StockNews.com Upgrades RCI Hospitality (NASDAQ:RICK) to “Buy”

RCI Hospitality (NASDAQ:RICK) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Monday.

Separately, HC Wainwright reissued a “buy” rating and issued a $98.00 price objective on shares of RCI Hospitality in a research note on Tuesday, September 17th.

RCI Hospitality Price Performance

RCI Hospitality stock opened at $41.50 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90. RCI Hospitality has a 52 week low of $37.61 and a 52 week high of $69.40. The stock has a market capitalization of $386.99 million, a P/E ratio of 20.34 and a beta of 1.55. The stock has a fifty day moving average of $44.43 and a 200-day moving average of $46.71.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.71 by ($1.27). RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. The business had revenue of $76.18 million for the quarter, compared to analyst estimates of $72.79 million. RCI Hospitality’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, sell-side analysts expect that RCI Hospitality will post 0.69 earnings per share for the current fiscal year.

Institutional Trading of RCI Hospitality

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Annex Advisory Services LLC boosted its position in RCI Hospitality by 6.5% during the 1st quarter. Annex Advisory Services LLC now owns 6,947 shares of the restaurant operator’s stock worth $403,000 after buying an additional 427 shares during the period. BNP Paribas Financial Markets grew its stake in shares of RCI Hospitality by 9.8% in the first quarter. BNP Paribas Financial Markets now owns 7,719 shares of the restaurant operator’s stock worth $448,000 after purchasing an additional 690 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in RCI Hospitality by 24.4% in the first quarter. Russell Investments Group Ltd. now owns 27,733 shares of the restaurant operator’s stock valued at $1,609,000 after purchasing an additional 5,432 shares during the period. Vanguard Group Inc. raised its position in RCI Hospitality by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock worth $29,118,000 after purchasing an additional 9,218 shares during the last quarter. Finally, EntryPoint Capital LLC raised its position in RCI Hospitality by 246.3% during the 1st quarter. EntryPoint Capital LLC now owns 3,958 shares of the restaurant operator’s stock worth $230,000 after purchasing an additional 2,815 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.