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 $41.04.
Wold commented:
“The Marcus Corporation (MCS) is scheduled to report 1Q19 results before the open on Thursday, 4/25, with a conference call at 11:00am ET. Although 1Q19 results were adversely impacted by the combination of weak box office trends (with results slightly worse than our original projection), the closure/renovation of the Saint Kate Arts Hotel, and the initial integration of 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 the re-branded hotel in Milwaukee, the flow-through of the Movie Tavern circuit during stronger box office quarters—and now the potential for less of a competitive impact in the Milwaukee hotel market than we originally feared. 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 -4.4% and a 40.1% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
Currently, the analyst consensus on Marcus Corp is a Moderate Buy with an average price target of $45.
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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.
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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.
