iPic Entertainment (IPIC) Downgraded by Zacks Investment Research
iPic Entertainment (NASDAQ:IPIC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “iPic Entertainment Inc. provides premier luxury restaurant-and-theater brand. The company’s entertainment platforms offer movie theaters and bar/restaurants. It operates primarily in Arizona, California, Florida, Illinois, New Jersey, New York, Texas, Washington and Wisconsin. IPic Entertainment Inc. is headquartered in Boca Raton, FL. “
Several other equities research analysts have also issued reports on IPIC. Telsey Advisory Group lowered shares of iPic Entertainment from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $15.50 to $8.00 in a report on Wednesday, November 7th. Roth Capital lowered their target price on shares of iPic Entertainment from $18.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, November 7th. Finally, Barrington Research restated a “buy” rating and issued a $9.00 target price on shares of iPic Entertainment in a report on Tuesday, August 21st.
iPic Entertainment (NASDAQ:IPIC) last released its earnings results on Tuesday, November 6th. The company reported ($1.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by ($0.25). The firm had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $33.38 million. Sell-side analysts forecast that iPic Entertainment will post -4.21 EPS for the current fiscal year.
iPic Entertainment Company Profile
iPic Entertainment Inc operates restaurants and theaters in the United States. The company operates casual restaurants, farm-to-glass full-service bars, and theater auditoriums with in-theater dining. It operates restaurants under the City Perch Kitchen + Bar, Tanzy, The Tuck Room, The Tuck Room Tavern, and iPic Express brands.
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