Piper Jaffray Downgrades Ignite Restaurant Group To Underweight

Analysts at Piper Jaffray downgraded

from Neutral to Underweight. The price target for Ignite Restaurant Group has been lowered from $5.00 to $3.00. Ignite Restaurant Group shares have dropped 76.45 percent over the past 52 weeks, while the S&P 500 index has surged 13.21 percent in the same period. Ignite Restaurant Group's shares fell 2.99 percent to close at $3.57 yesterday.