iPic Entertainment Inc (IPIC) Gets a Buy Rating from Barrington


In a report released today, James Goss from Barrington maintained a Buy rating on iPic Entertainment Inc (NASDAQ: IPIC), with a price target of $13. The company’s shares opened today at $7.16, close to its 52-week low of $5.91.

According to TipRanks.com, Goss is a 5-star analyst with an average return of 13.3% and a 65.9% 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.

iPic Entertainment Inc has an analyst consensus of Moderate Buy, with a price target consensus of $13.

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Based on iPic Entertainment Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.38 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.

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