Zacks: iPic Entertainment Inc (IPIC) Given Consensus Recommendation of “Strong Buy” by Brokerages

iPic Entertainment Inc (NASDAQ:IPIC) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus price objective of $13.50 for the company and are anticipating that the company will post ($0.72) earnings per share for the current quarter, according to Zacks. Zacks has also given iPic Entertainment an industry rank of 191 out of 255 based on the ratings given to related companies.

A number of research analysts have issued reports on the stock. Barrington Research reaffirmed a “buy” rating and issued a $9.00 target price on shares of iPic Entertainment in a report on Tuesday, August 21st. Zacks Investment Research raised shares of iPic Entertainment from a “sell” rating to a “hold” rating in a report on Tuesday, June 26th.

Shares of iPic Entertainment stock opened at $6.28 on Monday. iPic Entertainment has a 12-month low of $5.91 and a 12-month high of $17.00. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of -0.97.

iPic Entertainment (NASDAQ:IPIC) last issued its earnings results on Wednesday, August 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.47) by $0.04. The company had revenue of $37.52 million during the quarter, compared to analysts’ expectations of $36.21 million. research analysts anticipate that iPic Entertainment will post -1.25 EPS for the current fiscal year.

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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