Carmike Cinemas Inc. (NASDAQ:CKEC)‘s stock had its “neutral” rating reaffirmed by equities researchers at Wedbush in a research note issued on Thursday. They currently have a $33.00 target price on the stock. Wedbush’s price target would indicate a potential upside of 0.92% from the stock’s current price.
A number of other equities research analysts have also recently commented on CKEC. Zacks Investment Research upgraded Carmike Cinemas from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. B. Riley set a $32.75 price target on Carmike Cinemas and gave the company a “hold” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Carmike Cinemas currently has a consensus rating of “Hold” and a consensus price target of $30.83.
Carmike Cinemas (NASDAQ:CKEC) traded up 0.12% on Thursday, reaching $32.70. The company had a trading volume of 98,257 shares. The stock’s 50 day moving average is $31.90 and its 200-day moving average is $30.57. Carmike Cinemas has a 1-year low of $18.52 and a 1-year high of $32.76. The stock has a market capitalization of $797.49 million, a P/E ratio of 654.00 and a beta of 1.37.
Carmike Cinemas (NASDAQ:CKEC) last released its quarterly earnings results on Monday, August 1st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. Carmike Cinemas had a net margin of 0.15% and a return on equity of 3.65%. The business earned $204.70 million during the quarter, compared to analysts’ expectations of $209.35 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts predict that Carmike Cinemas will post $0.25 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Magnetar Financial LLC bought a new stake in Carmike Cinemas during the first quarter valued at approximately $34,479,000. Mittleman Brothers LLC raised its stake in Carmike Cinemas by 33.0% in the second quarter. Mittleman Brothers LLC now owns 2,331,185 shares of the company’s stock valued at $70,215,000 after buying an additional 578,275 shares during the period. Renaissance Technologies LLC raised its stake in Carmike Cinemas by 360.2% in the first quarter. Renaissance Technologies LLC now owns 607,500 shares of the company’s stock valued at $18,249,000 after buying an additional 475,500 shares during the period. Carlson Capital L P bought a new stake in Carmike Cinemas during the second quarter valued at approximately $11,054,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Carmike Cinemas during the first quarter valued at approximately $10,757,000. 86.62% of the stock is currently owned by hedge funds and other institutional investors.
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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