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.
Industry, Sector and Symbol:
- Sector: Retail/Wholesale
- Industry: Hotels Restaurants & Leisure
- Sub-Industry: Restaurants
- Symbol: NASDAQ:IRG
- CUSIP: 45173010
- Web: www.igniterestaurants.com
- 50 Day Moving Avg: $0.37
- 200 Day Moving Avg: $0.43
- 52 Week Range: $0.19 - $2.96
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -1.75
- P/E Growth: 0.00
- Net Margins: -10.30%
- Return on Equity: -90.09%
- Return on Assets: -4.64%
- Debt-to-Equity Ratio: -5.70%
- Current Ratio: 0.27%
- Quick Ratio: 0.16%
- Average Volume: 78,751 shs.
- Beta: 0.59
Frequently Asked Questions for Ignite Restaurant Group (NASDAQ:IRG)
What is Ignite Restaurant Group's stock symbol?
Ignite Restaurant Group trades on the NASDAQ under the ticker symbol "IRG."
How were Ignite Restaurant Group's earnings last quarter?
Ignite Restaurant Group Inc (NASDAQ:IRG) issued its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.05) by $0.08. The company had revenue of $119.94 million for the quarter, compared to the consensus estimate of $117.93 million. Ignite Restaurant Group had a negative return on equity of 90.09% and a negative net margin of 10.30%. The company's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. View Ignite Restaurant Group's Earnings History.
Who are some of Ignite Restaurant Group's key competitors?
Some companies that are related to Ignite Restaurant Group include Amazon.com (AMZN), Alibaba Group Holding Limited (BABA), Wal-Mart Stores (WMT), Home Depot, Inc. (The) (HD), McDonald's Corporation (MCD), Inditex (IDEXY), The Priceline Group (PCLN), Starbucks Corporation (SBUX), Walgreens Boots Alliance (WBA), CVS Health Corporation (CVS), Costco Wholesale Corporation (COST), Lowe's Companies (LOW), JD.com (JD), TJX Companies, Inc. (The) (TJX), Kering Unspon (PPRUY), Wal-Mart de Mexico SAB de CV (WMMVY), eBay (EBAY) and Compass Group PLC (CMPGY).
Who are Ignite Restaurant Group's key executives?
Ignite Restaurant Group's management team includes the folowing people:
- Paul R. Vigano, Chairman of the Board
Who owns Ignite Restaurant Group stock?
Ignite Restaurant Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include First Manhattan Co. (0.00%). Company insiders that own Ignite Restaurant Group stock include Brad Alan Leist and Robert Stephen Merritt. View Institutional Ownership Trends for Ignite Restaurant Group.
Who bought Ignite Restaurant Group stock? Who is buying Ignite Restaurant Group stock?
Ignite Restaurant Group's stock was bought by a variety of institutional investors in the last quarter, including First Manhattan Co.. Company insiders that have bought Ignite Restaurant Group stock in the last two years include Brad Alan Leist and Robert Stephen Merritt. View Insider Buying and Selling for Ignite Restaurant Group.
How do I buy Ignite Restaurant Group stock?
Shares of Ignite Restaurant Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ignite Restaurant Group's stock price today?
MarketBeat Community Rating for Ignite Restaurant Group (NASDAQ IRG)MarketBeat's community ratings are surveys of what our community members think about Ignite Restaurant Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ignite Restaurant Group stock can currently be purchased for approximately $0.42.
