iPic Entertainment (IPIC) Downgraded by Telsey Advisory Group

Telsey Advisory Group downgraded shares of iPic Entertainment (NASDAQ:IPIC) from an outperform rating to a market perform rating in a report issued on Wednesday morning, Marketbeat Ratings reports. They currently have $8.00 price objective on the stock, down from their previous price objective of $15.50.

A number of other equities research analysts have also commented on the company. Zacks Investment Research upgraded iPic Entertainment from a sell rating to a hold rating in a research report on Wednesday, October 24th. Barrington Research reiterated a buy rating and issued a $9.00 target price on shares of iPic Entertainment in a research report on Tuesday, August 21st.

Shares of IPIC stock traded down $0.15 during trading hours on Wednesday, reaching $4.80. 8,797 shares of the company’s stock were exchanged, compared to its average volume of 2,817. iPic Entertainment has a 1 year low of $4.76 and a 1 year high of $17.00.

iPic Entertainment (NASDAQ:IPIC) last issued its quarterly earnings results on Tuesday, November 6th. The company reported ($1.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.78) by ($0.25). The firm had revenue of $31.74 million during the quarter, compared to analyst estimates of $33.38 million. Sell-side analysts predict that iPic Entertainment will post -1.25 EPS for the current 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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