Marcus (NYSE:MCS) Stock, Quote.Headers.trade-ideas

Marcus

Marcus Corp is engaged in two business segments, which are Theatres and Hotels and Resorts. The Theatre segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, Ohio ands others, a family entertainment center in Wisconsin and a retail center in Missouri; Hotels and Resorts segment owns and operates full-service hotels and resorts in Wisconsin, Illinois, and Nebraska and manages full-service hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, California, and North Carolina. It generates maximum revenue from the Theatres segment.

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AMC Entertainment Holdings, Inc. (NYSE: AMC) is slated to release results for second-quarter 2024 on Aug 2, after the closing bell.

AMC Entertainment: A Must-Buy Before Q2 Earnings Premiere?

Marcus Corp

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MCMILLAN SHAKESPEARE LTD by McMillan Shakespeare Ltd

Benchmark analyst Mike Hickey maintains Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) with a Buy and raises the price target from $22 to $25.

Benchmark Maintains Buy on Marcus, Raises Price Target to $25

Barrington Research analyst James Goss maintains Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) with a Outperform and maintains $24 price target.

Barrington Research Maintains Outperform on Marcus, Maintains $24 Price Target

WIIM

Marcus Corporation share are trading higher after Benchmark maintained a Buy rating on the stock and raised its price target from $20 to $22.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Rosenblatt raised Apple Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) price target from $261 to $262. Rosenblatt analyst Barton Crockett maintained a Buy rating. Apple shares closed at $225.91 on Thursday. <a href="https://www.benzinga.com/quote/PATK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised the price target for Patrick Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PATK#NASDAQ">PATK</a>) from $150 to $155. BMO Capital analyst Tristan Thomas-Martin maintained an Outperform rating. Patrick Industries shares closed at $125.98 on Thursday. <a href="https://www.benzinga.com/quote/PATK/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Macquarie boosted the price target for Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) from $24 to $30. Macquarie analyst Paul Golding maintained an Outperform rating. Norwegian Cruise Line shares closed at $25.34 on Thursday. <a href="https://www.benzinga.com/quote/NCLH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barrington Research increased LeMaitre Vascular, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMAT#NASDAQ">LMAT</a>) price target from $92 to $93. Barrington Research analyst Michael Petusky maintained an Outperform rating. LeMaitre Vascular shares settled at $88.39 on Thursday. <a href="https://www.benzinga.com/quote/LMAT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna raised Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) price target from $540 to $605. Susquehanna analyst James Friedman maintained a Positive rating. Mastercard shares closed at $499.59 on Thursday. <a href="https://www.benzinga.com/quote/MA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Tigress Financial raised Travel + Leisure Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNL#NYSE">TNL</a>) price target from $58 to $64. Tigress Financial analyst Ivan Feinseth maintained a Buy rating. Travel + Leisure shares closed at $47.81 on Thursday. <a href="https://www.benzinga.com/quote/TNL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>RBC Capital increased the price target for Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) from $10 to $11. RBC Capital analyst Douglas Miehm maintained a Sector Perform rating. Bausch Health shares settled at $9.20 on Thursday. <a href="https://www.benzinga.com/quote/BHC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Macquarie cut Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) price target from $165 to $164. Macquarie analyst Chad Beynon maintained an Outperform rating. Hyatt shares closed at $145.45 on Thursday. <a href="https://www.benzinga.com/quote/MSHFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark increased the price target for The Marcus Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) from $20 to $22. Benchmark analyst Mike Hickey maintained a Buy rating. Marcus shares closed at $18.87 on Thursday. <a href="https://www.benzinga.com/quote/MCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group boosted Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) price target from $240 to $260. Evercore ISI Group analyst Mark Mahaney maintained an Outperform rating. Amazon shares closed at $186.40 on Thursday. <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Benchmark analyst Mike Hickey maintains Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) with a Buy and raises the price target from $20 to $22.

Benchmark Maintains Buy on Marcus, Raises Price Target to $22

Barrington Research analyst James Goss maintains Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) with a Outperform and maintains $20 price target.

