RCI Hospitality (NASDAQ:RICK) Lowered to Hold at StockNews.com

RCI Hospitality (NASDAQ:RICK) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other equities analysts have also weighed in on the stock. TheStreet lowered shares of RCI Hospitality from a “b-” rating to a “c+” rating in a research report on Tuesday, March 5th. HC Wainwright restated a “buy” rating and set a $115.00 target price on shares of RCI Hospitality in a research report on Monday, February 12th.

RCI Hospitality Stock Performance

RICK opened at $50.24 on Tuesday. The firm has a market cap of $470.25 million, a P/E ratio of 18.01, a PEG ratio of 1.10 and a beta of 1.65. RCI Hospitality has a 1-year low of $49.80 and a 1-year high of $79.46. The company has a 50 day simple moving average of $55.93 and a two-hundred day simple moving average of $58.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.75.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). RCI Hospitality had a return on equity of 10.67% and a net margin of 8.81%. The company had revenue of $73.90 million for the quarter, compared to the consensus estimate of $73.30 million. During the same quarter in the prior year, the company posted $1.11 EPS. RCI Hospitality’s revenue was up 5.6% compared to the same quarter last year. Equities analysts forecast that RCI Hospitality will post 3.84 earnings per share for the current fiscal year.

Insider Buying and Selling at RCI Hospitality

In other RCI Hospitality news, CEO Eric Scott Langan acquired 1,000 shares of the stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $54.54 per share, for a total transaction of $54,540.00. Following the completion of the transaction, the chief executive officer now directly owns 703,000 shares of the company’s stock, valued at $38,341,620. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On RCI Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of RCI Hospitality in the first quarter valued at $27,000. Cannell Capital LLC purchased a new position in RCI Hospitality in the 1st quarter worth about $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in RCI Hospitality in the 4th quarter worth about $28,000. Tower Research Capital LLC TRC increased its stake in RCI Hospitality by 112.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 528 shares of the restaurant operator’s stock worth $34,000 after buying an additional 280 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in RCI Hospitality in the 1st quarter worth about $39,000. Hedge funds and other 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.