Seeking Alpha

Ignite Restaurant Group (IRG) was incorporated in 2002 in Houston, Texas but was recently introduced as a publicly traded stock when it unleashed its Initial Public Offering in May of 2012. Since the IPO, Ignite has sparked an explosion and shareholders have reaped solid returns. The stock has rallied over $7 from the first of the year to Monday's (7/15/13) price of just over $20 per share. Ignite is comprised of three unique restaurant concepts and is rapidly expanding. As of June 20th 2013, IRG owned and operated 134 Joe's Crab Shacks, 186 Romano's Macaroni Grills, and 16 Brick House Tavern + Taps; and franchised 24 Romano's Macaroni Grills in the United States and Puerto Rico, as...

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