Carmike Cinemas Inc. (NASDAQ:CKEC)‘s stock had its “neutral” rating reiterated by B. Riley in a research note issued on Tuesday. They currently have a $32.75 price target on the stock. B. Riley’s price target would indicate a potential downside of 4.10% from the stock’s previous close.
Several other equities analysts have also issued reports on CKEC. Wedbush restated a “neutral” rating and issued a $30.00 target price on shares of Carmike Cinemas in a report on Friday, July 15th. Zacks Investment Research upgraded shares of Carmike Cinemas from a “strong sell” rating to a “hold” rating in a report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has an average rating of “Hold” and an average target price of $30.83.
Carmike Cinemas (NASDAQ:CKEC) traded down 0.15% during trading on Tuesday, reaching $34.15. The company’s stock had a trading volume of 175,185 shares. The stock’s 50-day moving average is $33.19 and its 200 day moving average is $31.59. The company has a market cap of $832.85 million, a P/E ratio of 138.82 and a beta of 1.74. Carmike Cinemas has a 12 month low of $18.52 and a 12 month high of $34.53.
Carmike Cinemas (NASDAQ:CKEC) last released its earnings results on Monday, November 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.16. The business had revenue of $209.70 million for the quarter, compared to analyst estimates of $205.63 million. Carmike Cinemas had a net margin of 0.72% and a return on equity of 6.73%. Carmike Cinemas’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.19) earnings per share. On average, equities analysts forecast that Carmike Cinemas will post $0.11 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the stock. Credit Suisse AG increased its stake in Carmike Cinemas by 14.9% in the third quarter. Credit Suisse AG now owns 100,440 shares of the company’s stock valued at $3,283,000 after buying an additional 13,047 shares during the last quarter. Lombard Odier Asset Management USA Corp increased its stake in Carmike Cinemas by 547.8% in the third quarter. Lombard Odier Asset Management USA Corp now owns 30,000 shares of the company’s stock valued at $981,000 after buying an additional 36,700 shares during the last quarter. BTG Pactual Global Asset Management Ltd acquired a new stake in Carmike Cinemas during the third quarter valued at approximately $964,000. K2 Principal Fund L.P. acquired a new stake in Carmike Cinemas during the third quarter valued at approximately $1,962,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Carmike Cinemas during the third quarter valued at approximately $543,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.
About Carmike Cinemas