Marcus Corp. (MCS) PT Raised to $45 at Benchmark

February 22, 2019 9:20 AM EST
Get Alerts MCS Hot Sheet
Price: $16.07 -2.25%

Rating Summary:
    4 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Benchmark analyst Mike Hickey raised the price target on Marcus Corp. (NYSE: MCS) to $45.00 (from $40.00) while maintaining a Buy rating following the company's 4Q report. Sales were $113M (Benchmark: $105M) or up 6.5% y/y; admissions and concessions sales were up 1% and 8%, respectively.

On 02/01, MCS completed the acquisition of the Movie Tavern circuit, adding 22 theaters over 208 screens and expanding their network by 23%. For fiscal 2018, Movie Tavern generated an estimated $145M to $150M in sales over a 10% to 15% EBITDA margin.

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