Marcus (MCS) Received its Third Buy in a Row

After B.Riley Financial and Benchmark Co. gave Marcus (NYSE: MCS) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst James Goss reiterated a Buy rating on Marcus today and set a price target of $25.00. The company’s shares closed last Monday at $19.17.

According to TipRanks.com, Goss is a 3-star analyst with an average return of 5.0% and a 45.9% success rate. Goss covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and National Cinemedia.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Marcus with a $25.33 average price target, implying a 30.9% upside from current levels. In a report issued on May 6, Benchmark Co. also maintained a Buy rating on the stock with a $26.00 price target.

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Based on Marcus’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $36.7 million and GAAP net loss of $39.02 million. In comparison, last year the company earned revenue of $207 million and had a net profit of $7.8 million.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MCS in relation to earlier this year. Most recently, in March 2021, Douglas Neis, the CFO & Treasurer of MCS bought 54,000 shares for a total of $664,680.

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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.