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Stocks That Fell to 3-Year Lows in the Week of Nov. 1

Macerich Co. (NYSE:MAC), Six Flags Entertainment Corp. (NYSE:SIX), Grubhub Inc. (NYSE:GRUB) and Taubman Centers Inc. (NYSE:TCO) have declined to their three-year lows.

Macerich declined to $28.19

The price of Macerich shares declined to $28.19 on Nov. 1, which is only 4.7% above the three-year low of $26.87.

Macerich is an American self-managed real estate investment trust. It is the third-largest owner and operator of shopping centers in the U.S. and is a component of the S&P 500.


The company has a market cap of $3.98 billion; its shares were traded around $28.19 with a price-earnings ratio of 37.11 and a price-sales ratio of 4.22. The trailing 12-month dividend yield is 10.64%. The forward dividend yield is 10.91%.

On Oct. 31, Macerich announced financial results for the third quarter. Net income was $46.4 million, or 33 cents per diluted share, compared to net income of $74 million, or 52 cents per diluted share, in the prior-year quarter. Funds from operations was $133.2 million, or 88 cents per dilute share, compared to $149.6 million, or 99 cents per diluted share.

Six Flags Entertainment declined to $41.54

The price of Six Flags Entertainment shares declined to $41.54 on Nov. 1, which is only 2% above the three-year low of $40.72.

Six Flags is an American international amusement park corporation operating 25 parks in the U.S., Canada and Mexico. These parks include theme parks, amusement parks, water parks and a family entertainment center. The company is the largest amusement park company in the world based on the number of properties owned.

Six Flags has a market cap of $3.51 billion; its shares were traded around $41.54 with a price-earnings ratio of 13.19 and a price-sales ratio of 2.33. The trailing 12-month dividend yield is 7.90%. The forward dividend yield is 7.77%. Six Flags Entertainment had an annual average earnings growth of 14.40% over the past five years.

On Oct. 24, Six Flags announced it appointed Mike Spanos as president and CEO, effective Nov. 18, and as a member of the board of directors, effective immediately. Jim Reich-Anderson, the current chairman, president and CEO of the company, will resign as a director and an officer of the company. On the same day, Richard Roedel, a member of the board of directors since 2010, will be appointed non-executive chairman of the board.

Grubhub declined to $33.72

The price of Grubhub shares declined to $33.72 on Nov. 1, which is only 4.8% above the three-year low of $32.11.

Grubhub is an American web commerce platform for ordering and delivering restaurant food. The company has active users and associated restaurants across 1,700 cities in the U.S. and is a component of the Russell 1000.

Grubhub has a market cap of $3.08 billion; its shares were traded around $33.72 with a price-earnings ratio of 1123.99 and a price-sales ratio of 2.50. the company had an annual average earnings growth of 34.70% over the past five years.

On Oct. 10, Grubhub announced that New York City-based fast casual restaurant Just Salad is exclusively partnering with the company to launch a new virtual restaurant named Health Tribes. The online concept offers diet-specific recipes, including nutritionist-verified recipes for keto, vegan, gluten-free and paleo diets.

Taubman Centers declined to $36.10

The price of Taubman Centers shares declined to $36.10 on Nov. 1, which is only 2.1% above the three-year low of $35.35.

Taubman Centers is an American international real estate company that specializes in owning regional malls. The company has the highest-selling portfolio of malls, by square foot, of any mall company in the U.S. Many of the company's malls feature an upscale, bright, white color scheme with contemporary geometric ceiling designs and skylights.

The company has a market cap of $2.21 billion; its shares were traded around $36.10 with a price-earnings ratio of 48.81 and a price-sales ratio of 3.43. The trailing 12-month dividend yield is 7.42%. The forward dividend yield is 7.55%. Taubman Centers had an annual average earnings growth of 1% over the past 10 years.

On Oct. 29, Taubman Centers reported financial results for the third quarter. Net income per diluted share was $3.48, compared to net income per diluted share of 34 cents in the prior-year quarter. Funds from operations per diluted share was 88 cents, compared to $1.05 a year ago. Sales per square foot increased by 11.2%, while trailing 12-month tenant sales per square foot was $688, an increase of 12%.

Disclosure: I do not own stock in any of the companies mentioned in the article.

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This article first appeared on GuruFocus.