iPic Entertainment Inc (IPIC) Given Average Recommendation of “Strong Buy” by Brokerages

iPic Entertainment Inc (NASDAQ:IPIC) has been given an average broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus price objective of $15.50 for the company and are predicting that the company will post ($0.47) earnings per share for the current quarter, according to Zacks. Zacks has also given iPic Entertainment an industry rank of 98 out of 255 based on the ratings given to related companies.

A number of equities analysts recently weighed in on IPIC shares. Zacks Investment Research downgraded shares of iPic Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, April 25th. Barrington Research reissued a “buy” rating and set a $15.00 target price on shares of iPic Entertainment in a research note on Wednesday, March 21st. Finally, Roth Capital started coverage on shares of iPic Entertainment in a research note on Monday, March 5th. They set a “buy” rating and a $18.00 target price for the company.

NASDAQ IPIC remained flat at $$8.03 during mid-day trading on Tuesday. 2 shares of the company were exchanged, compared to its average volume of 8,137. iPic Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $17.00. The company has a quick ratio of 0.59, a current ratio of 0.63 and a debt-to-equity ratio of -0.77.

iPic Entertainment (NASDAQ:IPIC) last announced its earnings results on Tuesday, May 15th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.32. The firm had revenue of $37.26 million for the quarter, compared to the consensus estimate of $34.74 million. research analysts predict that iPic Entertainment will post -1.03 EPS for the current fiscal year.

About iPic Entertainment

iPic Entertainment Inc operates restaurants and theaters in the United States. The company operates a casual restaurant, a farm-to-glass full-service bar, and theater auditoriums with in-theater dining under the City Perch Kitchen + Bar, Tanzy, The Tuck Room, The Tuck Room Tavern, and iPic Express brands.

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