of 0.53. The company has a quick ratio of 0.39, a current ratio of 0.36 and a debt-to-equity ratio of 0.77.

Marcus (NYSE:MCS) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.09). Marcus had a return on equity of 8.86% and a net margin of 5.44%. The firm had revenue of $211.46 million for the quarter, compared to the consensus estimate of $209.59 million. As a group, equities research analysts anticipate that Marcus will post 1.72 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Financial Gravity Wealth Inc. lifted its stake in Marcus by 3,288.9% in the second quarter. Financial Gravity Wealth Inc. now owns 915 shares of the company’s stock valued at $30,000 after buying an additional 888 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Marcus in the second quarter valued at approximately $38,000. NumerixS Investment Technologies Inc bought a new position in Marcus in the second quarter valued at approximately $56,000. Campbell & CO Investment Adviser LLC bought a new position in Marcus in the third quarter valued at approximately $237,000. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Marcus by 7.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,900 shares of the company’s stock valued at $255,000 after buying an additional 490 shares in the last quarter. 64.60% of the stock is currently owned by institutional investors and hedge funds.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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