iPic Entertainment Inc (NASDAQ:IPIC) Given Average Rating of “Hold” by Analysts

Shares of iPic Entertainment Inc (NASDAQ:IPIC) have received an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $9.00 for the company and are predicting that the company will post ($1.15) EPS for the current quarter, according to Zacks. Zacks has also given iPic Entertainment an industry rank of 83 out of 256 based on the ratings given to related companies.

IPIC has been the subject of several research analyst reports. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.

A hedge fund recently bought a new stake in iPic Entertainment stock. Retirement Systems of Alabama purchased a new stake in iPic Entertainment Inc (NASDAQ:IPIC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,801,433 shares of the company’s stock, valued at approximately $10,393,000. Retirement Systems of Alabama owned approximately 24.42% of iPic Entertainment as of its most recent SEC filing. 24.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ IPIC traded down $0.08 during trading hours on Wednesday, hitting $2.72. 12,663 shares of the company’s stock were exchanged, compared to its average volume of 6,994. iPic Entertainment has a 1-year low of $2.02 and a 1-year high of $10.45. The firm has a 50-day moving average of $3.43.

iPic Entertainment (NASDAQ:IPIC) last posted its quarterly earnings data on Monday, May 20th. The company reported ($1.11) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($0.18). The company had revenue of $30.24 million during the quarter, compared to analyst estimates of $34.91 million. As a group, sell-side analysts predict that iPic Entertainment will post -4.22 earnings per share 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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