Shares of Carmike Cinemas Inc. (NASDAQ:CKEC) hit a new 52-week high during trading on Friday . The company traded as high as $31.51 and last traded at $31.48, with a volume of 581,167 shares trading hands. The stock had previously closed at $30.59.

A number of brokerages have commented on CKEC. Wedbush restated a “neutral” rating and set a $30.00 price target on shares of Carmike Cinemas in a research note on Friday. B. Riley restated a “neutral” rating and set a $30.00 price target on shares of Carmike Cinemas in a research note on Sunday, May 8th. Finally, Zacks Investment Research upgraded shares of Carmike Cinemas from a “sell” rating to a “hold” rating in a research note on Wednesday, June 8th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Carmike Cinemas presently has an average rating of “Hold” and an average target price of $31.17.

The company has a market cap of $772.90 million and a P/E ratio of 617.25. The firm has a 50-day moving average price of $30.20 and a 200 day moving average price of $27.34.

Carmike Cinemas (NASDAQ:CKEC) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by $0.01. During the same period last year, the firm earned $0.12 earnings per share. The company earned $206.20 million during the quarter, compared to the consensus estimate of $206.17 million. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts predict that Carmike Cinemas Inc. will post $0.47 earnings per share for the current fiscal year.

A number of hedge funds have made changes to their positions in the company. Gluskin Sheff & Assoc Inc. raised its stake in shares of Carmike Cinemas by 40.7% in the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 133,180 shares of the company’s stock worth $3,055,000 after buying an additional 38,500 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Carmike Cinemas by 30.8% in the fourth quarter. Victory Capital Management Inc. now owns 1,119,932 shares of the company’s stock worth $25,691,000 after buying an additional 263,603 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Carmike Cinemas by 23.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 103,237 shares of the company’s stock worth $2,368,000 after buying an additional 19,337 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Carmike Cinemas during the fourth quarter worth approximately $2,015,000. Finally, California State Teachers Retirement System raised its stake in shares of Carmike Cinemas by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 45,381 shares of the company’s stock worth $1,041,000 after buying an additional 861 shares during the last quarter.

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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