Barrington Research Maintains Outperform on Marcus, Maintains $20 Price Target

Marcus shares are trading higher after the company reported better-than-expected Q3 revenue results.

Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) reported quarterly sales of $232.67 million which beat the analyst consensus estimate of $213.26 million by 9.10 percent. This is a 11.45 percent increase over sales of $208.77 million the same period last year.

Earnings Beats

Marcus Q3 Sales $232.67M Beat $213.26M Estimate

Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) is preparing to release its quarterly earnings on Thursday, 2024-10-31. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Marcus to report an earnings per share (EPS) of $0.46.
Marcus bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
In the previous earnings release, the company missed EPS by $0.20, leading to a 4.19% increase in the share price the following trading session.
Here's a look at Marcus's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.03</td>
<td>-0.37</td>
<td>-0.17</td>
<td>0.33</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.17</td>
<td>-0.38</td>
<td>-0.05</td>
<td>0.32</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>-1.0%</td>
<td>-2.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730315011_0.png" alt="eps graph" />
<h3>Analyst Views on Marcus</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Marcus.
With 3 analyst ratings, Marcus has a consensus rating of Outperform. The average one-year price target is $20.0, indicating a potential 18.98% upside.
<h3>Peer Ratings Comparison</h3>
The following analysis focuses on the analyst ratings and average 1-year price targets of and Vivid Seats, three prominent industry players, providing insights into their relative performance expectations and market positioning.
<ul>
<li>The prevailing sentiment among analysts is an Buy trajectory for Vivid Seats, with an average 1-year price target of $7.0, implying a potential 58.36% downside.</li>
</ul>
<h3>Insights: Peer Analysis</h3>
The peer analysis summary offers a detailed examination of key metrics for and Vivid Seats, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Marcus</td>
<td>Outperform</td>
<td>-14.96%</td>
<td>$79.16M</td>
<td>-4.45%</td>
</tr>
<tr>
<td>Vivid Seats</td>
<td>Buy</td>
<td>19.92%</td>
<td>$149.55M</td>
<td>-0.72%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Marcus is positioned at the bottom for Revenue Growth and Gross Profit, with negative growth rates in both metrics. However, it outperforms in terms of Consensus rating compared to its peer. Return on Equity is negative for Marcus, indicating lower profitability compared to its peer.
<h3>About Marcus</h3>
Marcus Corp is engaged in two business segments, which are Theatres and Hotels and Resorts. The Theatre segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota, Ohio ands others, a family entertainment center in Wisconsin and a retail center in Missouri; Hotels and Resorts segment owns and operates full-service hotels and resorts in Wisconsin, Illinois, and Nebraska and manages full-service hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, California, and North Carolina. It generates maximum revenue from the Theatres segment.
<h3>Marcus's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Marcus faced challenges, resulting in a decline of approximately -14.96% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Communication Services sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -11.49%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Marcus's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -4.45% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Marcus's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.95%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.83.
<a href="https://www.benzinga.com/quote/MCS/earnings">To track all earnings releases for Marcus visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Marcus

