Carmike Cinemas Receives Average Recommendation of “Buy” from Analysts (NASDAQ:CKEC)
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.
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