Share on StockTwits

Equities research analysts at Macquarie increased their price target on shares of Carmike Cinemas (NASDAQ:CKEC) from $4.00 to $35.00 in a research note issued to investors on Tuesday, Analyst Ratings Network reports. Macquarie’s price objective would indicate a potential upside of 6.42% from the company’s current price.

Carmike Cinemas (NASDAQ:CKEC) traded up 10.07% during mid-day trading on Tuesday, hitting $32.89. The stock had a trading volume of 1,250,291 shares. Carmike Cinemas has a 1-year low of $16.14 and a 1-year high of $34.63. The stock’s 50-day moving average is $29.98 and its 200-day moving average is $27.32. The company has a market cap of $758.4 million and a P/E ratio of 103.03.

Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.10. The company had revenue of $158.92 million for the quarter, compared to the consensus estimate of $152.19 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts expect that Carmike Cinemas will post $1.18 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wedbush reiterated an “outperform” rating on shares of Carmike Cinemas in a research note on Tuesday. They now have a $34.00 price target on the stock, down previously from $35.50. Separately, analysts at B. Riley raised their price target on shares of Carmike Cinemas from $34.00 to $38.00 in a research note on Tuesday. Finally, analysts at Barrington Research raised their price target on shares of Carmike Cinemas from $33.00 to $38.00 in a research note on Friday, March 7th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Carmike Cinemas presently has an average rating of “Buy” and an average price target of $32.55.

Carmike Cinemas, Inc is a motion picture exhibitor in the United States. As of December 31, 2012, the Company owned, operated or had an interest in 249 theatres with 2,502 screens located in 35 states.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.