iPic Entertainment (IPIC) Stock Rating Reaffirmed by Barrington Research

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iPic Entertainment (NASDAQ:IPIC)‘s stock had its “hold” rating reiterated by equities research analysts at Barrington Research in a research report issued on Thursday.

The analysts wrote, “We reiterate our MARKET PERFORM investment rating: Management is focused on improving the profitability of its footprint in 2019. However, the locations are still expected to operate at a slight Adjusted EBTIDA loss in 2019. The company faces some headwinds, including the lead time to bringing a newly opened location to full operational potential in new markets, as well as its leverage situation.””

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded iPic Entertainment from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, January 9th. ValuEngine cut iPic Entertainment from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. iPic Entertainment has a consensus rating of “Hold” and a consensus target price of $8.00.

Shares of iPic Entertainment stock traded up $0.08 during trading on Thursday, hitting $5.37. 90 shares of the company were exchanged, compared to its average volume of 6,459. iPic Entertainment has a 1-year low of $2.02 and a 1-year high of $13.74.

A hedge fund recently bought a new stake in iPic Entertainment stock. Vanguard Group Inc. bought a new stake in iPic Entertainment Inc (NASDAQ:IPIC) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,683 shares of the company’s stock, valued at approximately $231,000. Vanguard Group Inc. owned approximately 0.33% of iPic Entertainment as of its most recent filing with the Securities and Exchange Commission. 0.12% of the stock is owned by institutional investors.

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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