Consensus Ratings for Ignite Restaurant Group (NASDAQ:IRG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Ignite Restaurant Group (NASDAQ:IRG)
(Data available from 6/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/28/2015||Sidoti||Upgrade||Neutral -> Buy||N/A|
Earnings History for Ignite Restaurant Group (NASDAQ:IRG)Earnings History by Quarter for Ignite Restaurant Group (NASDAQ IRG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/2/2016||Q316||($0.05)||$0.03||$117.93 million||$119.94 million||View||N/A|
|5/4/2016||Q116||($0.03)||($0.04)||$119.51 million||$117.90 million||View||N/A|
|3/3/2016||Q415||($0.23)||($0.29)||$91.82 million||$93.30 million||View||Listen|
|11/5/2015||Q315||$0.02||$0.07||$136.37 million||$133.40 million||View||N/A|
|8/6/2015||Q215||$0.04||$0.09||$144.05 million||$143.17 million||View||N/A|
|5/4/2015||Q115||($0.08)||($0.04)||$123.30 million||$122.20 million||View||N/A|
|3/12/2015||Q414||($0.27)||($0.25)||$179.40 million||$177.30 million||View||N/A|
|10/29/2014||Q314||($0.04)||($0.08)||$215.40 million||$215.23 million||View||N/A|
|8/7/2014||Q214||$0.24||$0.08||$238.74 million||$229.80 million||View||N/A|
|4/30/2014||Q114||($0.11)||$0.01||$210.21 million||$214.90 million||View||N/A|
|3/4/2014||Q413||($0.23)||($0.16)||$183.92 million||$186.90 million||View||N/A|
|11/5/2013||Q313||$0.21||($0.04)||$232.61 million||$227.60 million||View||N/A|
|8/7/2013||Q2 2013||$0.15||$0.04||$227.13 million||$228.10 million||View||N/A|
|5/7/2013||Q1 2013||$0.12||$0.11||$120.62 million||$118.24 million||View||N/A|
Earnings Estimates for Ignite Restaurant Group (NASDAQ:IRG)
Current Year EPS Consensus Estimate: $-0.30 EPS
Next Year EPS Consensus Estimate: $-0.24 EPS
Dividend History for Ignite Restaurant Group (NASDAQ:IRG)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Ignite Restaurant Group (NASDAQ:IRG)
Insider Ownership Percentage: 67.70%Insider Trades by Quarter for Ignite Restaurant Group (NASDAQ:IRG)
Institutional Ownership Percentage: 83.54%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/6/2016||Robert Stephen Merritt||CEO||Buy||20,000||$0.84||$16,800.00|| |
|8/18/2016||Brad Alan Leist||CFO||Buy||20,000||$1.20||$24,000.00|| |
|6/3/2015||David G Catalano||COO||Buy||25,000||$4.51||$112,750.00|| |
|5/29/2015||Raymond A Blanchette III||CEO||Buy||12,630||$3.84||$48,499.20|| |
|5/10/2013||John F Gilbert III||Director||Sell||10,000||$18.12||$181,200.00|| |
|11/12/2012||John F Gilbert III||Director||Buy||4,000||$12.41||$49,640.00|| |
Headline Trends for Ignite Restaurant Group (NASDAQ:IRG)
Latest Headlines for Ignite Restaurant Group (NASDAQ:IRG)
|[$$] Joe's Crab Shack Spawns Bankruptcy Bidding War|
finance.yahoo.com - June 19 at 10:01 PM
|Lost at sea: How Joe's Crab Shack's parent co. failed to stay afloat|
www.bizjournals.com - June 17 at 4:56 AM
|Joe’s Crab Shack, Brick House Tavern Owner Seeks Bankruptcy Protection|
www.wsj.com - June 7 at 10:03 AM
|Joe’s Crab Shack Owner Files for Bankruptcy After Sales Drop|
www.bloomberg.com - June 6 at 11:32 PM
|Joe's Crab Shack owner finds buyer, files for bankruptcy|
www.bizjournals.com - June 6 at 11:32 PM
|Joe's Crab Shack owner Ignite Restaurant Group files for bankruptcy|
www.marketwatch.com - June 6 at 11:32 PM
|Ignite reports 1Q loss|
finance.yahoo.com - May 17 at 5:55 PM
|The restaurant industry is in the depths of a recession — and chains are only making the problem worse|
