Carmike Cinemas Price Target Raised to $26.00 at Macquarie (CKEC)
Research analysts at Macquarie raised their price target on shares of Carmike Cinemas (NASDAQ:CKEC) from $25.00 to $26.00 in a report released on Tuesday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Macquarie’s target price points to a potential upside of 33.88% from the company’s current price.
A number of other analysts have also recently weighed in on CKEC. Analysts at B. Riley raised their price target on shares of Carmike Cinemas (NASDAQ:CKEC) from $23.00 to $28.00 in a research note to investors on Tuesday, August 6th. They now have a “buy” rating on the stock. Analysts at Ascendiant Capital Markets raised their price target on shares of Carmike Cinemas (NASDAQ:CKEC) from $20.00 to $24.00 in a research note to investors on Tuesday, July 9th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Carmike Cinemas currently has an average rating of “Buy” and an average target price of $23.33.
Carmike Cinemas (NASDAQ:CKEC) traded up 0.94% during mid-day trading on Tuesday, hitting $19.42. 352,503 shares of the company’s stock traded hands. Carmike Cinemas has a one year low of $11.04 and a one year high of $20.89. The stock has a 50-day moving average of $18.23 and a 200-day moving average of $17.70. The company has a market cap of $347.0 million and a price-to-earnings ratio of 3.63.
Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings results on Monday, July 22nd. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.41 by $0.03. The company had revenue of $170.50 million for the quarter, compared to the consensus estimate of $162.50 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 25.8% on a year-over-year basis. On average, analysts predict that Carmike Cinemas will post $0.75 earnings per share for the current fiscal year.
Carmike Cinemas, Inc is a motion picture exhibitors in the United States. As of December 31, 2011, the Company owned, operated or had an interest in 237 theatres with 2,254 screens located in 35 states.
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