RCI Hospitality’s (RICK) Buy Rating Reiterated at HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research report issued to clients and investors on Wednesday, Benzinga reports. They presently have a $98.00 target price on the restaurant operator’s stock. HC Wainwright’s price objective indicates a potential upside of 136.14% from the stock’s current price.

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

RCI Hospitality Stock Up 0.3 %

Shares of NASDAQ:RICK opened at $41.50 on Wednesday. The stock has a market capitalization of $386.99 million, a P/E ratio of 20.34 and a beta of 1.55. The stock’s 50-day moving average price is $44.43 and its 200-day moving average price is $46.71. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $69.40.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($1.27). The company had revenue of $76.18 million for the quarter, compared to the consensus estimate 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. On average, equities analysts anticipate that RCI Hospitality will post 0.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Progeny 3 Inc. boosted its holdings in shares of RCI Hospitality by 23.5% during the 2nd quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock valued at $20,080,000 after buying an additional 87,832 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in RCI Hospitality by 24.4% during the 1st quarter. Russell Investments Group Ltd. now owns 27,733 shares of the restaurant operator’s stock valued at $1,609,000 after purchasing an additional 5,432 shares during the last quarter. DHK Financial Advisors Inc. bought a new stake in shares of RCI Hospitality in the 2nd quarter worth $1,699,000. BNP Paribas Financial Markets raised its stake in shares of RCI Hospitality by 9.8% in the first quarter. BNP Paribas Financial Markets now owns 7,719 shares of the restaurant operator’s stock worth $448,000 after purchasing an additional 690 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of RCI Hospitality by 1.9% during the first 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 in the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

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.