RCI Hospitality (NASDAQ:RICK) Rating Reiterated by HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $98.00 target price on the restaurant operator’s stock. HC Wainwright’s price objective suggests a potential upside of 116.81% from the company’s current price.

Separately, StockNews.com raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, August 21st.

RCI Hospitality Price Performance

Shares of NASDAQ:RICK opened at $45.20 on Tuesday. The company has a market cap of $421.49 million, a P/E ratio of 22.16, a P/E/G ratio of 5.38 and a beta of 1.56. The business has a fifty day simple moving average of $45.29 and a 200-day simple moving average of $47.91. RCI Hospitality has a 52 week low of $37.61 and a 52 week 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.

RCI Hospitality (NASDAQ:RICK) last released 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 for the quarter, compared to analyst estimates of $72.79 million. RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts forecast that RCI Hospitality will post 0.69 EPS for the current year.

Hedge Funds Weigh In On RCI Hospitality

A number of hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of RCI Hospitality during the 2nd quarter valued at approximately $76,000. Point72 Asset Management L.P. bought a new stake in RCI Hospitality during the second quarter valued at $88,000. Cubist Systematic Strategies LLC acquired a new stake in shares of RCI Hospitality during the second quarter worth $175,000. SG Americas Securities LLC acquired a new stake in RCI Hospitality during the second quarter worth about $177,000. Finally, EntryPoint Capital LLC raised its position in shares of RCI Hospitality by 246.3% during the 1st quarter. EntryPoint Capital LLC now owns 3,958 shares of the restaurant operator’s stock worth $230,000 after purchasing an additional 2,815 shares during the period. 53.82% of the stock is currently owned by institutional investors and hedge funds.

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.