Warner Bros’ (WBD) horror film, Weapons, remained the top movie over the Labor Day weekend after bringing in about $10.2 million from Friday to Sunday, and $12.4 million over the full four-day holiday. Directed by Zach Cregger, the media giant’s thriller is now in its fourth week and has earned $132.4 million in the U.S. and $234.6 million globally, according to estimates from Comscore (SCOR). Despite the holiday slowdown, its strong performance shows that audiences are still drawn to intense, suspenseful films.
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Furthermore, a surprising highlight came from Universal’s re-release of Jaws (1975), which grabbed second place with $8.1 million over three days and is expected to hit $9.8 million by Monday. Even nearly 50 years after it was first released, Steven Spielberg’s iconic shark movie continues to perform well, thanks in part to IMAX (IMAX) showings that made up 21% of its North American earnings. This success shows how older favorites can still attract crowds when presented the right way.
In addition, Sony’s (SONY) new thriller, Caught Stealing, starring Austin Butler and Zoë Kravitz, and directed by Darren Aronofsky, opened in third place with $7.8 million. At the same time, Disney’s (DIS) sequel Freakier Friday, with Jamie Lee Curtis and Lindsay Lohan, took fourth place with $6.5 million, and The Roses from Searchlight, which is a modern version of The War of the Roses starring Olivia Colman and Benedict Cumberbatch, placed fifth with $6.35 million.
Is WBD Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on WBD stock based on 10 Buys, seven Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average WBD price target of $13.86 per share implies 19.1% upside potential.
