Wedbush Reiterates Outperform Rating, Raises PT on Carmike Cinemas

In a report issued earlier today, Wedbush Securities Inc. reiterated its Outperform rating on Carmike Cinemas , Inc.

and raised its price target from $13.50 to $17. Wedbush went on to say in the report “Box office performance accelerated throughout the quarter. January box office grew 10.3% y-o-y [year-over-year], with

leading the monthly box office. While positive, we note that January 2011 provided an easy comparison. On the other hand, February box office grew 23.8% y-o-y, the highest grossing February in box office history, with surprise hit

leading the monthly box office. March was also a record-breaking month, increasing 38.0% y-o-y, with the well-publicized

leading the monthly box office. Carmike Cinemas, Inc. closed yesterday at $14.50.