RCI Hospitality (NASDAQ:RICK – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.
Separately, HC Wainwright restated a “buy” rating and issued a $98.00 target price on shares of RCI Hospitality in a research note on Tuesday, September 17th.
Read Our Latest Analysis on RCI Hospitality
RCI Hospitality Stock Performance
RCI Hospitality (NASDAQ:RICK – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. The business had revenue of $76.18 million for the quarter, compared to analyst estimates of $72.79 million. The company’s revenue was down 1.1% compared to the same quarter last year. Analysts predict that RCI Hospitality will post 0.69 EPS for the current fiscal year.
Institutional Trading of RCI Hospitality
Large investors have recently made changes to their positions in the business. Victory Capital Management Inc. bought a new stake in shares of RCI Hospitality during the second quarter worth $76,000. Point72 Asset Management L.P. bought a new stake in shares of RCI Hospitality during the second quarter worth $88,000. EntryPoint Capital LLC grew its holdings in shares of RCI Hospitality by 246.3% during the first 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 last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of RCI Hospitality during the second quarter worth $175,000. Finally, SG Americas Securities LLC bought a new stake in shares of RCI Hospitality during the second quarter worth $177,000. Institutional investors 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.
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