Carmike Cinemas Given Average Rating of “Buy” by Brokerages (NASDAQ:CKEC)
Shares of Carmike Cinemas (NASDAQ:CKEC) have been given a consensus rating of “Buy” by the ten ratings firms that are covering the stock, Analyst Ratings Net reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $35.62.
A number of research firms have recently commented on CKEC. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Carmike Cinemas in a research note on Tuesday, August 5th. Separately, analysts at Benchmark Co. cut their price target on shares of Carmike Cinemas from $38.19 to $37.62 in a research note on Thursday, July 31st. Finally, analysts at Maxim Group reiterated a “buy” rating on shares of Carmike Cinemas in a research note on Tuesday, July 29th. They now have a $38.00 price target on the stock.
Carmike Cinemas (NASDAQ:CKEC) opened at 33.95 on Monday. Carmike Cinemas has a one year low of $17.41 and a one year high of $36.22. The stock’s 50-day moving average is $33.0 and its 200-day moving average is $31.88. The company has a market cap of $782.0 million and a price-to-earnings ratio of 160.23.
Carmike Cinemas (NASDAQ:CKEC) last released its earnings data on Monday, August 4th. The company reported $0.17 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.12. The company had revenue of $183.00 million for the quarter, compared to the consensus estimate of $180.03 million. During the same quarter last year, the company posted $0.38 earnings per share. Carmike Cinemas’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Carmike Cinemas will post $0.57 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, it owned, operated or had an interest in 249 theatres with 2,502 screens located in 35 states.
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