Marcus said on May 23, 2023 that its board of directors declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Previously, the company paid $0.05 per share.
Shares must be purchased before the ex-div date of June 1, 2023 to qualify for the dividend. Shareholders of record as of June 2, 2023 will receive the payment on June 15, 2023.
At the current share price of $16.01 / share, the stock's dividend yield is 1.25%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.58%, the lowest has been 1.12%, and the highest has been 2.18%. The standard deviation of yields is 0.28 (n=120).
The current dividend yield is 1.18 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is -0.97. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
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What is the Fund Sentiment?
There are 367 funds or institutions reporting positions in Marcus. This is an increase of 4 owner(s) or 1.10% in the last quarter. Average portfolio weight of all funds dedicated to MCS is 0.15%, a decrease of 6.35%. Total shares owned by institutions decreased in the last three months by 2.04% to 30,321K shares. 
The put/call ratio of MCS is 0.27, indicating a bullish outlook.
Analyst Price Forecast Suggests 33.79% Upside
As of May 11, 2023, the average one-year price target for Marcus is 21.42. The forecasts range from a low of 20.20 to a high of $24.15. The average price target represents an increase of 33.79% from its latest reported closing price of 16.01.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Marcus is 773MM, an increase of 18.12%. The projected annual non-GAAP EPS is 0.55.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 1,767K shares representing 5.58% ownership of the company. In it's prior filing, the firm reported owning 1,819K shares, representing a decrease of 2.96%. The firm increased its portfolio allocation in MCS by 4.93% over the last quarter.
Corre Partners Management holds 1,030K shares representing 3.25% ownership of the company. No change in the last quarter.
Jpmorgan Chase holds 958K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 901K shares, representing an increase of 5.95%. The firm decreased its portfolio allocation in MCS by 86.28% over the last quarter.
Gamco Investors, Inc. Et Al holds 803K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 756K shares, representing an increase of 5.87%. The firm increased its portfolio allocation in MCS by 18.16% over the last quarter.
Bank Of Montreal holds 736K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 640K shares, representing an increase of 13.11%. The firm increased its portfolio allocation in MCS by 5.03% over the last quarter.
Marcus Background Information
(This description is provided by the company.)
Headquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. In addition to its lodging division, its theatre division, Marcus Theatres ®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 1,110 screens at 91 locations in 17 states under the Marcus Theatres, Movie Tavern® by Marcus and BistroPlex® brands.
Key filings for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
