StockNews.com Upgrades RCI Hospitality (NASDAQ:RICK) to “Buy”

RCI Hospitality (NASDAQ:RICK) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Separately, HC Wainwright reiterated a “buy” rating and issued a $98.00 price objective on shares of RCI Hospitality in a research note on Wednesday.

RCI Hospitality Stock Performance

NASDAQ RICK opened at $51.08 on Wednesday. RCI Hospitality has a 52-week low of $37.61 and a 52-week high of $61.66. The company has a 50-day simple moving average of $54.84 and a 200 day simple moving average of $48.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 0.98. The company has a market capitalization of $454.61 million, a PE ratio of 159.63 and a beta of 1.55.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in shares of RCI Hospitality in the third quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of RCI Hospitality by 254.1% in 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. Heck Capital Advisors LLC purchased a new stake in shares of RCI Hospitality in the fourth quarter worth about $53,000. Copeland Capital Management LLC purchased a new position in RCI Hospitality during the third quarter valued at approximately $54,000. Finally, AlphaQuest LLC lifted its stake in RCI Hospitality by 107.4% in the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 693 shares in the last quarter. 53.82% of the stock is currently 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.