In a report released today, James Goss from Barrington maintained a Buy rating on Marcus Corp (MCS), with a price target of $49. The company’s shares closed yesterday at $35.84.
Goss commented:
“We hosted management on a series of investor meetings that largely supported our views of the potential opportunities for Marcus and the strategies designed to optimize its theatre platform and benefit from hotel management expertise established over many years.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 11.9% and a 58.6% success rate. Goss covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Sirius XM Holdings Inc, and iPic Entertainment Inc.
Currently, the analyst consensus on Marcus Corp is a Strong Buy with an average price target of $46.67.
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Marcus Corp’s market cap is currently $1.08B and has a P/E ratio of 22.74. The company has a Price to Book ratio of 1.80.
Based on the recent corporate insider activity of 72 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MCS in relation to earlier this year. Most recently, in March 2019, 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.
