RCI Hospitality (NASDAQ:RICK) Downgraded by StockNews.com to “Hold”

RCI Hospitality (NASDAQ:RICK) was downgraded by research 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 price target on shares of RCI Hospitality in a report on Tuesday.

RCI Hospitality Stock Down 1.0 %

Shares of RICK stock traded down $0.46 during trading hours on Wednesday, reaching $45.20. 89,902 shares of the stock were exchanged, compared to its average volume of 78,438. The business’s fifty day moving average is $45.29 and its two-hundred day moving average is $47.91. The firm has a market capitalization of $406.80 million, a P/E ratio of 22.16, a P/E/G ratio of 5.38 and a beta of 1.56. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $69.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.82.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported ($0.56) 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 analysts’ expectations 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 was down 1.1% on a year-over-year basis. As a group, research analysts expect that RCI Hospitality will post 0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Progeny 3 Inc. grew its stake in RCI Hospitality by 69.9% during the 1st quarter. Progeny 3 Inc. now owns 373,136 shares of the restaurant operator’s stock worth $21,642,000 after buying an additional 153,561 shares during the last quarter. DHK Financial Advisors Inc. purchased a new position in shares of RCI Hospitality during the second quarter worth approximately $1,699,000. Corient Private Wealth LLC acquired a new position in shares of RCI Hospitality in the 4th quarter valued at $910,000. Aptus Capital Advisors LLC increased its holdings 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 period. Finally, Vanguard Group Inc. raised its position in RCI Hospitality by 1.9% in the 1st 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. Institutional investors and hedge funds 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.