Carmike Cinemas price target raised to $38 from $33 at Barrington Barrington raised its price target for Carmike Cinemas shares to $38 citing the company's screen growth and new initiatives. The firm keeps an Outperform rating on the stock.
Carmike Cinemas valuation does not reflect strong industry trends, says B. Riley B. Riley said Carmike Cinemas (CKEC) has been in the penalty box following termination of the National CineMedia (NCMI) merger and Screenvision. The firm's analyst believes investors are overlooking fundamentals and operating strengths that include above average growth in box office per screen and concessions per patron growth. B. Riley said shares are trading at an irrational discount given strong 2015 box office trends and potential for attractive M&A this year and reiterates its Buy rating and $39.50 price target.