Carmike Cinemas Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:CKEC)
Carmike Cinemas (NASDAQ:CKEC) has been given an average rating of “Buy” by the eleven ratings firms that are currently covering the company, StockRatingsNetwork.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $35.24.
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 on Thursday. They now have a $32.50 price target on the stock. Separately, analysts at Hudson Square Research initiated coverage on shares of Carmike Cinemas in a research note on Monday, July 7th. They set a “buy” rating and a $40.00 price target on the stock. Finally, 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.
Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 33.33 on Tuesday. 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 $34.82 and its 200-day moving average is $30.81. The company has a market cap of $767.0 million and a P/E ratio of 87.41.
Carmike Cinemas (NASDAQ:CKEC) last issued its quarterly earnings data 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. On average, analysts predict that Carmike Cinemas will post $0.93 earnings per share for the current fiscal year.
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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