Carmike Cinemas (CKEC) : 8 analysts are covering Carmike Cinemas (CKEC) and their average rating on the stock is 2.5, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Carmike Cinemas (CKEC) : 7 investment research analysts covering Carmike Cinemas (CKEC) have an average price target of $31.55 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $30 for the short term. Analysts expect the variance to be within $2.24 of the average price.
Company shares have received an average consensus rating of Hold for the current week
Carmike Cinemas (NASDAQ:CKEC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.24 and $29.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.39, notching a gain of 2.19% for the day. The total traded volume was 1,196,725 . The stock had closed at $29.74 on the previous day.
Carmike Cinemas, Inc., (Carmike) is a motion picture exhibitor company. The Company owns and operates theatres and screens. In certain locations, the Company offers a food and beverage menu, including the sale of alcoholic beverages. The Company owns and operates approximately 274 theatres with 2,909 screens located in 41 states. In addition, it has approximately 257 theatres with 1,080 screens (37% of its screens) equipped for three dimension (3-D). The Company operates one family entertainment center under the name Hollywood Connection which features a multiplex theatre and other forms of family entertainment. It also operates two Bogarts Bar and Grill Restaurants (Bogarts). Bogarts is a full service restaurant and bar. As of December 31, 2014, the Company operated 45 auditoriums, which operate under the Big D, IMAX and MuviXL names. The Company sells its tickets at its theatre box offices before the start of a film.