Carmike Cinemas Inc. (NASDAQ:CKEC) – Stock analysts at Barrington Research upped their Q3 2016 EPS estimates for shares of Carmike Cinemas in a report issued on Monday. Barrington Research analyst J. Goss now forecasts that the firm will post earnings per share of $0.13 for the quarter, up from their prior estimate of $0.02. Barrington Research also issued estimates for Carmike Cinemas’ Q4 2016 earnings at $0.11 EPS and FY2017 earnings at $0.65 EPS.
Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Carmike Cinemas from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 6th. Wedbush restated a “neutral” rating and set a $33.00 target price on shares of Carmike Cinemas in a research note on Thursday, September 22nd. Finally, B. Riley set a $32.75 target price on Carmike Cinemas and gave the company a “hold” rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Carmike Cinemas presently has an average rating of “Hold” and an average target price of $30.83.
Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 33.26 on Thursday. The stock has a market capitalization of $811.14 million, a P/E ratio of 665.20 and a beta of 1.39. Carmike Cinemas has a 1-year low of $18.52 and a 1-year high of $33.31. The firm’s 50-day moving average price is $32.35 and its 200 day moving average price is $30.80.
Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $204.70 million for the quarter, compared to analysts’ expectations of $209.35 million. Carmike Cinemas had a net margin of 0.15% and a return on equity of 3.65%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share.
A number of institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Carmike Cinemas by 1.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 87,045 shares of the company’s stock worth $2,622,000 after buying an additional 1,482 shares during the period. TIG Advisors LLC acquired a new position in shares of Carmike Cinemas during the second quarter worth about $3,919,000. Carlson Capital L P acquired a new position in shares of Carmike Cinemas during the second quarter worth about $11,054,000. Walleye Trading LLC boosted its position in shares of Carmike Cinemas by 94.4% in the second quarter. Walleye Trading LLC now owns 103,397 shares of the company’s stock worth $3,114,000 after buying an additional 50,197 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Carmike Cinemas by 75.1% in the second quarter. Barclays PLC now owns 3,502 shares of the company’s stock worth $106,000 after buying an additional 1,502 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.
About Carmike Cinemas
Carmike Cinemas, Inc is a motion picture exhibitor company. The Company owns and operates theatres and screens. Its theatres are equipped to provide digital cinema. It owns, operates or has an interest in approximately 280 theatres with over 2,940 screens located in over 40 states. In addition, it has approximately 260 theatres with over 1,090 screens equipped for three dimension (3-D).
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