iPic Entertainment (NASDAQ:IPIC) Raised to Buy at ValuEngine

ValuEngine upgraded shares of iPic Entertainment (NASDAQ:IPIC) from a hold rating to a buy rating in a research report sent to investors on Thursday, ValuEngine reports.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded iPic Entertainment from a sell rating to a hold rating in a research note on Wednesday, July 24th. Alliance Global Partners lowered iPic Entertainment from a buy rating to a neutral rating in a research note on Monday, July 29th. Finally, Telsey Advisory Group lowered iPic Entertainment from a market perform rating to an underperform rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $8.00.

Shares of NASDAQ:IPIC traded up $0.49 during midday trading on Thursday, reaching $1.67. The company’s stock had a trading volume of 30,793 shares, compared to its average volume of 22,370. iPic Entertainment has a fifty-two week low of $0.92 and a fifty-two week high of $10.45. The stock’s fifty day simple moving average is $2.90.

iPic Entertainment (NASDAQ:IPIC) last announced its earnings results on Monday, May 20th. The company reported ($1.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.93) by ($0.18). The firm had revenue of $30.24 million during the quarter, compared to the consensus estimate of $34.91 million.

An institutional investor recently bought a new position in iPic Entertainment stock. Retirement Systems of Alabama purchased a new stake in iPic Entertainment Inc (NASDAQ:IPIC) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,801,433 shares of the company’s stock, valued at approximately $10,393,000. Retirement Systems of Alabama owned about 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.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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