Published On: Wed, Oct 19th, 2016

Latest Analyst Reports On Ignite Restaurant Group, Inc.


Recently stock market analysts have updated their consensus ratings on shares of Ignite Restaurant Group, Inc. (NASDAQ:IRG).

Most recent broker ratings

08/28/2015 – Ignite Restaurant Group, Inc. was upgraded to “buy” by analysts at Sidoti.

08/26/2015 – Ignite Restaurant Group, Inc. was downgraded to “sell” by analysts at UBS. They now have a USD 3.5 price target on the stock.

05/12/2015 – Ignite Restaurant Group, Inc. was upgraded to “hold” by analysts at Zacks.

05/05/2015 – Ignite Restaurant Group, Inc. was downgraded to “underweight” by analysts at Piper Jaffray. They now have a USD 3 price target on the stock.

02/28/2015 – Ignite Restaurant Group, Inc. was downgraded to “neutral” by analysts at CL King.

10/30/2014 – Ignite Restaurant Group, Inc. was upgraded to “market perform” by analysts at Raymond James.

05/28/2014 – Ignite Restaurant Group, Inc. was upgraded to “hold” by analysts at ING.

11/08/2013 – Ignite Restaurant Group, Inc. was downgraded to “sell” by analysts at TheStreet.

Ignite Restaurant Group, Inc. has a 50 day moving average of 0.77 and a 200 day moving average of 1.76. The stock’s market capitalization is 13.41M, it has a 52-week low of 0.50 and a 52-week high of 5.00.

The share price of the company (NASDAQ:IRG) was up +2.02%, with a high of 0.54 during the day and the volume of Ignite Restaurant Group, Inc. shares traded was 89937.

Ignite Restaurant Group, Inc. is a diversified restaurant company. The Company operates a portfolio of two restaurant brands, including Joe’s Crab Shack (Joe’s) and Brick House Tavern + Tap (Brick House). The Company manages its restaurant brands, Joe’s and Brick House, as operating segments. Joe’s and Brick House operate in a set of markets across the United States. As of June 27, 2016, it operated127 Joe’s restaurants and 26 Brick House restaurants in 33 states within the United States and franchised one Joe’s restaurant in Dubai, the United Arab Emirates (U.A.E). Joe’s restaurants’ menus include the Steampots and Buckets of Crab categories, which allow guests to choose between seasonal varieties of crab (Queen, Snow, Dungeness and King) and whole lobster. As of December 28, 2015, Brick House’s menu included 13 appetizers; 38 entrees; a Meatball category, including Greek, buffalo chicken and drunken pork varieties; seasonal daily specials; brunch; dessert, and specialty cocktails.