Carmike Cinemas Inc. Sets New 1-Year High at $22.59 (CKEC)
Shares of Carmike Cinemas (NASDAQ:CKEC) hit a new 52-week high during mid-day trading on Monday, StockRatingsNetwork.com reports. The stock traded as high as $22.59 and last traded at $22.03, with a volume of 149,828 shares trading hands. The stock had previously closed at $22.41.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Carmike Cinemas from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 19th. They now have a $20.40 price target on the stock. Separately, analysts at Macquarie raised their price target on shares of Carmike Cinemas from $25.00 to $26.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Finally, analysts at B. Riley raised their price target on shares of Carmike Cinemas 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.91.
Carmike Cinemas has a one year low of $12.06 and a one year high of $22.59. The stock’s 50-day moving average is $20.52 and its 200-day moving average is $18.54. The company has a market cap of $398.4 million and a P/E ratio of 4.23.
Carmike Cinemas (NASDAQ:CKEC) last released its earnings data on Monday, July 22nd. The company reported $0.38 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.39 earnings per share. Carmike Cinemas’s revenue was up 25.8% compared to the same quarter last year. Analysts expect that Carmike Cinemas will post $0.75 EPS 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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