Ignite Restaurant Group Receives New Coverage from Analysts at UBS AG (IRG)
Equities research analysts at UBS AG started coverage on shares of Ignite Restaurant Group (NYSE:IRG) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on IRG. Analysts at Zacks upgraded shares of Ignite Restaurant Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $13.30 price target on the stock. Separately, analysts at TheStreet downgraded shares of Ignite Restaurant Group from a “hold” rating to a “sell” rating in a research note to investors on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.83.
Ignite Restaurant Group (NYSE:IRG) traded up 1.48% during mid-day trading on Wednesday, hitting $13.04. 59,448 shares of the company’s stock traded hands. Ignite Restaurant Group has a one year low of $11.26 and a one year high of $21.28. The stock has a 50-day moving average of $12.23 and a 200-day moving average of $15.40. The company’s market cap is $334.5 million.
Ignite Restaurant Group (NYSE:IRG) last released its earnings data on Tuesday, November 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.25. The company had revenue of $227.60 million for the quarter, compared to the consensus estimate of $232.61 million. The company’s revenue for the quarter was up 76.3% on a year-over-year basis. Analysts expect that Ignite Restaurant Group will post $-0.10 EPS for the current fiscal year.
Ignite Restaurant Group, Inc (NYSE:IRG) is a brand for restaurants.
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