RBC Capital reiterated their buy rating on shares of Carmike Cinemas, Inc. (NASDAQ:CKEC) in a research note issued to investors on Tuesday morning, Market Beat Ratings reports.

Shares of Carmike Cinemas (NASDAQ:CKEC) traded down 2.25% during mid-day trading on Tuesday, hitting $21.24. 108,737 shares of the stock were exchanged. Carmike Cinemas has a 12-month low of $18.93 and a 12-month high of $34.94. The company’s market capitalization is $522.02 million. The firm has a 50-day moving average price of $22.30 and a 200 day moving average price of $23.26.

Carmike Cinemas (NASDAQ:CKEC) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.07. During the same period in the previous year, the business posted ($0.19) earnings per share. The firm earned $180.20 million during the quarter, compared to the consensus estimate of $182.47 million. Carmike Cinemas’s revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that Carmike Cinemas will post ($0.22) earnings per share for the current year.

A number of other brokerages have also recently commented on CKEC. B. Riley reaffirmed a buy rating and issued a $34.00 price target on shares of Carmike Cinemas in a research note on Sunday, November 8th. Zacks Investment Research raised Carmike Cinemas from a strong sell rating to a hold rating in a research note on Friday, October 9th. Topeka Capital Markets lowered their price target on Carmike Cinemas from $39.00 to $37.00 and set a buy rating for the company in a research note on Wednesday, December 30th. Finally, Wedbush reaffirmed a buy rating and issued a $30.00 price target on shares of Carmike Cinemas in a research note on Wednesday, October 7th. One investment analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $33.16.

An institutional investor recently bought a new position in Carmike Cinemas stock. Capital Investment Advisors purchased a new stake in Carmike Cinemas, Inc. (NASDAQ:CKEC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,824 shares of the company’s stock, valued at approximately $615,000. Capital Investment Advisors owned approximately 0.11% of Carmike Cinemas as of its most recent SEC filing.

Carmike Cinemas, Inc., (NASDAQ:CKEC) 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 Bogart’s Bar and Grill Restaurants (Bogart’s). Bogart’s 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.

12 Month Chart for NASDAQ:CKEC

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