Stonex raises Marcus Corp. stock estimates on strong box office

Stonex analyst Mike Hickey has increased his rating on Marcus Corp. stock to Buy and boosted the price target to $33.00, citing robust box office performance. The firm revised its third-quarter fiscal 2026 revenue forecast to $233 million from $208 million and adjusted EBITDA to $42 million from $37 million. Marcus reported $106.4 million in EBITDA over the past year.

Hickey estimates a 22% increase in admission revenue for the upcoming quarter compared to the national box office growth of 28%, taking into account The Odyssey's significant IMAX contribution and premium ticket pricing. Marcus's hotel business faces a July 4th calendar challenge, but the Brewers' playoff success may provide a tailwind in the fourth quarter.

The firm anticipates domestic box office revenues of $10.03 billion in 2026 and $10.43 billion in 2027, reflecting a 15.9% and 4.0% growth, respectively. Stonex attributes this growth to a strong family slate and a major faith-based release in 2027, which could favor attendance and earnings in the Midwestern markets where Marcus operates.