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Lions Gate Has a Great Film Pipeline: Analyst

Lions Gate Entertainment is more than just "The Hunger Games" — it's four films based on the three books of the teen dystopian saga, Piper Jaffray analyst James Marsh told CNBC Monday.

The film had a boffo opening weekend, earning $155 million in the U.S. and Canada alone, exceeding analyst expectations, Marsh said.

"I don’t think it's one film at all. I think it’s one in a series of four films," the four largest films Lions Gate will ever produce, he said. "I don’t think this is hitting the lottery once."

The company has a strong pipeline, with "The Expendables 2" and the final installment of the "Twilight" saga among those coming later this year. It also has "Mad Men" on television and other series in the works, including Charlie Sheen in "Anger Management."

Lions Gate has an advantage over DreamWorks Animation, another independent film company, said Marsh, who raised his price target on Lions Gate to $22 a share.

"What’s interesting with Lions Gate is you know what the next three films of 'The Hunger Games' are going to be about," he said. "Where Dreamworks is challenged is they’re trying to find the next film that could be a sequel. So they're a mirror image of each other. They’re trying to find lightning in a bottle and replicate that. Lions Gate already has those four films in the pipeline."

Is an acquisition for Lions Gate in the picture?

"I think the plate looks pretty full right now. They’re digesting the Summit deal," he said, referring to the acquisition of another independent film company, Summit Entertainment, in January.

"I think they are focused on repaying debt, which was a big issue for the stock just a year ago. I wouldn’t expect them to be on the hunt from here but they’re clearly going to have the financial flexibility to do what they want going forward."

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Trader disclosure: On March 26, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Joe Terranova is long VRTS; Joe Terranova is long NXPI; Joe Terranova is long IBM; Joe Terranova is long MCD; Joe Terranova is long EMC; Joe Terranova is long MSFT; Joe Terranova is long JOY; Joe Terranova is long OXY; Joe Terranova is long LQD; Joe Terranova is long POT; Joe Terranova is long TBT; Joe Terranova is long HIBB; Steve Grasso is long ANR; Steve Grasso is long ASTM; Steve Grasso is long AVAV; Steve Grasso is long BA; Steve Grasso is long D; Steve Grasso is long FRO; Steve Grasso is long MHY; Steve Grasso is long NUAN; Steve Grasso is long MO; Steve Grasso is long PFE; Steve Grasso is long PRST; Steve Grasso is long S; Steve Grasso is long XLU; Steve Grasso is long ZAZA; Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in GS; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in GDX; Jon Najarian is long call spreads in MS; Jon Najarian is long call spreads in INTC; Jon Najarian is long call spreads in JOY; Jon Najarian is long call spreads in SBUX; Jon Najarian is long call spreads in VLO; Jon Najarian is long call spreads in AMZN; Jon Najarian is long call spreads in IBM; Jon Najarian is long call spreads in LGF; Jon Najarian is long call spreads in MGM; Jon Najarian is long CIGX; Jon Najarian is long CBOE; Jon Najarian is long CME; Josh Brown is long JPM; Josh Brown is long WFC; Josh Brown is long GDX; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long XLF; Josh Brown is long INTC; Josh Brown is long CSCO; Josh Brown is long IBM; Josh Brown is long LULU; Steven Weiss is long F

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Citigroup Global Markets Inc. or its affiliates beneficially owns 1% or more of any class of common equity securities of AMZN

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For Dennis Gartman

Dennis Gartman is long GOLD in YEN terms

For James Marsh

The following companies have been investment banking clients of Piper Jaffray during the past 12 months: BONA

The following companies have been investment banking clients of Piper Jaffray during the past 12 months: LGF

The following companies have been investment banking clients of Piper Jaffray during the past 12 months: RLD

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: AMCN

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: BONA

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CHRM

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: CKEC

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: DISCA

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: DWA

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: IMAX

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: LAMR

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: LGF

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: NCMI

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RGC

Piper Jaffray makes a market in the securities of the following companies, and will buy and sell the securities of these companies on a principal basis: RLD

Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: CBS

Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: CNK

Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: DIS

Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: SNI

Piper Jaffray usually provides bids and offers for the securities of the following companies and will, from time to time, buy and sell the securities of these companies on a principal basis: VIAB

For Stacy Rasgon

Bernstein currently makes a market in QCOM


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