iPic Entertainment (IPIC) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of iPic Entertainment (NASDAQ:IPIC) from a hold rating to a sell rating in a research report released on Tuesday.

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. “

Separately, Barrington Research reiterated a buy rating and set a $9.00 target price on shares of iPic Entertainment in a research report on Tuesday, August 21st.

Shares of NASDAQ:IPIC opened at $6.50 on Tuesday. The company has a debt-to-equity ratio of -0.97, a current ratio of 0.53 and a quick ratio of 0.48. iPic Entertainment has a twelve month low of $5.91 and a twelve month high of $17.00.

iPic Entertainment (NASDAQ:IPIC) last issued its earnings results on Wednesday, August 8th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.47) by $0.04. The business had revenue of $37.52 million for the quarter, compared to the consensus estimate of $36.21 million. sell-side analysts expect that iPic Entertainment will post -1.25 EPS for the current year.

About iPic Entertainment

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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