iPic Entertainment Inc (NASDAQ:IPIC) Receives Average Rating of “Hold” from Brokerages

Shares of iPic Entertainment Inc (NASDAQ:IPIC) have been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokerages have set a 1 year consensus price objective of $9.00 for the company and are expecting that the company will post ($1.15) earnings per share 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.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

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) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 2,801,433 shares of the company’s stock, valued at approximately $10,393,000. Retirement Systems of Alabama owned 24.42% of iPic Entertainment as of its most recent filing with the SEC. Institutional investors and hedge funds own 24.56% of the company’s stock.

Shares of NASDAQ IPIC traded down $0.08 during midday trading on Wednesday, reaching $2.72. 12,663 shares of the stock were exchanged, compared to its average volume of 6,994. iPic Entertainment has a twelve month low of $2.02 and a twelve month high of $10.45. The firm has a 50-day moving average price of $3.43.

iPic Entertainment (NASDAQ:IPIC) last issued its quarterly earnings data on Monday, May 20th. The company reported ($1.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.18). The firm had revenue of $30.24 million for the quarter, compared to analyst estimates of $34.91 million. On average, equities analysts forecast that iPic Entertainment will post -4.22 EPS for the current 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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