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

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report issued on Wednesday,Benzinga reports. They presently have a $98.00 price objective on the restaurant operator’s stock. HC Wainwright’s price target would indicate a potential upside of 91.86% from the company’s previous close.

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

RCI Hospitality Price Performance

Shares of RICK opened at $51.08 on Wednesday. The company has a market cap of $454.61 million, a price-to-earnings ratio of 159.63 and a beta of 1.55. RCI Hospitality has a twelve month low of $37.61 and a twelve month high of $61.66. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $54.84 and a two-hundred day moving average of $48.94.

Institutional Investors Weigh In On RCI Hospitality

Several institutional investors and hedge funds have recently made changes to their positions in RICK. Quest Partners LLC acquired a new stake in shares of RCI Hospitality during the third quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of 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 during the period. Heck Capital Advisors LLC acquired a new stake in shares of RCI Hospitality during the fourth quarter worth $53,000. Copeland Capital Management LLC acquired a new stake in shares of RCI Hospitality during the third quarter worth $54,000. Finally, AlphaQuest LLC lifted its stake in shares of RCI Hospitality by 107.4% during the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock worth $77,000 after buying an additional 693 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.