RCI Hospitality (NASDAQ:RICK) Rating Lowered to Sell at Zacks Investment Research

RCI Hospitality (NASDAQ:RICKGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “RCI Hospitality Holdings, Inc. owns and/or operates adult nightclubs that offer live adult entertainment, restaurant, and bar services. It operates adult nightclubs under the name Rick’s Cabaret, Club Onyx, XTC Cabaret, Tootsie’s Cabaret, Cabaret North, Jaguars and Cabaret East. The Company also owns and operates adult Internet Websites. RCI Hospitality Holdings, Inc., formerly known as Rick’s Cabaret International, Inc., is based in Houston, Texas. “

Other research analysts have also recently issued research reports about the stock. StockNews.com assumed coverage on shares of RCI Hospitality in a research report on Thursday, March 31st. They set a “buy” rating on the stock. TheStreet raised shares of RCI Hospitality from a “c+” rating to a “b” rating in a research report on Friday, February 11th. Finally, Noble Financial assumed coverage on shares of RCI Hospitality in a research report on Tuesday, February 1st. They issued an “outperform” rating and a $100.00 target price on the stock.

Shares of NASDAQ RICK opened at $67.06 on Wednesday. The firm has a market cap of $637.07 million, a PE ratio of 19.55, a PEG ratio of 1.09 and a beta of 2.01. The firm has a fifty day moving average of $62.82 and a 200 day moving average of $68.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.00 and a current ratio of 1.10. RCI Hospitality has a one year low of $55.33 and a one year high of $94.33.

RCI Hospitality (NASDAQ:RICKGet Rating) last issued its quarterly earnings results on Wednesday, February 9th. The restaurant operator reported $1.10 EPS for the quarter, topping the consensus estimate of $1.06 by $0.04. The company had revenue of $61.84 million during the quarter, compared to analyst estimates of $61.40 million. RCI Hospitality had a net margin of 14.30% and a return on equity of 23.50%. During the same quarter in the previous year, the firm earned $0.39 EPS. On average, equities analysts predict that RCI Hospitality will post 4.87 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors lifted its position in shares of RCI Hospitality by 806.5% during the third quarter. Captrust Financial Advisors now owns 562 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 500 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of RCI Hospitality during the fourth quarter worth about $47,000. Cutler Group LP lifted its position in shares of RCI Hospitality by 28.3% during the fourth quarter. Cutler Group LP now owns 952 shares of the restaurant operator’s stock worth $74,000 after purchasing an additional 210 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of RCI Hospitality by 47.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,129 shares of the restaurant operator’s stock worth $87,000 after purchasing an additional 365 shares in the last quarter. Finally, Wilen Investment Management CORP. acquired a new stake in shares of RCI Hospitality during the third quarter worth about $81,000. 53.34% of the stock is currently owned by institutional investors.

About RCI Hospitality (Get Rating)

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.

Further Reading

Get a free copy of the Zacks research report on RCI Hospitality (RICK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RCI Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.