iPic Entertainment (IPIC) Given New $10.00 Price Target at Roth Capital

iPic Entertainment (NASDAQ:IPIC) had its price objective trimmed by Roth Capital from $18.00 to $10.00 in a research note published on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.

Other analysts also recently issued reports about the stock. Telsey Advisory Group downgraded shares of iPic Entertainment from an outperform rating to a market perform rating and dropped their price objective for the company from $15.50 to $8.00 in a report on Wednesday. Zacks Investment Research raised shares of iPic Entertainment from a sell rating to a hold rating in a report on Wednesday, August 22nd. Finally, Barrington Research reaffirmed a buy rating and issued a $9.00 price objective on shares of iPic Entertainment in a report on Tuesday, August 21st.

Shares of IPIC stock traded up $0.03 during trading hours on Wednesday, hitting $5.30. The company’s stock had a trading volume of 3,275 shares, compared to its average volume of 2,550. iPic Entertainment has a 12-month low of $5.40 and a 12-month high of $17.00.

iPic Entertainment (NASDAQ:IPIC) last released its quarterly earnings data on Tuesday, November 6th. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.78) by ($0.25). The firm had revenue of $31.74 million for the quarter, compared to analyst estimates of $33.38 million. On average, research analysts expect that iPic Entertainment will post -1.25 EPS for the current fiscal 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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