Carmike Cinemas Inc. (NASDAQ:CKEC) – Equities research analysts at Barrington Research decreased their Q4 2016 earnings per share estimates for Carmike Cinemas in a note issued to investors on Wednesday. Barrington Research analyst J. Goss now forecasts that the firm will earn $0.06 per share for the quarter, down from their previous estimate of $0.11.

CKEC has been the topic of a number of other reports. B. Riley reissued a “hold” rating and issued a $32.75 price objective on shares of Carmike Cinemas in a research note on Tuesday, November 1st. Zacks Investment Research raised Carmike Cinemas from a “strong sell” rating to a “hold” rating in a research note on Monday, October 10th. Finally, Wedbush reissued a “neutral” rating and issued a $33.00 price objective on shares of Carmike Cinemas in a research note on Thursday, September 22nd. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $30.83.

Earnings History and Estimates for Carmike Cinemas (NASDAQ:CKEC)

Carmike Cinemas (NASDAQ:CKEC) remained flat at $34.20 on Thursday. 311,213 shares of the company were exchanged. The company has a 50-day moving average price of $33.16 and a 200-day moving average price of $31.56. Carmike Cinemas has a 1-year low of $18.51 and a 1-year high of $34.53. The firm has a market capitalization of $834.07 million, a P/E ratio of 139.02 and a beta of 1.74.

Carmike Cinemas (NASDAQ:CKEC) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.16. The firm earned $209.70 million during the quarter, compared to the consensus estimate of $205.63 million. Carmike Cinemas had a return on equity of 6.73% and a net margin of 0.72%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned ($0.19) earnings per share.

A number of hedge funds have recently modified their holdings of CKEC. Teacher Retirement System of Texas raised its stake in shares of Carmike Cinemas by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 3,437 shares of the company’s stock worth $104,000 after buying an additional 423 shares in the last quarter. Barclays PLC raised its stake in shares of Carmike Cinemas by 75.1% in the second quarter. Barclays PLC now owns 3,502 shares of the company’s stock worth $106,000 after buying an additional 1,502 shares in the last quarter. BlackRock Inc. raised its stake in shares of Carmike Cinemas by 247.7% in the second quarter. BlackRock Inc. now owns 5,028 shares of the company’s stock worth $151,000 after buying an additional 3,582 shares in the last quarter. Pacad Investment Ltd. bought a new stake in shares of Carmike Cinemas during the second quarter worth approximately $163,000. Finally, Ancora Advisors LLC bought a new stake in shares of Carmike Cinemas during the second quarter worth approximately $211,000. 85.63% of the stock is owned by hedge funds and other institutional investors.

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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).

5 Day Chart for NASDAQ:CKEC

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