iPic Entertainment Inc (IPIC) Receives a Hold from Barrington

By Carrie Williams

Barrington analyst James Goss reiterated a Hold rating on iPic Entertainment Inc (IPICResearch Report) today. The company’s shares opened today at $5.65.

Goss said:

“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.”

According to TipRanks.com, Goss is a 5-star analyst with an average return of 12.9% and a 63.3% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

The the analyst consensus on iPic Entertainment Inc is currently a Hold rating.

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The company has a one-year high of $13.74 and a one-year low of $2.02. Currently, iPic Entertainment Inc has an average volume of 11.33K.

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iPic Entertainment, Inc. provides visionary entertainment escapes, chef-driven culinary and mixology offerings that include movie theaters plus a bar and restaurant. The company was founded by Hamid Hashemi in 2010 and is headquartered in Boca Raton, FL.