.jpg "Marcus Corp (NYSE: MCS)")
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 $33.61, close to its 52-week low of $32.13.
Wold observed:
“The Marcus Corporation (MCS) is scheduled to report 2Q19 results before the open on a conference call at 11:00am ET. Ahead of the print, we are lowering our 2Q19 estimates to account for the final domestic industry box office, which came in below original expectations due to a handful of disappointing releases during June. However, while we believe that weak domestic performance is well anticipated by investors at current valuations, we believe the combination of potential outperformance by the MCS circuit as recent acquisitions are further enhanced as well as an expected return to growth for the hotel/resort segment should take center stage with investors. With an expectation for stronger 2H19 box office trends and an improving FCF outlook coming out of peak cap-ex spending, we are reiterating our Buy rating and unchanged $46 PT.”
According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -5.9% and a 33.3% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and National Cinemedia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Marcus Corp with a $47.50 average price target.
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Marcus Corp’s market cap is currently $1.01B and has a P/E ratio of 21.33. The company has a Price to Book ratio of 1.69.
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.
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.
