According to Zacks, “Carmike Cinemas is one of the largest motion picture exhibitors in the United States. Carmike targets small to mid-size non-urban markets. “
Several other equities analysts have also recently issued reports on CKEC. B. Riley restated a neutral rating and set a $32.75 target price on shares of Carmike Cinemas in a research note on Tuesday, August 2nd. Wedbush restated a neutral rating and set a $30.00 target price on shares of Carmike Cinemas in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $30.83.
Shares of Carmike Cinemas (NASDAQ:CKEC) opened at 32.85 on Monday. Carmike Cinemas has a 12 month low of $18.51 and a 12 month high of $33.34. The company has a market capitalization of $801.15 million, a price-to-earnings ratio of 657.00 and a beta of 1.39. The firm’s 50-day moving average is $32.48 and its 200 day moving average is $30.88.
Carmike Cinemas (NASDAQ:CKEC) last posted 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. The company had revenue of $204.70 million for the quarter, compared to the consensus estimate of $209.35 million. Carmike Cinemas had a net margin of 0.15% and a return on equity of 3.65%. Carmike Cinemas’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. Equities analysts expect that Carmike Cinemas will post $0.25 EPS for the current year.
Large investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its stake in Carmike Cinemas by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,437 shares of the company’s stock valued at $104,000 after buying an additional 423 shares in the last quarter. Barclays PLC raised its stake in Carmike Cinemas by 75.1% in the second quarter. Barclays PLC now owns 3,502 shares of the company’s stock valued at $106,000 after buying an additional 1,502 shares in the last quarter. Legal & General Group Plc raised its stake in Carmike Cinemas by 16.9% in the first quarter. Legal & General Group Plc now owns 4,040 shares of the company’s stock valued at $122,000 after buying an additional 583 shares in the last quarter. BlackRock Inc. raised its stake in Carmike Cinemas by 247.7% in the second quarter. BlackRock Inc. now owns 5,028 shares of the company’s stock valued at $151,000 after buying an additional 3,582 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in Carmike Cinemas during the second quarter valued at about $163,000. 86.62% of the stock is owned by institutional investors.
Carmike Cinemas Company Profile
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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