In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Marcus (MCS – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $16.07.
Wold covers the Consumer Cyclical sector, focusing on stocks such as Topgolf Callaway Brands, Vista Outdoor, and SeaWorld. According to TipRanks, Wold has an average return of 5.9% and a 46.71% success rate on recommended stocks.
Marcus has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.
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Based on Marcus’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.53 million and a GAAP net loss of $9.47 million. In comparison, last year the company earned a revenue of $198.56 million and had a net profit of $8.96 million
Based on the recent corporate insider activity of 31 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 2023, Allan Selig, a Director at MCS bought 1,000.00 shares for a total of $13,450.00.
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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.
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