Ignite Restaurant Group Reports First Quarter 2015 Financial Results

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Go back to Ignite Restaurant Group Reports First Quarter 2015 Financial Results

Piper Jaffray Downgrades Ignite Restaurant Group (IRG) to Underweight

May 5, 2015 6:42 AM EDT

Piper Jaffray downgraded Ignite Restaurant Group (NASDAQ: IRG) from Neutral to Underweight with a price target of $3.00 (from $5.00) following Q1 results.

Analyst Nicole Miller Regan commented, "While management refocuses efforts to build momentum at its original core brands, the lack of stability in... More

Ignite Restaurant Group (IRG) Tops Q1 EPS by 4c

May 4, 2015 4:02 PM EDT

Ignite Restaurant Group (NASDAQ: IRG) reported Q1 EPS of ($0.04), $0.04 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $122.2 million versus the consensus estimate of $123.3 million.

Comparable restaurant sales increased 5.4% at Brick House Tavern + Tap and decreased 3.8% at Joes Crab... More