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| CEC - CEC Entertainment, Inc. | Week Ended: 3/31/01 |
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| Price |
43.61 |
P/E Ratio |
20.45 |
52 Week High |
43.22 |
| Last Week |
+ 0.20 |
Earnings Date |
05/22/01 |
52 Week Low |
22.13 |
| Picked At |
41.81 |
Date Picked |
3/13/01 |
Sector |
Services |
| Activity |
| Current |
43.61 |
Open |
43.54 |
Change |
0.17 |
| Low |
43.54 |
High |
43.82 |
Volume |
44,800 |
ZACKS | NEWS | PROFILE | HISTORICAL PRICES | OPTIONS | D-CHART |
| Company Description CEC Entertainment, Inc. is engaged in the family restaurant/entertainment center business. As of 3/00, the Company operated 302 Chuck E. Cheese%s Pizza restaurants and franchisees operated an additional 55. For the 39 weeks ended 10/1/00, revenues rose 15% to $390.7M. Net income applicable to Common rose 28% to $45.8M. Results reflect the opening of additional restaurants, a 3.1% increase in comparable store sales and improved operating margins.
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| Play Description March 13, 2001
CEC Entertainment Inc. owns, operates, and franchises over 350 Chuck E. Cheese restaurants/entertainment centers in 45 states. The stock has performed well over the past year. Shares of CEC hit an all-time high of $42.22 on March 7th, representing a 116% gain from last year’s low of $19.50 hit on 2/24/00. CEC has been consolidating after reaching its all time high just last week, and we believe that the stock could be ready for another breakout. We are also looking for a possible split announcement out of the next BoD meeting, or with its May earnings release. The company has enough shares for a split with 100 million shares authorized and 34.2 million shares issued and the stock is trading above historic split range. CEC announced its last split on 6/24/99 when the stock was trading at $40.38. Going forward, support is the 10-dma at $41.62 with additional support at $40.56, the 20-dma. Resistance is the March 8th intra-day high of $42.50 and then the all-time high of $43.22. A bounce off of $41.62 or a move above $42.50 on midday volume greater than 80,000 shares may be possible entry points. We plan to place stops at $39.50 as downside protection.
Picked on March 6th @ $41.81
Change since picked +0.00
Stop Loss @ $39.50
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| Update March 25, 2001
CEC Entertainment fell below the $40 mark on Friday as investors moved money out of safety stocks and back into the tech sector. CEC fell to an intra-day low of $39.50 on volume of 116,500 shares. We were stopped out at $39.50 so we are dropping Chuckie from our Current Plays list.
Picked on March 13th @ $41.81
Profit/Loss = -2.31 (-6%) (Stopped out Friday @ $39.50)
Best Profit = +0.34 (+1%)
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