Last $7.86 USD
Change Today -0.08 / -1.01%
Volume 39.6K
IRG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

ignite restaurant group inc (IRG) Snapshot

Open
$7.97
Previous Close
$7.94
Day High
$8.24
Day Low
$7.84
52 Week High
05/1/14 - $16.29
52 Week Low
10/13/14 - $5.68
Market Cap
205.9M
Average Volume 10 Days
234.8K
EPS TTM
$-0.16
Shares Outstanding
26.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for IGNITE RESTAURANT GROUP INC (IRG)

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ignite restaurant group inc (IRG) Details

Ignite Restaurant Group, Inc., a diversified restaurant company, operates a portfolio of restaurants in the United States. The company operates three restaurants under the Joe's Crab Shack, Brick House Tavern + Tap, and Romano's Macaroni Grill brands. Its restaurant offers a range of food and beverages. As of December 30, 2013, the company owned and operated 136 Joe's Crab Shacks, 20 Brick House Tavern + Taps, and 179 Romano's Macaroni Grills in 36 states. It also franchises 24 Macaroni Grills in 4 states and 10 international markets. The company was formerly known as Joe's Crab Shack Holdings, Inc. and changed its name to Ignite Restaurant Group, Inc. in July 2009. Ignite Restaurant Group, Inc. was founded in 1991 and is headquartered in Houston, Texas.

19,800 Employees
Last Reported Date: 03/5/14
Founded in 1991

ignite restaurant group inc (IRG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $781.3K
President and Chief Financial Officer
Total Annual Compensation: $573.5K
Senior Vice President and President of Joe's ...
Total Annual Compensation: $386.0K
President of Brick House Tavern + Tap
Total Annual Compensation: $249.2K
Compensation as of Fiscal Year 2013.

ignite restaurant group inc (IRG) Key Developments

Ignite Restaurant Group Announces Consolidated Earnings Results for Third Quarter and Nine Months Ended Sept. 29, 2014; Reports Asset Impairment Charge for Third Quarter of 2014; Provides CapEx Guidance for 2014; Plans to Open New Stores

Ignite Restaurant Group announced consolidated earnings results for third quarter and nine months ended Sept. 29, 2014. For the quarter, the company reported revenues of $215,228,000, loss from operations of $7,581,000, loss before income taxes of $12,531,000, net loss of $6,530,000 or $0.25 per basic and diluted share, adjusted net loss of $2,074,000 or $0.08 per basic and diluted share, compared to the revenues of $227,626,000, loss from operations of $3,673,000, loss before income taxes of $4,708,000, net loss of $1,937,000 or $0.08 per basic and diluted share, adjusted net loss of $952,000 or $0.04 per basic and diluted share, for the same quarter a year ago. For the year to date, the company reported revenues of $659,934,000, loss from operations of $5,527,000, loss before income taxes of $14,120,000, net loss of $5,028,000 or $0.2 per basic and diluted share, adjusted net income of $226,000 or $0.01 per basic and diluted share, compared to the revenues of $573,998,000, loss from operations of $3,114,000, loss before income taxes of $5,985,000, net loss of $2,214,000 or $0.09 per basic and diluted share, adjusted net income of $2,747,000 or $0.11 per basic and diluted share, for the same period a year ago. The company reported CapEx of about $21 million for year to date. The company reported asset impairment charge of $1,770,000 for the third quarter of 2014. The company provided CapEx guidance for the full year of 2014. For the period, the company expects CapEx of around $30 million for the full year. Effective tax rate for the full year is projected to be a benefit, somewhere between 45% to 55%. The company plans to open new stores. On the development front, the company still has one Joe's location that will open in mid-November and one Brick House location under construction that would likely opening in mid first quarter. The company also has 4 additional locations ready for conversion to Brick House. preliminary outlook for 2015 is to open as many as 6 Brick House locations, through conversion of Mac Grills. The company currently don't have any new location -- any new locations planned for Joe's, but will complete some remodels.

Ignite Restaurant Group, Inc. to Report Q3, 2014 Results on Oct 29, 2014

Ignite Restaurant Group, Inc. announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Oct 29, 2014

Ignite Restaurant Group, Inc., Q3 2014 Earnings Call, Oct 29, 2014

Ignite Restaurant Group, Inc., Q3 2014 Earnings Call, Oct 29, 2014

 

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Industry Analysis

IRG

Industry Average

Valuation IRG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book 2.0x
Price/Cash Flow 9.1x
TEV/Sales 0.1x
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