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RCI Hospitality (NASDAQ:RICK – Get this free report) StockNews.com upgraded the stock from a “hold” rating to a “buy” rating in a report issued on Friday.
A number of other equities analysts have also recently issued reports on the company. HC Wainwright reiterated a “buy” rating and issued a $115.00 target price on shares of RCI Hospitality in a report on Monday, February 12th. TheStreet downgraded shares of RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday.
Check out our latest analysis for RICK
RCI Hotels Stock Performance
RICK shares opened at $55.89 on Friday. The stock has a 50-day moving average price of $59.97 and a 200-day moving average price of $59.95. The company has a quick ratio of 0.75, a current ratio of 0.84, and a debt-to-equity ratio of 0.75. The company has a market capitalization of $523.13 million, a P/E ratio of 20.03, a P/E growth rate of 1.05, and a beta value of 1.66. RCI Hospitality has a 52-week low of $50.43 and a 52-week high of $86.31.
RCI Hospitality (NASDAQ:RICK – Get Free Report ) last announced its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The business had revenue of $73.9 million in the quarter, compared with analysts’ expectations of $73.3 million. RCI Hospitality’s net profit margin was 8.81% and its return on equity was 10.67%. Revenue from this business grew 5.6% in the quarter compared with the same period last year. In the same period last year, the company earned $1.11 per share. Research analysts predict that RCI Hospitality will post 4.37 earnings per share for the current fiscal year.
Institutional investors take note of RCI’s warm reception
Hedge funds recently revised their stock holdings. Zurcher Kantonalbank Zurich Kantonalbank acquired a new stake in shares of RCI Hospitality in the third quarter valued at $98,000. Swiss National Bank increased its holdings in shares of RCI Hospitality by 3.3% in the third quarter. Swiss National Bank now owns 18,700 shares of the restaurant operator’s stock valued at $1,134,000, after buying an additional 600 shares during the period. Charles Schwab raised its holdings in shares of RCI Hospitality by 184.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 66,737 shares of the restaurant operator’s stock valued at $4,048,000, after purchasing an additional 43,273 shares during the period. LPL Financial LLC increased its holdings in shares of RCI Hospitality by 14.8% during the second quarter. LPL Financial LLC now owns 14,575 shares of the restaurant operator’s stock valued at $1,108,000, after purchasing an additional 1,876 shares during the period. Finally, Jump Financial LLC increased its holdings in shares of RCI Hospitality by 29.6% during the third quarter. Jump Financial LLC now owns 5,700 shares of the restaurant operator’s stock valued at $346,000, after purchasing an additional 1,303 shares during the period. 41.76% of the stocks are held by institutional investors and hedge funds.
RCI Hotel Company Profile
(Get your free report)
RCI Hospitality Holdings, Inc, through its subsidiaries, is engaged in hotel and related businesses in the United States. It operates in the nightclub, bombshell and media group sectors. The Company’s wholly-owned subsidiaries own and/or operate upscale adult nightclubs, primarily serving businessmen and professionals, including 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, Eastern Cabaret, Seville Cabaret, Silver City Cabaret and Capa Men’s Club.
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