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

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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