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7 stories mentioning MCSUpdated 5d ago

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Wire

Top Midday Gainers

Atkore (ATKR) shares rose more than 26% after the company said it has entered a definitive agreement to be acquired by Prysmian for $95 per share in an all-cash transaction with an enterprise value of about $3.8 billion.Intraday trading volume stood at over 5.51 million, compared with a daily average of about 423,000.Lindblad Expeditions (LIND) reported a narrower Q2 undistributed loss on Monday as a jump in sales beat market expectations, and the company raised its 2026 tour revenue guidance.Shares jumped 9.3%, with intraday trading volume rising to more than 1.0 million from the stock's daily average of about 892,000.Marcus Theatres, a division of Marcus (MCS), reported that the opening weekend of Spider-Man: Brand New Day set the record for the highest opening day and second-highest opening weekend for a single title ever at Marcus Theatres, according to a statement.Shares advanced 6.2% amid an increase in intraday trading volume to over 505,000 from a daily average of roughly 232,000.Price: $93.55, Change: $+20.59, Percent Change: +28.21%

$ATKR$LIND$MCS
Research

B. Riley Downgrades Marcus to Neutral From Buy, Adjusts Price Target to $29 From $27

Marcus (MCS) has an average rating of buy and mean price target of $27.80, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $28.60, Change: $-1.13, Percent Change: -3.81%

$MCS
June Domestic Box Office Likely to Set Up Best Second-Quarter Post COVID-19, B. Riley Says
US Markets

June Domestic Box Office Likely to Set Up Best Second-Quarter Post COVID-19, B. Riley Says

US box office revenue in June is likely to come in higher than previously projected, potentially setting up the best second-quarter performance after the COVID-19 pandemic, according to B. Riley Securities.Figures for the current ending month show box office collections are likely to come in at $1.05 billion, climbing 27% year over year and ahead of the brokerage's prior forecast of $1 billion, it said in a client note emailed Tuesday.B. Riley cited ongoing momentum for certain releases in May, such as the Comcast (CMCSA)-owned Universal Pictures' "Obsession" and the A24-distributed "Backrooms," behind the upgrade.The performance is expected to result in a quarterly domestic box office of around $3 billion, representing an annual gain of 10% and the "best (second quarter) post-COVID," B. Riley Managing Director Drew Crum said in the note. This would be a "positive for all names across our universe," especially AMC Entertainment (AMC), Cinemark (CNK) and Marcus (MCS), according to Crum.AMC shares edged down 0.3% in Tuesday trade, while Cinemark and Marcus declined 2% each.Box office collections totaled $155.2 million over the weekend, led by Walt Disney's (DIS) "Toy Story 5" with $70.8 million, according to BoxOfficeMojo, owned by Amazon (AMZN) company IMDb. Momentum for the film was "muted by an equity offering" by AMC, B. Riley said.Last week, AMC closed its registered direct offering of 95.3 million common shares for gross proceeds of around $200 million.Warner Bros.' (WBD) "Supergirl" raked in an estimated $37.1 million, which the brokerage views as "underwhelming" when compared with its reported $170 million production budget. Imax (IMAX) took in nearly $8 billion of the film's domestic box office, or roughly 20%, "representing its highest domestic opening weekend index of any superhero title" in the theater company's history, according to B. Riley.Price: $2.01, Change: $-0.02, Percent Change: -0.99%

$AMC$AMZN$CNK$DIS$IMAX$MCS$WBD
Wire

Marcus Theatres Posts Record June Opening Weekend Revenue With 'Toy Story 5'

Marcus (MCS) division Marcus Theatres hit record revenue for a June opening weekend with "Toy Story 5" across its locations, the theatre chain said Monday.The film's debut marked the highest opening box office for an animated film since 2019, and Marcus Theatres also posted record combined concession, merchandise, and food and beverage sales for a June opening weekend, it said.Marcus operates theatres across 17 states under its Marcus Theatres and Movie Tavern brands.Price: $23.93, Change: $+0.08, Percent Change: +0.34%

$MCS
Domestic Box Office Poised for Continued Momentum After May Beat, B. Riley Says
US Markets

Domestic Box Office Poised for Continued Momentum After May Beat, B. Riley Says

Domestic box office performance in May was stronger than expected, likely boding well for this month, with AMC Entertainment (AMC), Cinemark (CNK), and Marcus (MCS) seen as beneficiaries, B. Riley Securities said Monday.Preliminary figures for last month show box office collections of $1.06 billion, up 9% year over year and ahead of the brokerage's $890 million forecast."We believe it was ahead of market expectations, providing added confidence in near-term estimates and the summer slate," B. Riley Managing Director Drew Crum said in a note to clients. "A stronger June slate headlined by 'Toy Story 5,' plus an easier comp, suggests further positive momentum is plausible."B. Riley sees AMC, Cinemark and Marcus among the beneficiaries, according to the note.AMC shares were up nearly 14% in Monday afternoon trade, while Cinemark jumped 11%. Marcus rose 3.6%.The latest box office performance reflects carryover from April movies like Amazon (AMZN) MGM-distributed film "Project Hail Mary," and "Michael," as well as a solid sequel debut for "The Devil Wears Prada 2," and a strong opening weekend for A24's YouTube-inspired horror phenomenon "Backrooms," B. Riley said.The brokerage expects May box office performance to be issued this week, including a global total from Imax (IMAX) and separately a figure from Cineplex offering a read on the Canadian market, according to the note.B. Riley projects June domestic box office collections at $1 billion, which would mark a 20% annual gain amid an easier prior-year comparison and other upcoming high-profile titles like Amazon MGM's "Masters of the Universe" and Paramount's (PSKY) "Scary Movie."Box office performance will potentially be offset by the FIFA World Cup 2026, which kicks off June 11, according to the brokerage.Price: $1.96, Change: $+0.23, Percent Change: +13.01%

$AMC$AMZN$CNK$IMAX$MCS$PSKY
Wire

Marcus Keeps Quarterly Dividend at $0.08 per Share, Payable June 15 to Shareholders of Record as of June 1

Marcus Keeps Quarterly Dividend at $0.08 per Share, Payable June 15 to Shareholders of Record as of June 1

$MCS
Wire

Wedbush Raises Marcus Price Target to $23 From $22, Maintains Outperform Rating

Marcus (MCS) has an average rating of buy and mean price target of $24, according to analysts polled by FactSet.Price: $18.93, Change: $-0.30, Percent Change: -1.56%

$MCS

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