Several other analysts have also issued reports on CKEC. B. Riley set a $32.75 target price on shares of Carmike Cinemas and gave the company a hold rating in a research report on Thursday, July 28th. Zacks Investment Research lowered shares of Carmike Cinemas from a hold rating to a strong sell rating in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of Hold and a consensus target price of $30.83.
Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 32.72 on Thursday. The company has a market capitalization of $797.98 million, a PE ratio of 654.40 and a beta of 1.37. The company has a 50 day moving average price of $32.07 and a 200 day moving average price of $30.65. Carmike Cinemas has a 1-year low of $18.52 and a 1-year high of $32.88.
Carmike Cinemas (NASDAQ:CKEC) last announced its earnings results on Monday, August 1st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Carmike Cinemas had a net margin of 0.15% and a return on equity of 3.65%. The company earned $204.70 million during the quarter, compared to analyst estimates of $209.35 million. During the same quarter last year, the business earned $0.36 EPS. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities analysts predict that Carmike Cinemas will post $0.25 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of CKEC. Vivaldi Asset Management LLC purchased a new position in shares of Carmike Cinemas during the first quarter worth approximately $3,797,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Carmike Cinemas by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 654,377 shares of the company’s stock worth $19,657,000 after buying an additional 14,476 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of Carmike Cinemas during the first quarter worth approximately $4,032,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Carmike Cinemas during the first quarter worth approximately $10,757,000. Finally, State Street Corp increased its position in shares of Carmike Cinemas by 1.5% in the first quarter. State Street Corp now owns 399,645 shares of the company’s stock worth $12,002,000 after buying an additional 5,974 shares during the period. 86.62% of the stock is currently owned by institutional investors.
About Carmike Cinemas
Carmike Cinemas, Inc is a motion picture exhibitor company. The Company owns and operates theatres and screens. Its theatres are equipped to provide digital cinema. It owns, operates or has an interest in approximately 280 theatres with over 2,940 screens located in over 40 states. In addition, it has approximately 260 theatres with over 1,090 screens equipped for three dimension (3-D).
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