HC Wainwright Reaffirms Buy Rating for RCI Hospitality (NASDAQ:RICK)

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a note issued to investors on Friday,Benzinga reports. They currently have a $98.00 price objective on the restaurant operator’s stock. HC Wainwright’s price objective suggests a potential upside of 80.81% from the stock’s current price. HC Wainwright also issued estimates for RCI Hospitality’s Q1 2025 earnings at $0.52 EPS, Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.39 EPS and FY2025 earnings at $3.98 EPS.

Separately, StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 17th.

RCI Hospitality Price Performance

Shares of NASDAQ RICK opened at $54.20 on Friday. The firm has a market cap of $482.38 million, a P/E ratio of 104.23 and a beta of 1.57. 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 1-year low of $37.61 and a 1-year high of $63.76. The business’s 50 day moving average is $53.14 and its 200-day moving average is $47.34.

Hedge Funds Weigh In On RCI Hospitality

Hedge funds have recently added to or reduced their stakes in the stock. Progeny 3 Inc. increased its stake in RCI Hospitality by 23.5% during the 2nd quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock worth $20,080,000 after acquiring an additional 87,832 shares during the period. Barclays PLC increased its stake in RCI Hospitality by 330.2% during the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 10,433 shares during the period. DHK Financial Advisors Inc. bought a new position in RCI Hospitality during the 2nd quarter worth $1,699,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in RCI Hospitality by 20.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,507 shares of the restaurant operator’s stock worth $602,000 after acquiring an additional 2,252 shares during the period. Finally, Quest Partners LLC bought a new position in RCI Hospitality during the 3rd quarter worth $29,000. 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.