iPic Entertainment (IPIC) Downgraded by Telsey Advisory Group

Telsey Advisory Group cut shares of iPic Entertainment (NASDAQ:IPIC) from an outperform rating to a market perform rating in a research report released on Wednesday, MarketBeat Ratings reports. They currently have $8.00 target price on the stock, down from their prior target price of $15.50.

Several other analysts also recently weighed in on IPIC. Zacks Investment Research downgraded iPic Entertainment from a hold rating to a sell rating in a report on Tuesday, August 14th. Barrington Research restated 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 down $0.15 on Wednesday, hitting $4.80. The stock had a trading volume of 8,797 shares, compared to its average volume of 2,817. iPic Entertainment has a one year low of $4.76 and a one year high of $17.00.

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