Marcus (NYSE:MCS) Downgraded to “Hold” at ValuEngine

ValuEngine downgraded shares of Marcus (NYSE:MCS) from a buy rating to a hold rating in a report issued on Friday morning, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Marcus from a hold rating to a sell rating in a report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Marcus presently has a consensus rating of Hold and a consensus target price of $44.50.

Marcus stock traded up $0.10 during mid-day trading on Friday, reaching $34.31. The company had a trading volume of 119,482 shares, compared to its average volume of 191,933. 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 has a 52 week low of $31.90 and a 52 week high of $45.82. The company has a 50 day moving average of $35.75 and a 200-day moving average of $35.10. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.40 and a beta of 0.53.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.09). Marcus had a net margin of 5.44% and a return on equity of 8.86%. The company had revenue of $211.46 million during the quarter, compared to the consensus estimate of $209.59 million. On average, analysts predict that Marcus will post 1.72 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Boston Advisors LLC lifted its holdings in shares of Marcus by 2.2% during the 3rd quarter. Boston Advisors LLC now owns 57,196 shares of the company’s stock worth $2,117,000 after acquiring an additional 1,208 shares during the period. Mason Street Advisors LLC lifted its holdings in shares of Marcus by 7.2% during the 3rd quarter. Mason Street Advisors LLC now owns 7,804 shares of the company’s stock worth $289,000 after acquiring an additional 524 shares during the period. SG Americas Securities LLC bought a new position in shares of Marcus during the 3rd quarter worth about $1,896,000. 6 Meridian bought a new position in shares of Marcus during the 3rd quarter worth about $560,000. Finally, Texas Permanent School Fund lifted its holdings in shares of Marcus by 5.7% during the 3rd quarter. Texas Permanent School Fund now owns 15,644 shares of the company’s stock worth $579,000 after acquiring an additional 843 shares during the period. 64.60% of the stock is owned by institutional investors.

Marcus Company Profile

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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