Carmike Cinemas Inc. (CKEC) Sets New 12-Month High at $32.01
Carmike Cinemas Inc. (NASDAQ:CKEC) hit a new 52-week high during trading on Friday . The company traded as high as $32.01 and last traded at $31.84, with a volume of 38,139 shares changing hands. The stock had previously closed at $31.91.
CKEC has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $32.75 price objective on shares of Carmike Cinemas in a research report on Tuesday, August 2nd. Zacks Investment Research downgraded Carmike Cinemas from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Wedbush reissued a “neutral” rating and set a $30.00 price target on shares of Carmike Cinemas in a research report on Friday, July 15th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.33.
The firm has a 50 day moving average of $31.06 and a 200 day moving average of $29.15. The company has a market capitalization of $774.56 million and a P/E ratio of 635.20.
Carmike Cinemas (NASDAQ:CKEC) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. The firm earned $204.70 million during the quarter, compared to the consensus estimate of $209.35 million. The business’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. On average, analysts expect that Carmike Cinemas Inc. will post $0.31 EPS for the current fiscal year.
A hedge fund recently raised its stake in Carmike Cinemas stock. Schwab Charles Investment Management Inc. increased its position in shares of Carmike Cinemas Inc. (NASDAQ:CKEC) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent 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).