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

HC Wainwright reaffirmed their buy rating on shares of RCI Hospitality (NASDAQ:RICK) in a report published on Wednesday morning,Benzinga reports. The firm currently has a $98.00 price objective on the restaurant operator’s stock.

Separately, StockNews.com cut shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

RCI Hospitality Price Performance

RICK stock opened at $50.41 on Wednesday. The company has a market capitalization of $448.65 million, a PE ratio of 157.54 and a beta of 1.55. The company’s fifty day moving average price is $54.84 and its 200-day moving average price is $48.92. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 0.98. RCI Hospitality has a one year low of $37.61 and a one year high of $61.66.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend was Monday, December 16th. RCI Hospitality’s dividend payout ratio is presently 87.50%.

Hedge Funds Weigh In On RCI Hospitality

A number of institutional investors have recently bought and sold shares of the business. Quest Partners LLC acquired a new stake in shares of RCI Hospitality during the 3rd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of RCI Hospitality by 254.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 498 shares during the period. Heck Capital Advisors LLC acquired a new stake in shares of RCI Hospitality during the 4th quarter worth approximately $53,000. Copeland Capital Management LLC acquired a new stake in shares of RCI Hospitality during the 3rd quarter worth approximately $54,000. Finally, AlphaQuest LLC grew its stake in shares of RCI Hospitality by 107.4% during the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 693 shares during the period. 53.82% of the stock is owned by hedge funds and other 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.