Carmike Cinemas Given “Outperform” Rating at Macquarie (CKEC)
Carmike Cinemas (NASDAQ:CKEC)‘s stock had its “outperform” rating restated by analysts at Macquarie in a research report issued to clients and investors on Thursday. They currently have a $38.00 price objective on the stock, up from their previous price objective of $35.00. Macquarie’s price objective suggests a potential upside of 12.53% from the company’s current price.
CKEC has been the subject of a number of other recent research reports. 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Carmike Cinemas currently has an average rating of “Buy” and a consensus target price of $35.96.
Carmike Cinemas (NASDAQ:CKEC) traded up 1.51% during mid-day trading on Thursday, hitting $34.28. The stock had a trading volume of 49,907 shares. Carmike Cinemas has a 1-year low of $19.08 and a 1-year high of $36.22. The stock’s 50-day moving average is $33.0 and its 200-day moving average is $32.29. The company has a market cap of $789.6 million and a P/E ratio of 157.07.
Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings results 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. Analysts expect that Carmike Cinemas will post $0.58 EPS 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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