iPic Entertainment (IPIC) Sets New 52-Week Low After Analyst Downgrade

iPic Entertainment Inc (NASDAQ:IPIC) hit a new 52-week low during mid-day trading on Thursday after Roth Capital lowered their price target on the stock from $18.00 to $10.00. Roth Capital currently has a buy rating on the stock. iPic Entertainment traded as low as $4.76 and last traded at $5.30, with a volume of 3230 shares. The stock had previously closed at $5.27.

Several other brokerages also recently issued reports on IPIC. Zacks Investment Research upgraded shares of iPic Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. Barrington Research restated a “buy” rating and issued a $9.00 price objective on shares of iPic Entertainment in a research note on Tuesday, August 21st. Finally, Telsey Advisory Group downgraded shares of iPic Entertainment from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $15.50 to $8.00 in a research note on Wednesday.

iPic Entertainment (NASDAQ:IPIC) last posted 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 business had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $33.38 million. On average, research analysts predict that iPic Entertainment Inc will post -1.25 EPS for the current year.

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iPic Entertainment Company Profile (NASDAQ:IPIC)

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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