RCI Hospitality (NASDAQ:RICK) Rating Lowered to Hold at StockNews.com

RCI Hospitality (NASDAQ:RICK) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a report on Tuesday.

RCI Hospitality Trading Up 3.2 %

Shares of RICK stock opened at $46.65 on Wednesday. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $69.40. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average of $45.43 and a 200-day moving average of $47.89. The firm has a market cap of $435.01 million, a P/E ratio of 22.65, a PEG ratio of 5.38 and a beta of 1.56.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). The firm had revenue of $76.18 million during the quarter, compared to the consensus estimate of $72.79 million. RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. The business’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts anticipate that RCI Hospitality will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On RCI Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Progeny 3 Inc. boosted its holdings in shares of RCI Hospitality by 69.9% in the 1st quarter. Progeny 3 Inc. now owns 373,136 shares of the restaurant operator’s stock worth $21,642,000 after purchasing an additional 153,561 shares in the last quarter. DHK Financial Advisors Inc. bought a new stake in RCI Hospitality in the second quarter worth $1,699,000. Corient Private Wealth LLC bought a new position in shares of RCI Hospitality during the fourth quarter valued at about $910,000. Aptus Capital Advisors LLC lifted its stake in shares of RCI Hospitality by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock valued at $2,250,000 after acquiring an additional 10,275 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in RCI Hospitality by 1.9% in the first quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock valued at $29,118,000 after purchasing an additional 9,218 shares during the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.

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.