HC Wainwright Reiterates “Buy” Rating for RCI Hospitality (NASDAQ:RICK)

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They currently have a $98.00 price objective on the restaurant operator’s stock. HC Wainwright’s target price points to a potential upside of 72.17% from the company’s current price.

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

RCI Hospitality Price Performance

Shares of RCI Hospitality stock opened at $56.92 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $48.80 and a 200-day simple moving average of $45.91. The stock has a market capitalization of $512.11 million, a price-to-earnings ratio of 109.46 and a beta of 1.60. RCI Hospitality has a 1-year low of $37.61 and a 1-year high of $68.26.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Partners LLC acquired a new stake in RCI Hospitality in the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. grew its position in RCI Hospitality by 254.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after buying an additional 498 shares in the last quarter. Copeland Capital Management LLC bought a new position in RCI Hospitality during the third quarter valued at about $54,000. Victory Capital Management Inc. acquired a new position in RCI Hospitality in the 2nd quarter valued at approximately $76,000. Finally, FMR LLC raised its holdings in RCI Hospitality by 132.6% in the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,026 shares in the last quarter. Institutional investors own 53.82% of the company’s stock.

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.