Roth Capital Cuts iPic Entertainment (IPIC) Price Target to $10.00

iPic Entertainment (NASDAQ:IPIC) had its price target lowered by analysts at Roth Capital from $18.00 to $10.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Roth Capital’s price objective suggests a potential upside of 89.90% from the stock’s previous close.

A number of other equities research analysts have also issued reports on IPIC. Telsey Advisory Group lowered iPic Entertainment from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $15.50 to $8.00 in a research note on Wednesday. Zacks Investment Research upgraded iPic Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Barrington Research reiterated a “buy” rating and issued a $9.00 target price on shares of iPic Entertainment in a research note on Tuesday, August 21st.

NASDAQ:IPIC traded down $0.93 on Wednesday, hitting $5.27. 13,060 shares of the stock were exchanged, compared to its average volume of 2,562. iPic Entertainment has a fifty-two week low of $5.40 and a fifty-two week high of $17.00.

iPic Entertainment (NASDAQ:IPIC) last announced its quarterly earnings results on Tuesday, November 6th. The company reported ($1.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.78) by ($0.25). The business had revenue of $31.74 million during the quarter, compared to the consensus estimate of $33.38 million. Research analysts predict that iPic Entertainment will post -1.25 EPS for the current fiscal year.

About iPic Entertainment

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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