Marcus (MCS)

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.

Company profile

Ticker

MCS

Exchange

NYSE

Website

www.marcuscorp.com

CEO

Gregory Marcus

Incorporated

Wisconsin

Location

Wisconsin

Fiscal year end

Dec 29

Sector

Information > Motion Picture Theaters (except Drive-Ins)

Industry (SIC)

Services - Motion Picture Theaters

AMC Entertainment • Cinemark • Reading International • Galaxy Next Generation • Regal Entertainment • Regal Cinemas ...

SEC CIK

0000062234

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

B&G Realty, LLC • Corners of Brookfield, LLC • First American Finance Corporation • Hospitalitas Indemnity, Inc. • Marcus Consid, LLC • Marcus Hotels, Inc. • Marcus Restaurants, Inc. • Marcus Theatres Corporation • MCS Capital, LLC • Moorhead Green, LLC ...

IRS number

391139844

MCS stock data

1M 1Y 5Y

News

From Benzinga Pro

B. Riley Securities Maintains Buy on Marcus, Lowers Price Target to $26

21 Jun 22

B. Riley Securities analyst Eric Wold maintains Marcus (NYSE:MCS) with a Buy and lowers the price target from $29 to $26.

Looking Into Marcus's Return On Invested Capital

27 May 22

Benzinga Pro data, Marcus (NYSE:MCS) reported Q1 sales of $132.24 million. Earnings fell to a loss of $14.90 million, resulting in a 331.25% decrease from last quarter. In Q4, Marcus earned $6.44 million, and total sales reached $169.05 million.

Stocks That Hit 52-Week Lows On Tuesday

24 May 22

On Tuesday, 540 companies set new 52-week lows.

Marcus: Q1 Earnings Insights

5 May 22

Marcus Q1 EPS $(0.48) Misses $(0.36) Estimate, Sales $132.20M Beat $113.51M Estimate

5 May 22

Press releases

From Benzinga Pro

The Marcus Corporation to Participate in Upcoming Investor Conferences

27 May 22

The Marcus Corporation (NYSE:MCS) today announced that company executives will participate in three upcoming investor conferences in June 2022. 14th Annual Gabelli Funds Entertainment & Broadcasting

Gabelli Funds to Host 14th Annual Entertainment & Broadcasting Symposium Thursday, June 2, 2022

25 May 22

Gabelli Funds will host its 14th Annual Entertainment & Broadcasting Symposium at the Harvard Club in New York City on Thursday, June 2, 2022. The symposium will feature discussions with leading companies and

Statement from The Marcus Corporation Regarding the Death of David Baum, Director

23 May 22

The Marcus Corporation (NYSE:MCS) issued the following statement today regarding the untimely death of David Baum, member of its Board of Directors. Mr. Baum's death was the result of a car accident yesterday, May 19,

The Marcus Corporation to Participate at 22nd Annual B. Riley Securities Institutional Investor Conference

20 May 22

Gabelli Funds to Host 14th Annual Entertainment & Broadcasting Symposium Thursday, June 2, 2022

18 May 22

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 May 22

26 Jun 22

29 Dec 22

Financial summary

Financial statements Chart MCS financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	24.25M	24.25M	24.25M	24.25M	24.25M	24.25M
Cash burn (monthly)	(no burn)	(no burn)	7.15M	2.74M	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	20.56M	7.86M	n/a	n/a
Cash remaining	n/a	n/a	3.7M	16.39M	n/a	n/a
Runway (months of cash)	n/a	n/a	0.5	6.0	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Marcus earnings reports.

Recent insider trades

MCS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 May 22	Milstein Philip L	Common Stock	Option exercise	Acquire M	No	No	13.33	500	6.67K	58,327
26 May 22	Milstein Philip L	Stock Option Common Stock	Option exercise	Dispose M	No	No	13.33	500	6.67K	0
19 May 22	Selig Allan H	Common Stock	Option exercise	Acquire M	No	No	13.33	500	6.67K	44,493
19 May 22	Selig Allan H	Stock Option Common Stock	Option exercise	Dispose M	No	No	13.33	500	6.67K	0
16 May 22	Stark Brian Jay	Common Stock	Option exercise	Acquire M	No	No	13.33	500	6.67K	26,384
16 May 22	Stark Brian Jay	Stock Option Common Stock	Option exercise	Dispose M	No	No	13.33	500	6.67K	0
16 May 22	Hoeksema Timothy E	Common Stock	Option exercise	Acquire M	No	No	13.45	1,000	13.45K	30,734
16 May 22	Hoeksema Timothy E	Common Stock	Option exercise	Acquire M	No	No	13.33	500	6.67K	29,734
16 May 22	Hoeksema Timothy E	Stock Option Common Stock	Option exercise	Dispose M	No	No	13.45	1,000	13.45K	0
16 May 22	Hoeksema Timothy E	Stock Option Common Stock	Option exercise	Dispose M	No	No	13.33	500	6.67K	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

