RCI Hospitality (NASDAQ:RICK) Receives Buy Rating from HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a report released on Friday,Benzinga reports. They presently have a $98.00 target price on the restaurant operator’s stock. HC Wainwright’s price target points to a potential upside of 73.21% from the stock’s previous close.

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

RCI Hospitality Stock Down 1.3 %

Shares of NASDAQ RICK opened at $56.58 on Friday. The stock has a market cap of $503.56 million, a P/E ratio of 108.81 and a beta of 1.57. The business’s fifty day simple moving average is $52.92 and its 200-day simple moving average is $47.24. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $63.87. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of RCI Hospitality by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock worth $2,644,000 after purchasing an additional 4,126 shares during the period. Rhumbline Advisers grew its holdings in RCI Hospitality by 12.9% in the second quarter. Rhumbline Advisers now owns 12,994 shares of the restaurant operator’s stock valued at $566,000 after purchasing an additional 1,481 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in RCI Hospitality in the 2nd quarter valued at approximately $76,000. American Century Companies Inc. boosted its position in shares of RCI Hospitality by 14.7% in the second quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after acquiring an additional 6,174 shares during the last quarter. Finally, DHK Financial Advisors Inc. purchased a new position in shares of RCI Hospitality in the 2nd quarter worth $1,699,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

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.