Marcus Corp (NYSE:MCS) announced a quarterly dividend on Tuesday, May 7th, RTT News reports. Stockholders of record on Tuesday, May 28th will be given a dividend of 0.16 per share on Wednesday, June 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.83%.
Marcus has raised its dividend payment by an average of 13.5% annually over the last three years and has increased its dividend every year for the last 7 years. Marcus has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marcus to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 28.8%.
MCS traded up $0.13 during trading hours on Thursday, reaching $35.06. The company’s stock had a trading volume of 100,594 shares, compared to its average volume of 210,353. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.39 and a current ratio of 0.39. Marcus has a fifty-two week low of $30.90 and a fifty-two week high of $45.82. The stock has a market capitalization of $1.10 billion, a PE ratio of 18.07, a P/E/G ratio of 1.25 and a beta of 0.64.
In other Marcus news, Director Diane M. Gershowitz sold 29,540 shares of Marcus stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $41.24, for a total value of $1,218,229.60. Following the completion of the sale, the director now directly owns 207,955 shares of the company’s stock, valued at approximately $8,576,064.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diane M. Gershowitz sold 46,600 shares of Marcus stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $40.58, for a total transaction of $1,891,028.00. Following the completion of the sale, the director now directly owns 207,955 shares of the company’s stock, valued at $8,438,813.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 165,072 shares of company stock valued at $6,698,029. Corporate insiders own 29.04% of the company’s stock.
MCS has been the subject of several recent research reports. Barrington Research reiterated a “buy” rating and set a $49.00 target price on shares of Marcus in a research note on Thursday, February 21st. Benchmark raised their price objective on shares of Marcus to $45.00 and gave the company a “buy” rating in a research report on Friday, February 22nd. B. Riley set a $41.00 price objective on shares of Marcus and gave the company a “hold” rating in a research report on Saturday, February 2nd. ValuEngine downgraded shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Zacks Investment Research upgraded shares of Marcus from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $45.75.
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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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