MCS institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	148	147	+0.7%
Opened positions	16	29	-44.8%
Closed positions	15	17	-11.8%
Increased positions	45	44	+2.3%
Reduced positions	54	47	+14.9%

13F shares	Current	Prev Q	Change
Total value	542.46M	2.2B	-75.3%
Total shares	29.8M	30.08M	-0.9%
Total puts	23K	34.8K	-33.9%
Total calls	99.1K	77.4K	+28.0%
Total put/call ratio	0.2	0.4	-48.4%

Largest owners	Shares	Value	Change
Stephen H Marcus	4.17M	$74.5M	0.0%
BLK Blackrock	4.04M	$71.54M	+4.7%
Diane M Gershowitz	2.01M	$35.94M	0.0%
Vanguard	1.59M	$28.21M	+4.1%
Searchlight Capital Partners	1.38M	$24.43M	0.0%
Dimensional Fund Advisors	1.33M	$23.53M	+5.8%
Corre Partners Management	1.03M	$18.23M	0.0%
GBL Gamco Investors	912.68K	$16.15M	-0.9%
Victory Capital Management	882.74K	$15.62M	-2.3%
FMR	849.63K	$15.04M	+0.9%

Largest transactions	Shares	Bought/sold	Change
BLK Blackrock	4.04M	+181.47K	+4.7%
Invenire Partners	0	-172.13K	EXIT
Lord, Abbett & Co.	735.71K	-169.2K	-18.7%
Millennium Management	175.17K	-122.21K	-41.1%
JPM JPMorgan Chase & Co.	696.85K	+84.71K	+13.8%
BNP Paribas Arbitrage	12.21K	-80.83K	-86.9%
Verdad Advisers	247.6K	-77.4K	-23.8%
Wedge Capital Management L L P	0	-75.8K	EXIT
Dimensional Fund Advisors	1.33M	+73.4K	+5.8%
Vanguard	1.59M	+62.24K	+4.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

CBRE • HFF • Cinemark • AMC Entertainment • Walker & Dunlop • Airbnb • Hilton Worldwide • VRBO • Newmark

Management Discussion

We report our consolidated and individual segment results of operations on a 52- or 53-week fiscal year ending on the last Thursday in December. Fiscal 2022 is a 52-week year beginning on December 31, 2021 and ending on December 29, 2022. Fiscal 2021 was a 52-week year that began on January 1, 2021 and ended on December 30, 2021.
We divide our fiscal year into three 13-week quarters and a final quarter consisting of 13 or 14 weeks. The first quarter of fiscal 2022 consisted of the 13-week period beginning on December 31, 2021 and ended on March 31, 2022. The first quarter of fiscal 2021 consisted of the 13-week period beginning January 1, 2021 and ended on April 1, 2021. Our primary
operations are reported in the following two business segments: movie theatres and hotels and resorts. Within this MD&A amounts for totals, subtotals, and variances may not recalculate exactly within tables due to rounding as they are calculated using the unrounded numbers.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

New words: Abbey, assistance, Batman, beneficiary, concentrated, Courtyard, debuted, dissipate, Doctor, Dominion, DoubleTree, Downton, Dumbledore, earning, El, Era, extent, Fantastic, flexibility, forma, Hedgehog, holiday, inflationary, Jurassic, Kimpton, Lightyear, Monaco, Multiverse, Omicron, partnership, Paso, Phone, Pittsburgh, pro, producing, recalculate, reinstatement, retain, rounding, Scream, smaller, Sonic, Sony, Strange, targeted, transparency, Uncharted, unrounded, upcoming, VIE, voting, waited, withholding

Removed: account, actively, add, adjustment, aggressive, Aid, amending, amortized, application, approach, arising, arrival, ASC, auditorium, bearing, begin, book, calculating, capacity, clarifying, closely, closing, comparing, condensed, congregation, content, continuation, creative, declaring, deducted, deducting, deduction, deferral, delayed, designed, detail, determined, direct, discounted, distancing, DLX, Domestic, DreamLounger, drew, elimination, embedded, encouraging, enforceable, evaluated, evident, exceeded, FASB, feature, FiveSM, Forecasting, foreseeable, forward, framework, freedom, furniture, growth, guest, impaired, implemented, indefinite, intangible, intent, issuing, key, laid, leasehold, life, limit, limiting, lobby, longer, Lounge, macroeconomic, mandating, measuring, modified, monitoring, movement, noncash, obtained, occurring, offer, operate, originally, outperformance, owner, par, payroll, policy, popcorn, previously, production, promoting, prospectively, quarantine, recapitalization, recliner, recognize, recover, reducing, Reel, releasing, remove, removing, restricting, resume, reviewing, revised, rollout, royalty, seating, separated, separately, separation, short, simplify, Simplifying, single, situation, Sizzle, Skirvin, steady, Subtopic, SuperScreen, surrendered, system, tracked, trade, unit, utilizing, vaccination, volatile, Wehrenberg, widespread

From filing 10-Q 2022 Q1

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