Carmike Cinemas Inc. Sets New 1-Year High at $28.95 (CKEC)
Carmike Cinemas (NASDAQ:CKEC) set a new 52-week high during trading hours on Tuesday, American Banking and Market News reports. The company traded as high as $28.95 and last traded at $28.35, with a volume of 279,666 shares. The stock had previously closed at $27.77.
A number of analysts have recently weighed in on CKEC shares. Analysts at Benchmark Co. initiated coverage on shares of Carmike Cinemas in a research note to investors on Tuesday. They set a “buy” rating and a $33.01 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of Carmike Cinemas from $29.00 to $34.00 in a research note to investors on Monday, December 23rd. Finally, analysts at Zacks downgraded shares of Carmike Cinemas from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 18th. They now have a $26.80 price target on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Carmike Cinemas presently has a consensus rating of “Buy” and an average price target of $25.98.
Carmike Cinemas has a 52-week low of $14.95 and a 52-week high of $28.45. The stock’s 50-day moving average is $25.09 and its 200-day moving average is $21.50. The company has a market cap of $653.2 million and a P/E ratio of 5.48.
Carmike Cinemas (NASDAQ:CKEC) last announced its earnings results on Tuesday, November 5th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.25 by $0.09. The company had revenue of $165.00 million for the quarter, compared to the consensus estimate of $157.92 million. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 30.2% on a year-over-year basis. Analysts expect that Carmike Cinemas will post $0.66 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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