Movie theaters are being pummeled by a surprisingly poor Blade Runner performance

Movie theater stocks are getting hammered after the poor performance of Blade Runner 2049.

The movie was the best performing film on its opening weekend but pulled in much less than expected. The 35-year-later sequel to "Blade Runner" was expected to make between $45 - $55 million on its opening weekend but only grabbed $31.5 million, according to Box Office Mojo.

AMC Entertainment was down 6.74%, Cinemark was down 3.56% and Regal was down 3.99%. The movie missed estimates by as much as $23.5 million, but the Monday drop in stock price for the cinemas wiped about $303.23 million of value from the three companies.

RELATED: Popular books you should read before you watch the movie:

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Books you should read before the movie
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Books you should read before the movie

The inventive young adult book follows Jake Portman who stumbles upon an orphanage with supernatural inhabitants. The novel creatively incorporates vintage photographs as a unique visual guide for the reader. A high-profile cast including Eva Green, Chris O'Dowd, Allison Janney, Judi Dench and Samuel L. Jackson were cast in the Tim Burton-directed film.

Feature film release date: Sept. 30, 2016

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If you haven't picked up your copy of "The Girl on the Train," you're already behind the curve. Lauded as the "next 'Gone Girl'," the psychological thriller debuted at No. 1 on the The New York Times Fiction Best Sellers of 2015 list and it's motion picture adaptation, starring Emily Blunt, is one of the most highly-anticipated flicks of the year.

Feature film release date: Oct. 7, 2016

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Charlie Hunman is slated to star as the legendary real-life British explorer Percy Fawcett who ventured into the Amazon jungle, in search of a fabled civilization -- and never returned. Robert Pattinson and Sienna Miller also star in the upcoming film. 

Feature film release date: Oct. 15, 2016

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Felicity Jones, Liam Neeson, Sigourney Weaver star in the film adaptation of the fantasy children's novel following a young boy who struggles to cope with the consequences of his mother's terminal cancer and is repeatedly visited in the middle of the night by a tree monster who tells stories. 

Motion picture release date: Oct. 21, 2016

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This 1997 Pullitzer Prize-winning novel is one of the most popular literary works by esteemed author Philip Roth. Director Ewan McGregor stars as the protagonist, a businessman and former high school star athlete whose life falls into ruins. Dakota Fanning, Jennifer Connelly and Uzo Aduba round out the cast of the high-profile soon-to-be major motion picture.

Release date: Oct. 28, 2016

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Don't wait until November to dig your teeth into J.K. Rowling's wizarding world's American counterpart. Set 70 years before Harry Potter enrolls at Hogwarts, the film is based on fictional wizard Newt Scamander's adventures in New York's secret community of witches and wizards. 

Feature film release date: Nov. 18, 2016

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Robert Langdon (Tom Hanks) is back at it in this follow-up to Angels & DemonsThe Da Vinci Code and The Lost Symbol.

Release date: Nov. 18, 2016

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Mae Holland, portrayed by Emma Watson in the upcoming film, starts an impressive new job at a powerful internet company --but what seems like an exciting career move slowly begins to fall apart.

Release date: TBA

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The movie was received well by fans and critics but was about 2.5 hours long and catered to fans of the original movie. According to Cinemascore, only 14% of the weekend's watchers were under 25.

The movie cost about $150 million to make and market, according to Box Office Mojo. Its predecessor brought in $32.8 million in its lifetime, and was the second most popular movie on its opening weekend, coming in under the blockbuster E.T.  

The movie theaters Monday drop just continues their 2017 declines. Cinemark is down 8.5% this year, Regal is down 27.98% this year and AMC is down 59.18% this year.

Read more about "Blade Runner 2049's" opening weekend here.

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SEE ALSO: 'Blade Runner 2049' wins the weekend box office but shockingly underperforms

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