Barrington analyst James Goss maintained a Buy rating on Marcus Corp (MCS) today and set a price target of $49. The company’s shares closed on Friday at $38.12.
Goss observed:
“We are reaffirming our OUTPERFORM investment rating and our 2019- based price target of $49: Our 2019-based blended multiple is roughly 10x. MCS also pays a $0.64 per share annual dividend, increased by 20% at the start of the year, which provides a 1.7% yield. The invigorated focus on its theatre assets has generated significant returns and long-term industry outperformance, and the emphasis on an asset-light approach to hotels has created monetization opportunities that can be utilized on theatre expansion.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 15.4% and a 67.1% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.
Currently, the analyst consensus on Marcus Corp is a Strong Buy with an average price target of $46.67, representing a 22.4% upside. In a report issued on April 26, B.Riley FBR also upgraded the stock to Buy with a $46 price target.
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Based on Marcus Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $8.72 million. In comparison, last year the company had a net profit of $9.82 million.
Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock. Last month, Timothy Hoeksema, a Director at MCS bought 500 shares for a total of $5,390.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Marcus Corp. engages in operating movie theatres, hotels, and resorts. It operates through the following business segments: Theatres, Hotels & Resorts, and Corporate Items. 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.
