In a report released today, James Goss from Barrington maintained a Buy rating on iPic Entertainment Inc (NASDAQ: IPIC), with a price target of $9. The company’s shares opened today at $7.26, close to its 52-week low of $5.91.
According to TipRanks.com, Goss is a 5-star analyst with an average return of 14.1% and a 70.3% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Sirius XM Holdings Inc, and Cinemark Holdings Inc.
Currently, the analyst consensus on iPic Entertainment Inc is a Moderate Buy with an average price target of $9.
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Based on iPic Entertainment Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $1.03 million. In comparison, last year the company had a GAAP net loss of $11.15 million.
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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.
