Barrington analyst James Goss reiterated a Buy rating on Marcus (MCS) today and set a price target of $20.00. The company’s shares closed last Thursday at $13.03.
According to TipRanks.com, Goss has 0 stars on 0-5 stars ranking scale with an average return of -4.5% and a 43.4% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment, Clear Channel Outdoor, and Nexstar Media Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marcus with a $22.67 average price target, implying a 65.6% upside from current levels. In a report issued on August 5, B.Riley FBR also reiterated a Buy rating on the stock with a $27.00 price target.
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Based on Marcus’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.93 million and GAAP net loss of $27.03 million. In comparison, last year the company earned revenue of $233 million and had a net profit of $18.07 million.
Based on the recent corporate insider activity of 39 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 2020, Allan Selig, a Director at MCS bought 500 shares for a total of $5,570.
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Marcus Corp. engages in operating movie theatres, hotels, and resorts. It operates through the following business segments: Theatres and Hotels & Resorts. 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. The company was founded by Ben Marcus on November 1, 1935 and is headquartered in Milwaukee, WI.