iPic Entertainment (IPIC) Reaches New 1-Year Low After Analyst Downgrade

Shares of iPic Entertainment Inc (NASDAQ:IPIC) reached a new 52-week low during 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 changing hands. The stock had previously closed at $5.27.

Other equities analysts have also issued reports about the stock. Barrington Research restated a “buy” rating and set a $9.00 price target on shares of iPic Entertainment in a research report on Tuesday, August 21st. Zacks Investment Research upgraded shares of iPic Entertainment from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Telsey Advisory Group lowered shares of iPic Entertainment from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $15.50 to $8.00 in a research report 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 analysts’ consensus estimates of ($0.78) by ($0.25). The company had revenue of $31.74 million for the quarter, compared to analysts’ expectations of $33.38 million. As a group, equities analysts anticipate 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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