The Marcus Co. (MCS) to Issue Quarterly Dividend of $0.05 on June 15th

Posted by Adam Dyson on May 25th, 2023

The Marcus Co. (NYSE:MCS – Get Rating) announced a quarterly dividend on Tuesday, May 23rd, Wall Street Journal reports. Investors of record on Friday, June 2nd will be paid a dividend of 0.05 per share on Thursday, June 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Thursday, June 1st.

Marcus has decreased its dividend payment by an average of 46.1% annually over the last three years. Marcus has a payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Marcus to earn $0.53 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 37.7%.

Marcus Trading Up 0.3 %

NYSE:MCS opened at $16.01 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a 50-day simple moving average of $16.41 and a 200-day simple moving average of $15.74. Marcus has a one year low of $13.62 and a one year high of $18.23.

Marcus (NYSE:MCS – Get Rating) last posted its earnings results on Thursday, March 2nd. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.08. The company had revenue of $162.95 million during the quarter, compared to analyst estimates of $157.89 million. Marcus had a positive return on equity of 0.04% and a negative net margin of 0.94%. On average, equities research analysts forecast that Marcus will post 0.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MCS. Benchmark reissued a “buy” rating and issued a $20.00 price objective on shares of Marcus in a research report on Monday, March 6th. TheStreet upgraded shares of Marcus from a “d+” rating to a “c-” rating in a report on Thursday, April 6th. B. Riley upped their price objective on shares of Marcus from $24.00 to $27.00 and gave the company a “buy” rating in a report on Monday, April 10th. StockNews.com began coverage on shares of Marcus in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Barrington Research reissued an “outperform” rating and issued a $19.00 price objective on shares of Marcus in a report on Tuesday, March 14th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Marcus has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Institutional Trading of Marcus

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Marcus during the third quarter valued at about $52,000. State of Wyoming boosted its position in shares of Marcus by 23.1% during the fourth quarter. State of Wyoming now owns 5,700 shares of the company’s stock worth $82,000 after buying an additional 1,071 shares during the period. Morgan Dempsey Capital Management LLC grew its stake in shares of Marcus by 24.7% in the first quarter. Morgan Dempsey Capital Management LLC now owns 4,858 shares of the company’s stock valued at $86,000 after buying an additional 962 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Marcus in the 1st quarter valued at $127,000. Finally, Tower Research Capital LLC TRC lifted its stake in Marcus by 48.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 9,185 shares of the company’s stock worth $128,000 after acquiring an additional 3,009 shares in the last quarter. 77.68% of the stock is currently owned by hedge funds and other institutional investors.

Marcus Company Profile

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Marcus Corp. engages in the lodging and entertainment industries. It operates through the following business segments: Theatres and Hotels & Resorts. The Theatres segment includes multiscreen motion picture theatres and a family entertainment center. The Hotels & Resorts segment owns and operates full service hotels and resorts.