Roth Capital Has Lowered Expectations for Cinemark (NYSE:CNK) Stock Price

Cinemark (NYSE:CNK - Get Free Report) had its target price cut by investment analysts at Roth Capital from $36.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Roth Capital's price target suggests a potential upside of 17.45% from the company's previous close. Roth Capital also issued estimates for Cinemark's Q2 2025 earnings at $0.63 EPS, FY2025 earnings at $1.28 EPS and FY2026 earnings at $1.57 EPS.

Other research analysts have also recently issued reports about the company. Wedbush reissued a "neutral" rating and set a $32.00 target price on shares of Cinemark in a research note on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on Cinemark from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. B. Riley initiated coverage on Cinemark in a research note on Friday, May 16th. They set a "neutral" rating and a $35.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $35.00 price objective on shares of Cinemark in a research report on Wednesday, July 2nd. Finally, Barrington Research reaffirmed an "outperform" rating and set a $36.00 price objective on shares of Cinemark in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

Cinemark Trading Down 0.2%

Shares of CNK stock traded down $0.05 on Wednesday, hitting $29.80. The stock had a trading volume of 5,315,614 shares, compared to its average volume of 3,234,781. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.79 and a quick ratio of 0.76. The firm has a market capitalization of $3.43 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.82 and a beta of 1.88. Cinemark has a 1 year low of $20.43 and a 1 year high of $36.28. The company's 50 day moving average price is $31.41 and its 200-day moving average price is $29.21.

Cinemark (NYSE:CNK - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported ($0.32) EPS for the quarter, hitting the consensus estimate of ($0.32). Cinemark had a return on equity of 51.68% and a net margin of 8.17%. The firm had revenue of $540.70 million during the quarter, compared to analysts' expectations of $604.62 million. During the same period in the previous year, the firm posted $0.19 EPS. Cinemark's revenue for the quarter was down 6.6% on a year-over-year basis. Analysts anticipate that Cinemark will post 1.93 earnings per share for the current year.

Insider Activity at Cinemark

In related news, insider Valmir Fernandes sold 25,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $33.01, for a total value of $825,250.00. Following the completion of the sale, the insider directly owned 130,612 shares of the company's stock, valued at $4,311,502.12. This represents a 16.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wanda Marie Gierhart sold 52,524 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $31.85, for a total value of $1,672,889.40. Following the completion of the sale, the insider directly owned 94,890 shares of the company's stock, valued at approximately $3,022,246.50. This trade represents a 35.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 84,724 shares of company stock valued at $2,724,435 in the last three months. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Cinemark

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNK. Elequin Capital LP raised its stake in shares of Cinemark by 211.6% during the 4th quarter. Elequin Capital LP now owns 997 shares of the company's stock worth $31,000 after buying an additional 677 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cinemark by 402.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,030 shares of the company's stock worth $32,000 after buying an additional 825 shares in the last quarter. Aster Capital Management DIFC Ltd raised its stake in shares of Cinemark by 380.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,896 shares of the company's stock worth $59,000 after buying an additional 1,501 shares in the last quarter. Quarry LP raised its stake in shares of Cinemark by 41.8% during the 4th quarter. Quarry LP now owns 2,114 shares of the company's stock worth $65,000 after buying an additional 623 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Cinemark by 20.6% during the 1st quarter. CWM LLC now owns 6,548 shares of the company's stock worth $163,000 after buying an additional 1,118 shares in the last quarter.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.