RCI Hospitality (NASDAQ:RICK) Given “Buy” Rating at HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a report released on Wednesday, Benzinga reports. They presently have a $98.00 price target on the restaurant operator’s stock. HC Wainwright’s target price would suggest a potential upside of 110.21% from the stock’s current price.

Separately, StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday, October 7th.

RCI Hospitality Trading Up 7.7 %

RICK stock opened at $46.62 on Wednesday. The business’s 50-day moving average is $43.72 and its 200 day moving average is $45.23. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The stock has a market cap of $419.58 million, a price-to-earnings ratio of 89.66 and a beta of 1.56. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $69.40.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($1.27). The firm had revenue of $76.18 million for the quarter, compared to analyst estimates of $72.79 million. RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. RCI Hospitality’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that RCI Hospitality will post 0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On RCI Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in RCI Hospitality by 6.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,204 shares of the restaurant operator’s stock worth $360,000 after purchasing an additional 371 shares during the last quarter. Ridgewood Investments LLC lifted its stake in RCI Hospitality by 2.4% in the second quarter. Ridgewood Investments LLC now owns 25,558 shares of the restaurant operator’s stock valued at $1,113,000 after buying an additional 600 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of RCI Hospitality by 9.8% during the first quarter. BNP Paribas Financial Markets now owns 7,719 shares of the restaurant operator’s stock worth $448,000 after acquiring an additional 690 shares during the last quarter. Copeland Capital Management LLC acquired a new position in shares of RCI Hospitality in the 3rd quarter valued at $54,000. Finally, Rhumbline Advisers boosted its stake in RCI Hospitality by 12.9% during the 2nd quarter. Rhumbline Advisers now owns 12,994 shares of the restaurant operator’s stock worth $566,000 after purchasing an additional 1,481 shares during the period. 53.82% of the stock is currently owned by institutional investors and hedge funds.

About RCI Hospitality

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.