Carmike Cinemas Inc. (CKEC) Reaches New 1-Year High at $32.01
Carmike Cinemas Inc. (NASDAQ:CKEC) shares reached a new 52-week high during trading on Friday . The stock traded as high as $32.01 and last traded at $31.84, with a volume of 38,139 shares. The stock had previously closed at $31.91.
Several brokerages recently issued reports on CKEC. B. Riley restated a “neutral” rating and issued a $32.75 price objective on shares of Carmike Cinemas in a report on Tuesday, August 2nd. Zacks Investment Research lowered shares of Carmike Cinemas from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Wedbush restated a “neutral” rating and issued a $30.00 price objective on shares of Carmike Cinemas in a report on Friday, July 15th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Carmike Cinemas presently has a consensus rating of “Hold” and a consensus price target of $30.33.
The stock has a market capitalization of $773.34 million and a P/E ratio of 634.20. The firm’s 50-day moving average is $31.11 and its 200-day moving average is $29.23.
Carmike Cinemas (NASDAQ:CKEC) last posted its earnings results on Monday, August 1st. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. During the same quarter last year, the business earned $0.36 earnings per share. The business earned $204.70 million during the quarter, compared to the consensus estimate of $209.35 million. The business’s revenue was down 6.6% compared to the same quarter last year. On average, analysts anticipate that Carmike Cinemas Inc. will post $0.31 earnings per share for the current year.
A hedge fund recently raised its stake in Carmike Cinemas stock. Schwab Charles Investment Management Inc. boosted its stake in shares of Carmike Cinemas Inc. (NASDAQ:CKEC) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,848 shares of the company’s stock after buying an additional 2,323 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.34% of Carmike Cinemas worth $1,924,000 as of its most recent SEC filing.
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).