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Keybanc raised the price target for Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from $171 to $182. Keybanc analyst Jason Celino maintained an Overweight rating. Paylocity shares fell 1.3% to close at $162.87 on Tuesday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased the price target for Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) from $280 to $318. Baird analyst Timothy Wojs maintained a Neutral rating. Acuity Brands shares gained 8.7% to close at $299.35 on Tuesday. <a href="https://www.benzinga.com/quote/AYI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised The Marcus Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) price target from $18 to $20. Benchmark analyst Mike Hickey maintained a Buy rating. Marcus shares gained 0.5% to close at $15.15 on Tuesday. <a href="https://www.benzinga.com/quote/MCS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) price target from $130 to $107. B of A Securities analyst Heather Balsky downgraded the stock from Buy to Neutral. PVH shares fell 3.2% to close at $97.64 on Tuesday. <a href="https://www.benzinga.com/quote/PVH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Northland Capital Markets raised Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) price target from $270 to $400. Northland Capital Markets analyst Nehal Chokshi upgraded the stock from Market Perform to Outperform. Salesforce shares fell 1% to close at $270.87 on Tuesday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group raised the price target for M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) from $187 to $210. Evercore ISI Group analyst John Pancari upgraded the stock from In-Line to Outperform. M&amp;T Bank fell 3% to close at $172.72 on Tuesday. <a href="https://www.benzinga.com/quote/MTB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $515 to $520. Morgan Stanley analyst Brian Harbour maintained an Overweight rating. Domino&#8217;s shares gained 0.1% to close at $430.66 on Tuesday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler raised the price target for Prudential Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) from $121 to $127. Piper Sandler analyst John Barnidge maintained a Neutral rating. Prudential Financial shares fell 1.4% to close at $119.36 on Tuesday. <a href="https://www.benzinga.com/quote/PRU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna boosted Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) price target from $250 to $260. Susquehanna analyst Bascome Majors maintained a Neutral rating. Union Pacific shares fell 0.4% to close at $245.55 on Tuesday. <a href="https://www.benzinga.com/quote/UNP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities cut NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $104 to $100. B of A Securities analyst Lorraine Hutchinson maintained a Buy rating. NIKE shares gained 0.8% to close at $89.13 on Tuesday. <a href="https://www.benzinga.com/quote/NKE/analyst-ratings">See how other analysts view this stock</a>. </li>
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Benchmark analyst Mike Hickey maintains Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) with a Buy and raises the price target from $18 to $20.

Benchmark Maintains Buy on Marcus, Raises Price Target to $20

AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) is slated to release results for second-quarter 2024 on Aug 2, after the closing bell.
In the last reported quarter, the company&#39;s earnings missed the Zacks Consensus Estimate by 25.8%. The company&#39;s top line dropped 0.3% year over year. However, AMC&#39;s loss per share narrowed to 78 cents from a loss of $1.31 reported in the prior-year quarter.
AMC surpassed the earnings in the trailing three out of four quarters. The average surprise over this period is 38%, as shown in the chart below.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/42/73073.jpg?v=1545978690" />
Image Source: Zacks Investment Research
<h3>Trend in Estimate Revision</h3>
The Zacks Consensus Estimate for second-quarter loss is pegged at 10 cents per share against break-even earnings reported in the prior-year quarter. In the past seven days, loss estimates for the current quarter have narrowed by 27 cents. The consensus mark for revenues is pegged at $1.03 billion, indicating a 23.5% year-over-year decline.
