RCI Hospitality (NASDAQ:RICK) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a buy rating in a report published on Monday morning.

Separately, HC Wainwright restated a buy rating and set a $98.00 price target on shares of RCI Hospitality in a research report on Tuesday, September 17th.

RCI Hospitality Stock Performance

NASDAQ RICK opened at $41.76 on Monday. RCI Hospitality has a twelve month low of $37.61 and a twelve month high of $69.40. The business’s 50-day moving average price is $44.17 and its 200 day moving average price is $46.64. The company has a market capitalization of $389.41 million, a PE ratio of 20.47 and a beta of 1.55. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. The firm had revenue of $76.18 million for the quarter, compared to the consensus estimate of $72.79 million. The firm’s revenue was down 1.1% on a year-over-year basis. On average, research analysts predict that RCI Hospitality will post 0.69 earnings per share for the current year.

RCI Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from RCI Hospitality’s previous quarterly dividend of $0.06. RCI Hospitality’s payout ratio is 13.73%.

Hedge Funds Weigh In On RCI Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. Progeny 3 Inc. boosted its holdings in shares of RCI Hospitality by 23.5% in the second quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock valued at $20,080,000 after acquiring an additional 87,832 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of RCI Hospitality by 24.4% during the 1st quarter. Russell Investments Group Ltd. now owns 27,733 shares of the restaurant operator’s stock valued at $1,609,000 after purchasing an additional 5,432 shares during the period. DHK Financial Advisors Inc. bought a new stake in shares of RCI Hospitality in the 2nd quarter worth $1,699,000. BNP Paribas Financial Markets boosted its position in shares of RCI Hospitality by 9.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,719 shares of the restaurant operator’s stock valued at $448,000 after purchasing an additional 690 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in RCI Hospitality by 1.9% in the first quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock worth $29,118,000 after buying an additional 9,218 shares during the last quarter. 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.