Last Updated: 15 Nov 2024
Executive Summary
Marcus Corporation (MCS) is a leading entertainment and hospitality company with a market capitalization of $691.97 million. The company operates movie theaters, hotels, and resorts in the United States. MCS's latest stock price is $22.37, and analysts have a target price of $24, indicating a potential upside of 7.3%. The company has a strong balance sheet with low debt and a healthy cash flow. However, the company's profitability has been impacted by the COVID-19 pandemic.
Company Overview
Marcus Corporation was founded in 1935 and is headquartered in Milwaukee, Wisconsin. The company operates over 1,000 movie screens in 17 states and owns or manages 21 hotels and resorts. MCS also has a number of other businesses, including a restaurant division and a real estate development division.
Fundamental Analysis
MCS's financial performance has been mixed in recent years. The company's revenue has grown steadily, but its profitability has been impacted by the COVID-19 pandemic. In 2022, MCS reported a net loss of $43.5 million on revenue of $670.2 million. The company's operating margin was 14.6%, and its return on equity was -2.18%.
Technical Analysis
MCS's stock price has been trading in a range between $9.45 and $22.62 over the past 52 weeks. The stock is currently trading above its 50-day and 200-day moving averages, indicating a bullish trend. The stock's relative strength index (RSI) is 62, indicating that the stock is overbought.
Short Term Outlook
MCS's stock price is likely to continue to trade in a range in the short term. The company's financial performance is expected to improve in 2023 as the COVID-19 pandemic subsides. However, the stock's valuation is relatively high, and there is some risk of a pullback.
Long Term Outlook
MCS's long-term outlook is positive. The company is a leader in the entertainment and hospitality industries, and it has a strong balance sheet. The company's revenue and profitability are expected to grow in the long term as the economy recovers from the COVID-19 pandemic.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on MCS's stock. The average target price is $24, indicating a potential upside of 7.3%.
