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.

Shares of NASDAQ:IPIC opened at $3.78 on Wednesday. iPic Entertainment has a 52 week low of $3.79 and a 52 week high of $17.00.

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.

Further Reading: How to Invest in an Index Fund

Get a free copy of the Zacks research report on iPic Entertainment (IPIC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for iPic Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPic Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.