Benchmark Reiterates Buy Rating on Marcus Corp. (MCS)

Benchmark analyst Mike Hickey reiterated a Buy rating and $25.00 price target on Marcus Corp. (NYSE: MCS).

The analyst commented, "We are raising our Q2 estimates for Marcus (MCS) to reflect a better-than-expected box office performance. We now forecast total sales of $199M (up from $181M) and AOIBDA of $27M (up from $22M). While we believe the company’s theatrical segment modestly underperformed broader industry trends, the box office materially exceeded our prior expectations. We also believe the hotel segment performed in line with expectations for the quarter. Marcus is a Best Idea, offering what we believe is unmatched upside from accelerating free cash flow, a deeply discounted valuation, and dual exposure to the box office recovery and high-margin hotel growth."

For an analyst ratings summary and ratings history on Marcus Corp. click here. For more ratings news on Marcus Corp. click here.

Shares of Marcus Corp. closed at $16.82 yesterday.

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