Marcus (NYSE:MCS) Price target reduced to $22.00 per reference

Benchmark reduced its price target for Marcus (NYSE:MCS), which it had previously set at $25.00, to $22.00 in a research report released on Friday. Benzinga posted about Benchmark’s decision. The stock currently has a “buy” rating from the company; he received this rating. Between the current price of the stock and the target price that Benchmark has set for it, there is a 54.17% chance that the price will rise.

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MCS is a topic that has been raised in discussions by various other analysts. Marcus was given a “c-” rating by TheStreet, an improvement from their previous “d+” rating, which was published in a research report on August 4. In a report distributed on Tuesday, June 21, B. Riley lowered their “buy” rating for Marcus shares and lowered their price target for the stock from $29.00 to $26.00. Both of these changes are the result of a lowering of their price target for the stock. A report on Friday, August 5, indicated that Marcus’ recommendation on had been changed from “hold” to “buy.” While one stock research expert suggested investors hold their current stocks, the other four rated the stock as a buy and encouraged investors to do so. According to information from Bloomberg, the company received an average “Moderate Buy” rating and the price target was set at $24.25.
When trading began on Friday, MCS’s stock price was initially set at $14.27. The company has seen a moving average of $15.80 over the past 200 days, while the moving average for the past fifty days is $16.14. Marcus hit an all-time high of $22.32 in 52 weeks and an all-time low of $13.41 in the same period. The current, fast and debt/current assets ratios all stand at 0.52, while the debt/current assets ratio stands at 0.49.

Marcus’ (NYSE:MCS) quarterly earnings report was last released on August 3, 2013, a Wednesday. The company reported earnings of $0.24 per share for the quarter, $0.16 higher than the average expectation of $0.08 per share held by industry analysts. The company’s sales in the quarter were significantly higher than analysts’ forecast of $174.66 million, down from $198.56 million. Marcus had a net margin of 0.35% and a negative return on equity of 1.02%. The company’s return on equity was negative. According to projections made by financial analysts, Marcus should generate earnings per share of approximately $0.01, according to projections made by financial analysts.

On top of that, Vice Chairman Thomas F. Kissinger sold 12,500 shares of the company on Friday, August 5. This information was included in a separate news item. Revenue was generated from the sale of a total of $221,375.00 of shares, which took place at an average price per share of $17.71. As a result, the vice president of the company is now the direct owner of 95,848 shares, and the total value of those shares is $1,697,468.08 in today’s money. If you follow this link, you will be redirected to the SEC filing where the sale was disclosed. Please click on the link to continue. About 28.57% of the shares of the company are currently held by people who work for the company.

Recently, several different hedge funds and institutional investors have increased the amount of MCS they currently hold in their portfolios or decreased the amount they currently hold in their portfolios. In the first three months of the year, Morgan Dempsey Capital Management LLC increased the percentage of Marcus shares it held by 24.7%. Morgan Dempsey Capital Management LLC now owns 4,858 shares of the company, which are worth $86,000 after purchasing an additional 962 shares of the company during the period in question. This brings the total number of shares held by the company to 4,858. Additionally, Quantbot Technologies LP spent approximately $127,500 to recruit and onboard a new employee named Marcus during the first three months of 2018. Compared to the quarter Previously, the first quarter saw a 17.9% increase in the Tennessee State Treasury Department’s holdings of Marcus. . After making additional purchases of 1,353 shares over time, the Tennessee State Treasury Department now holds a total of 8,926 shares of the company, which are currently valued at $158,000. These shares were acquired through a series of transactions that occurred over time. During the second quarter, 1492 Capital Management LLC successfully increased the percentage of Marcus shares it owns by 15.6%. 1492 Capital Management LLC now owns a total of 13,833 shares of the company, which have a current value of $204,000 after purchasing 1,862 additional shares during the period in question. Everence Capital Management Inc. made a new investment in Marcus during the second quarter of the year. The total value of this investment was approximately $209,000. At 75.23%, the shares of the company are held by institutional investors and hedge funds.

Hotels, resorts and movie theaters are just a few properties owned and operated by Marcus Corporation and its subsidiaries across the United States. The two main areas of activity are the hospitality industry, including hotels and resorts, and the performing arts. In addition to being responsible for the ownership and management of Funset Boulevard, a family entertainment complex, the Theaters segment is also responsible for the ownership and management of multiplex movie theaters.

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