Carmike Cinemas Inc. (NASDAQ:CKEC) – Stock analysts at Barrington Research issued their FY2016 earnings estimates for shares of Carmike Cinemas in a research report issued to clients and investors on Wednesday. Barrington Research analyst J. Goss forecasts that the brokerage will post earnings of $0.03 per share for the year.
Several other research firms have also weighed in on CKEC. B. Riley reissued a “neutral” rating and issued a $32.75 target price on shares of Carmike Cinemas in a research note on Sunday, November 13th. Zacks Investment Research raised Carmike Cinemas from a “strong sell” rating to a “hold” rating in a research note on Monday, October 10th. Finally, Wedbush restated a “neutral” rating and issued a $33.00 price target on shares of Carmike Cinemas in a report on Thursday, September 22nd. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $30.83.
Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 33.85 on Monday. Carmike Cinemas has a 12-month low of $18.51 and a 12-month high of $34.53. The firm has a market capitalization of $825.53 million, a price-to-earnings ratio of 137.60 and a beta of 1.74. The company has a 50-day moving average price of $33.22 and a 200 day moving average price of $31.65.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, November 7th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.16. Carmike Cinemas had a return on equity of 6.73% and a net margin of 0.72%. The firm earned $209.70 million during the quarter, compared to analyst estimates of $205.63 million. During the same period in the previous year, the company earned ($0.19) EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mittleman Brothers LLC increased its position in Carmike Cinemas by 33.0% in the second quarter. Mittleman Brothers LLC now owns 2,331,185 shares of the company’s stock worth $70,215,000 after buying an additional 578,275 shares during the last quarter. Carlson Capital L P purchased a new position in Carmike Cinemas during the second quarter worth about $11,054,000. FMR LLC increased its position in Carmike Cinemas by 16.8% in the second quarter. FMR LLC now owns 2,125,000 shares of the company’s stock worth $64,005,000 after buying an additional 305,000 shares during the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Carmike Cinemas during the third quarter worth about $8,977,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in Carmike Cinemas during the second quarter worth about $6,024,000. Institutional investors and hedge funds own 88.73% of the company’s stock.
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