<h3>What the Zacks Model Unveils</h3>
Our proven model doesn&#39;t conclusively predict an earnings beat for AMC Entertainment this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: AMC Entertainment has an Earnings ESP of 0.00%.
Zacks Rank: The company carries a Zacks Rank #2 at present.
<h3>Factors Influencing Q2 Performance</h3>
AMC&#39;s second-quarter 2024 performance is likely to have been hurt by prolonged actors and writer strikes in 2023. These strikes significantly reduced the number of new movies being released in theaters, which is likely to have negatively impacted the company&#39;s earnings in the quarter to be reported.
The company reported preliminary second-quarter 2024 results. Total revenues in the quarter are likely to be nearly $1,030.6 million compared with $1,347.9 million in the quarter ended Jun 30, 2023.
Despite weak preliminary second-quarter 2024 results, AMC saw an encouraging trend of increasing daily revenues in June 2024, suggesting a recovery in moviegoing activity. The industry box office for June was nearly on par with the combined total for April and May, contributing to improved financial performance for AMC during that month. During the Jun 13-16, 2024 period, AMC reported the highest attendance and admissions revenues across its U.S. and international locations.
AMC&#39;s focus on enhancing the guest experience and operational efficiency has been pivotal in its success. The company continues to innovate and diversify its offerings. Its retail popcorn initiative expanded to 6,500 points of distribution, including major retailers like Walmart, Amazon, Publix and Kroger. These efforts are likely to have aided the company&#39;s performance in the quarter to be reported.
<h3>Price Performance &amp; Valuation</h3>
In the past three months, AMC Entertainment&#39;s stock has surged 69.6% compared with the industry&#39;s increase of 3.5%. The company&#39;s price performance outshined other industry players, including Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>), The Marcus Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcs#NYSE">MCS</a>) and Live Nation Entertainment, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lyv#NYSE">LYV</a>).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/93/73072.jpg?v=317696522" />
Image Source: Zacks Investment Research
The company is currently trading at a forward 12-month price-to-sales ratio of 0.39X, well below the industry average of 1.38X, reflecting an attractive investment opportunity.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/93/73074.jpg?v=803017678" />
Image Source: Zacks Investment Research
<h3>Investment Thoughts</h3>
Although the company&#39;s top and the bottom line are likely to have registered a decline in second-quarter 2024, the company&#39;s prospects for the near-term future remain bright. AMC is benefiting from increased attendance from moviegoers, the availability of diverse film options and movie-themed merchandise offerings. Also, strong consumer spending on premium large-screen formats and innovative food and beverage options bode well.
Looking ahead, AMC is confident about the future of the movie theater industry. An extensive review of upcoming movie releases for 2024, 2025 and 2026 suggests a promising period ahead.&nbsp; AMC is also venturing into new revenue streams, such as concert films and special events. The company partnered with top musical artists to bring exclusive concert films and listening events to its theaters. Collaborations with stars like Taylor Swift, Beyonc&eacute; and Billie Eilish are opening new growth opportunities. These initiatives, alongside the launch of AMC Theaters Distribution, highlight AMC&#39;s commitment to innovative programming and revenue diversification, reinforcing its competitive edge in the industry. The recent rise in AMC&#39;s share price reflects growing investor confidence in the company&#39;s prospects. Given this optimism, adding AMC stock to your portfolio could be a wise decision.
<a href="https://www.zacks.com/stock/news/2314261/amc-entertainment-amc-a-must-buy-before-q2-earnings-premiere?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2314261">To read this article on Zacks.com click here.</a>

Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) reported quarterly losses of $(0.17) per share which missed the analyst consensus estimate of $0.03 by 666.67 percent. The company reported quarterly sales of $176.032 million which beat the analyst consensus estimate of $163.828 million by 7.45 percent. This is a 14.96 percent decrease over sales of $207.007 million the same period last year.

Earnings Misses

Marcus Q2 2024 Adj. EPS $(0.17) Misses $0.03 Estimate, Sales $176.032M Beat $163.828M Estimate

Benchmark analyst Mike Hickey reiterates Marcus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>) with a Buy and maintains $18 price target.

Reiteration

Benchmark Reiterates Buy on Marcus, Maintains $18 Price Target

A leading movie theater analyst is upgrading shares of Cinemark Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) and sharing commentary on the sector after recent animated hits "Inside Out 2" and "Despicable Me 4" could <a href="https://www.benzinga.com/general/entertainment/24/07/39670721/comcast-hits-big-with-despicable-me-4-can-stocks-movie-theaters-benefit-from-2024-blockbust">show strength for 2024.</a>
The Movie Theater Analyst: B. Riley Securities analyst Eric Wold has the following ratings and price targets on the movie theater sector:
<ul>
<li>AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>): Neutral rating, $8 price target</li>
<li>Cinemark: Upgrade from Neutral to Buy, raises price target from $16 to $27</li>
<li>Imax Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>): Buy rating, $30 price target</li>
<li>Marcus Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCS#NYSE">MCS</a>): Buy rating, $20 price target</li>
<li>National CineMedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCMI#NASDAQ">NCMI</a>): Buy rating, $7.50 price target</li>
</ul>
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39460328/cinemark-analyst-turns-bullish-on-box-office-strength-potential-dividend-comeback-s">Cinemark Analyst Turns Bullish On Box Office Strength, Potential Dividend Comeback: &#8216;Should Prosper Over The Next 2.5 Years&#8217;</a>
The Analyst Takeaways: Second-quarter domestic box office was $1.95 billion, which was below estimates of $2.35 billion and down 27% year-over-year, Wold said in the new investor note.
"While the quarter was a disappointment compared to the stronger-than-expected box office results experienced during 1Q24, we continue to chalk up the weak box office results to the relatively sparse film slate that was caused by production delays from the Hollywood strikes as opposed to any shifts in moviegoing behavior or moves by the studios to lock out theaters from key releases," Wold said.
Wold sees a more optimistic picture for the third and fourth quarters, while lowering the full year estimates for 2024 and 2025.
"We remain extremely positive about a box office rebound in 2025, due to the strong slate and delayed titles from 2024."
The analyst points to individual titles being a key to the strength in the second half of 2024. Wold raises domestic box office projections on the recently released "Despicable Me 4" from $260 million to $315 million and on "Inside Out 2" from $305 million to $625 million.
Another big box office prediction increase from the analyst is on "Deadpool &amp; Wolverine" taking the domestic estimate from $365 million to $475 million.
B. Riley on AMC: The analyst maintains a Neutral rating on AMC and lowers second quarter and full year estimates after the lower-than-expected box office results in the second quarter.
"We believe the combination of continued overall post-pandemic market share gains and the concentration of IMAX and other premium screens relative to peers should help the company counter the overachieving box office headwinds," Wold said.
The analyst said AMC has 51% market share of IMAX screens in the U.S.
Stronger guest monetization and management focusing on cost reductions are highlighted by the analyst.
"We are optimistic that the improved balance sheet will enhance the company's position in its discussions with debt holders."
B. Riley on CNK: The movie theater stock gets lowered estimates for adjusted EBITDA and revenue from the analyst for the second quarter and full fiscal year.
Cinemark is upgraded by the analyst on improved operational structure and strong management controls.
"We believe that management likely staffed the theaters and reduced operational expenses in anticipation of those trends – and we do not expect the weaker-than-expected results caught management by surprise," Wold said.
The analyst said the strong showing of "Inside Out 2" could provide higher margins for the movie theater stock.
Wold said valuations on movie theater stocks shifts to 2025 with Cinemark shares underestimated by investors.
B. Riley on IMAX: After the COVID-19 pandemic, one major trend for the movie theater industry is increased market share for premium screens, the analyst notes.
The analyst said Imax screens represent around 4.5% of domestic box office over the trailing two-year period, compared to around 3.3% market share for the two-year period before the pandemic.
"We believe the desire of moviegoers to gravitate toward premium auditoriums demonstrates a desire to escape streaming platforms, see tent pole films during the first release window, and see them in the best manner possible," Wold said.
The analyst also said accelerated installation of new Imax screens in the second half of 2024 could help the stock.
B. Riley on MCS: The analyst lowers second quarter and full year estimates for Marcus Corporation, but sees several reasons for optimism.
A slate that may have favored the circuit's regional demographic, and a hotel segment that continues to outperform within this post-pandemic travel environment should help the company counter the overarching box office headwinds," Wold said.
The analyst said Marcus could be a player in acquiring underperforming movie theaters from peer companies.
"Believe hotels and resorts segment remains overlooked by investors."
B. Riley on NCMI: The movie theater advertising company also gets estimates lowered by the analyst based on second quarter results. The analyst highlights some bright spots for the company in the new note.
"We believe the continued advertising budget share gains and success in boosting monetization for attendees in recent quarters should help the company counter the overarching box office headwinds," Wold said.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/07/39621420/wicked-gladiator-2-same-day-release-has-industry-vying-for-another-box-office-power-duo-bar">&#8216;Wicked,&#8217; &#8216;Gladiator 2&#8217; Same Day Release Has Industry Vying For Another Box Office Power Duo: Barbenheimer Take Two?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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