Marcus Corporation (The) (MCS) Raised to Hold at Zacks Investment Research

Marcus Corporation (The) (NYSE:MCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

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. “

MCS has been the subject of a number of other reports. TheStreet downgraded shares of Marcus Corporation (The) from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. Benchmark Co. reiterated a “buy” rating and set a $34.00 price target (down from $37.00) on shares of Marcus Corporation (The) in a report on Wednesday, October 4th. B. Riley reiterated a “buy” rating and set a $38.00 price target on shares of Marcus Corporation (The) in a report on Saturday, July 29th. ValuEngine downgraded shares of Marcus Corporation (The) from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Barrington Research lowered their price target on shares of Marcus Corporation (The) from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Marcus Corporation (The) has an average rating of “Buy” and a consensus price target of $35.67.

Marcus Corporation (The) (NYSE:MCS) last posted its earnings results on Thursday, October 26th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $153.82 million during the quarter, compared to the consensus estimate of $153.91 million. Marcus Corporation (The) had a net margin of 6.51% and a return on equity of 9.73%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS.

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A number of institutional investors have recently added to or reduced their stakes in MCS. Parametric Portfolio Associates LLC grew its holdings in Marcus Corporation (The) by 7.7% in the first quarter. Parametric Portfolio Associates LLC now owns 61,997 shares of the company’s stock valued at $1,990,000 after purchasing an additional 4,418 shares during the period. Prudential Financial Inc. grew its holdings in Marcus Corporation (The) by 11.5% in the first quarter. Prudential Financial Inc. now owns 56,481 shares of the company’s stock valued at $1,813,000 after purchasing an additional 5,820 shares during the period. OppenheimerFunds Inc. grew its holdings in Marcus Corporation (The) by 40.6% in the first quarter. OppenheimerFunds Inc. now owns 13,231 shares of the company’s stock valued at $424,000 after purchasing an additional 3,818 shares during the period. Principal Financial Group Inc. grew its holdings in Marcus Corporation (The) by 3.6% in the first quarter. Principal Financial Group Inc. now owns 144,770 shares of the company’s stock valued at $4,647,000 after purchasing an additional 5,059 shares during the period. Finally, TIAA CREF Investment Management LLC grew its holdings in Marcus Corporation (The) by 12.3% in the first quarter. TIAA CREF Investment Management LLC now owns 114,987 shares of the company’s stock valued at $3,691,000 after purchasing an additional 12,574 shares during the period. Hedge funds and other institutional investors own 59.45% of the company’s stock.

Marcus Corporation (The) Company Profile

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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