Market Overview

UPDATE: Caris & Company Upgrades Carmike Cinemas to Above Average

Share:
Related CKEC
AMC-Carmike Merger Approved: AMC Is Now The Nation's Largest Movie Chain
Suicide Squad, Jason Bourne And Star Trek Helped Boost AMC's Admissions In Q3

In a report published Monday, Caris & Company upgraded its rating on Carmike Cinemas (NASDAQ: CKEC) from Average to Above Average.

Caris & Company noted, “We are upgrading shares of CKEC from 3*/Average to 2*/Above Average. We believe that, in the midst of the stock price digesting the fact that FQ3 numbers are coming down, the market is not focusing on the accretion inherent within the Rave Cinemas LLC deal, which was announced on October 3, and which gets CKEC 251 additional screens. We believe this deal affords CKEC distinct advantages in concessions buyer power and economies of scale against the Studio system, and we are happy to take advantage of the market disconnect.”

Carmike Cinemas closed on Friday at $12.56.

Latest Ratings for CKEC

DateFirmActionFromTo
Mar 2016RBC CapitalDowngradesOutperformSector Perform
Mar 2016MacquarieDowngradesOutperformNeutral
Mar 2016B. RileyDowngradesBuyNeutral

View More Analyst Ratings for CKEC
View the Latest Analyst Ratings

Posted-In: Caris & CompanyAnalyst Color Upgrades Analyst Ratings

 

Related Articles (CKEC)

View Comments and Join the Discussion!