Zacks Investment Research upgraded shares of iPic Entertainment (NASDAQ:IPIC) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “iPic Entertainment Inc. provides premier luxury restaurant-and-theater brand. The company’s entertainment platforms offer movie theaters and bar/restaurants. It operates primarily in Arizona, California, Florida, Illinois, New Jersey, New York, Texas, Washington and Wisconsin. IPic Entertainment Inc. is headquartered in Boca Raton, FL. “

Separately, ValuEngine lowered Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $8.00.

Shares of iPic Entertainment stock traded up $0.28 during trading hours on Wednesday, hitting $2.18. The company’s stock had a trading volume of 14,141 shares, compared to its average volume of 7,238. iPic Entertainment has a 12 month low of $1.89 and a 12 month high of $10.45. The stock has a 50 day simple moving average of $3.20.

iPic Entertainment (NASDAQ:IPIC) last announced its quarterly earnings results on Monday, May 20th. The company reported ($1.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by ($0.18). The business had revenue of $30.24 million during the quarter, compared to the consensus estimate of $34.91 million. On average, equities research analysts expect that iPic Entertainment will post -4.22 EPS for the current fiscal year.

An institutional investor recently bought a new position in iPic Entertainment stock. Retirement Systems of Alabama bought a new stake in iPic Entertainment Inc (NASDAQ:IPIC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,801,433 shares of the company’s stock, valued at approximately $10,393,000. Retirement Systems of Alabama owned approximately 24.42% of iPic Entertainment as of its most recent SEC filing. 24.56% of the stock is currently owned by institutional investors and hedge funds.

iPic Entertainment Company Profile

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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