RCI Hospitality (NASDAQ:RICK) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued to investors on Wednesday.
Several other research firms also recently issued reports on RICK. Westpark Capital set a $34.00 price objective on RCI Hospitality and gave the company a “buy” rating in a report on Tuesday, January 16th. BidaskClub upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded RCI Hospitality from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Wednesday, January 24th. Finally, ValuEngine upgraded RCI Hospitality from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Four investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $34.50.
NASDAQ:RICK opened at $32.28 on Wednesday. RCI Hospitality has a 52 week low of $30.65 and a 52 week high of $30.97. The company has a current ratio of 1.16, a quick ratio of 0.89 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $303.79 million, a price-to-earnings ratio of 22.57 and a beta of 0.42.
RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Thursday, May 10th. The restaurant operator reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.14. RCI Hospitality had a return on equity of 13.51% and a net margin of 12.95%. The company had revenue of $41.23 million for the quarter, compared to the consensus estimate of $40.27 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. research analysts predict that RCI Hospitality will post 2.08 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of RICK. Wells Fargo & Company MN purchased a new stake in shares of RCI Hospitality in the 3rd quarter valued at $338,000. Bessemer Group Inc. raised its holdings in shares of RCI Hospitality by 31.0% in the 4th quarter. Bessemer Group Inc. now owns 11,400 shares of the restaurant operator’s stock valued at $319,000 after buying an additional 2,700 shares during the period. Opus Capital Group LLC purchased a new stake in shares of RCI Hospitality in the 4th quarter valued at $2,998,000. California Public Employees Retirement System raised its holdings in shares of RCI Hospitality by 33.2% in the 4th quarter. California Public Employees Retirement System now owns 46,763 shares of the restaurant operator’s stock valued at $1,308,000 after buying an additional 11,663 shares during the period. Finally, First Trust Advisors LP purchased a new stake in shares of RCI Hospitality in the 4th quarter valued at $224,000. Hedge funds and other institutional investors own 49.07% of the company’s stock.
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 two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.
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