.jpg "Marcus Corp (NYSE: MCS)")
In a report released today, Eric Wold from B.Riley FBR maintained a Hold rating on Marcus Corp (MCS), with a price target of $41. The company’s shares closed yesterday at $41.40.
Wold noted:
“Thursday morning (2/21), The Marcus Corporation (MCS) reported 4Q18 results that came in above both our estimates and consensus—due to strength in both the Theater and Hotels/Resorts divisions. Although we expect 1Q19 results to be negatively impacted by the combination of weak box office trends (with projections for a double-digit decline), the closure/renovation of one of the company’s hotels and the initial integration and de-leveraging associated with the Movie Tavern acquisition, we remain positive on the full-year outlook with an expectation for a new domestic box office record, the benefits of a re-branded hotel in Milwaukee and the flow-through of the Movie Tavern circuit during stronger box office quarters. Nevertheless, due solely to a relatively fair valuation at current levels, we are maintaining our Neutral rating and $41 PT.”
According to TipRanks.com, Wold ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -3.9% and a 38.5% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and AMC Entertainment.
Marcus Corp has an analyst consensus of Moderate Buy, with a price target consensus of $45.
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Based on Marcus Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $16.23 million. In comparison, last year the company had a net profit of $34.44 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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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.
