Share on StockTwits

Shares of Carmike Cinemas (NASDAQ:CKEC) have earned a consensus recommendation of “Buy” from the twelve ratings firms that are covering the company, Analyst Ratings Net reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $33.83.

Shares of Carmike Cinemas (NASDAQ:CKEC) traded down 2.62% on Tuesday, hitting $33.88. 26,042 shares of the company’s stock traded hands. Carmike Cinemas has a one year low of $16.92 and a one year high of $36.22. The stock’s 50-day moving average is $34.64 and its 200-day moving average is $30.67. The company has a market cap of $779.6 million and a price-to-earnings ratio of 89.21.

Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.20) earnings per share. Carmike Cinemas’s revenue was up 22.9% compared to the same quarter last year. On average, analysts predict that Carmike Cinemas will post $0.93 earnings per share for the current fiscal year.

CKEC has been the subject of a number of recent research reports. Analysts at Hudson Square Research initiated coverage on shares of Carmike Cinemas in a research note on Monday. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at Riley & Co. reiterated a “buy” rating on shares of Carmike Cinemas in a research note on Tuesday, May 13th. They now have a $38.00 price target on the stock. Finally, analysts at Topeka Capital Markets downgraded shares of Carmike Cinemas from a “buy” rating to a “hold” rating in a research note on Tuesday, May 13th. They now have a $35.00 price target on the stock. They noted that the move was a valuation call.

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.