www.businessinsider.com - May 13 at 5:37 PM
|BRIEF-Ignite Restaurant Group on May 8 co, forbearing lenders entered into an amendment to forbearance agreement|
www.reuters.com - May 11 at 11:34 PM
|Joe's Crab Shack parent co. names permanent COO amid bankruptcy reports|
finance.yahoo.com - May 8 at 5:37 PM
|Ignite Restaurant Group expected to file for bankruptcy|
seekingalpha.com - May 4 at 6:08 PM
|Joe’s Crab Shack Owner Said to Prepare Bankruptcy Filing|
finance.yahoo.com - May 4 at 6:08 PM
|Joe's Crab Shack parent company reportedly considering bankruptcy|
finance.yahoo.com - May 4 at 6:08 PM
|Ignite Restaurant Group (IRG) Getting Very Favorable Media Coverage, Report Shows|
www.americanbankingnews.com - April 29 at 9:48 AM
|Delisting of Securities of Gordmans Stores, Inc., Unilife Corporation, Osiris Therapeutics, Inc.,|
www.nasdaq.com - April 27 at 6:33 PM
|Form 4 Ignite Restaurant Group, For: Apr 17 Filed by: Leist Brad Alan|
www.streetinsider.com - April 19 at 11:20 AM
|Cui Bono, Cempra? - Seeking Alpha|
seekingalpha.com - April 8 at 8:59 AM
|BRIEF-Ignite Restaurant Group announces sale process and leadership changes|
www.reuters.com - April 3 at 10:47 PM
|Joe’s Crab Shack parent co. names new CEO as it prepares for sale|
www.bizjournals.com - April 3 at 10:47 PM
|Ignite Restaurant Group Announces Sale Process and Leadership Changes|
finance.yahoo.com - April 3 at 5:44 PM
|Joe's Crab Shack parent company has been delisted|
www.bizjournals.com - March 14 at 11:47 AM
|Joe's Crab Shack parent company faces delisting|
www.bizjournals.com - January 30 at 6:42 PM
|Ignite Restaurant Group's (IRG) CEO Bob Merritt on Q3 2016 Results - Earnings Call Transcript|
seekingalpha.com - November 4 at 10:36 PM
|Edited Transcript of IRG earnings conference call or presentation 2-Nov-16 9:00pm GMT|
finance.yahoo.com - November 3 at 5:37 PM
|Q3 2016 Ignite Restaurant Group Inc Earnings Release - After Market Close|
biz.yahoo.com - November 2 at 9:08 AM
|IGNITE RESTAURANT GROUP, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule|
biz.yahoo.com - October 19 at 6:01 PM
|Ignite Restaurant Group, Inc. to Present at the CL King’s 14th Best Ideas Conference|
finance.yahoo.com - September 7 at 5:50 PM
|Ignite Restaurant Group Inc (IRG.O)|
www.reuters.com - August 8 at 5:52 PM
|BRIEF-Ignite Restaurant Group Q2 adj. loss per share $0.04|
www.reuters.com - August 4 at 6:00 PM
|Ignite Restaurant Group's (IRG) CEO Robert Merritt on Q2 2016 Results - Earnings Call Transcript|
seekingalpha.com - August 4 at 6:00 PM
|Edited Transcript of IRG earnings conference call or presentation 3-Aug-16 9:00pm GMT|
finance.yahoo.com - August 4 at 8:44 AM
|IGNITE RESTAURANT GROUP, INC. Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - August 3 at 6:00 PM
|IGNITE RESTAURANT GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Notice of Delisting|
biz.yahoo.com - August 3 at 6:00 PM
|Q2 2016 Ignite Restaurant Group Inc Earnings Release - After Market Close|
biz.yahoo.com - August 3 at 8:55 AM
|Ignite Restaurant Group, Inc. to Announce Second Quarter 2016 Results on August 3, 2016|
finance.yahoo.com - July 18 at 3:47 PM
|IGNITE RESTAURANT GROUP, INC. Files SEC form 8-K, Change in Directors or Principal Officers|
biz.yahoo.com - July 14 at 4:27 PM
Ignite Restaurant Group (IRG) Chart for Thursday, June, 22, 2017