B.Riley FBR analyst Eric Wold reiterated a Buy rating on Marcus Corp (MCS) today and set a price target of $46. The company’s shares closed yesterday at $33.76, close to its 52-week low of $31.90.
Wold noted:
“Before the open on Corporation (MCS) reported 2Q19 results that came in nicely ahead of our recently-lowered revenue and adjusted EBITDA estimates. While that does not sound that impressive on the surface, our estimate reductions were solely based on final industry box office results for the quarter as well as an updated view of the construction impact around the St. Kate hotel—with the company delivering impressive industry outperformance for both the theater and hotel segments.”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -7.5% and a 32.1% 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 $47.50, which is a 40.7% upside from current levels. In a report released yesterday, Barrington also maintained a Buy rating on the stock with a $49 price target.
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Marcus Corp’s market cap is currently $915.9M and has a P/E ratio of 21.42. The company has a Price to Book ratio of 1.70.
Based on the recent corporate insider activity of 69 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 May 2019, Philip Milstein, 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.
