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

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Shares of iPic Entertainment Inc (NASDAQ:IPIC) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $10.00.

Several equities research analysts have weighed in on IPIC shares. Telsey Advisory Group cut iPic Entertainment from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Zacks Investment Research raised iPic Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, July 24th. ValuEngine raised iPic Entertainment from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Alliance Global Partners cut iPic Entertainment from a “neutral” rating to a “sell” rating in a research note on Monday, August 5th.

NASDAQ IPIC remained flat at $$0.61 during trading hours on Tuesday. The company’s stock had a trading volume of 191,500 shares, compared to its average volume of 134,336. The stock has a 50 day moving average price of $0.69 and a 200-day moving average price of $3.14. iPic Entertainment has a 52 week low of $0.46 and a 52 week high of $10.45.

A hedge fund recently bought a new stake in iPic Entertainment stock. Retirement Systems of Alabama bought a new stake in shares of iPic Entertainment Inc (NASDAQ:IPIC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 filing with the Securities & Exchange Commission. Institutional investors own 24.57% of the company’s stock.

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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