RCI Hospitality (NASDAQ:RICK) Given Buy Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of RCI Hospitality (NASDAQ:RICK) in a research note published on Friday,Benzinga reports. The brokerage currently has a $98.00 price target on the restaurant operator’s stock.

Separately, StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

RCI Hospitality Trading Down 4.2 %

Shares of NASDAQ RICK opened at $54.20 on Friday. The firm’s 50 day moving average price is $52.92 and its 200-day moving average price is $47.24. RCI Hospitality has a 52-week low of $37.61 and a 52-week high of $63.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90. The company has a market cap of $482.38 million, a PE ratio of 104.23 and a beta of 1.57.

RCI Hospitality Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Monday, December 16th. RCI Hospitality’s dividend payout ratio (DPR) is presently 87.50%.

Hedge Funds Weigh In On RCI Hospitality

Hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC purchased a new stake in RCI Hospitality during the third quarter valued at $29,000. Point72 Asia Singapore Pte. Ltd. increased its position in shares of RCI Hospitality by 254.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 498 shares during the last quarter. Copeland Capital Management LLC bought a new position in shares of RCI Hospitality in the 3rd quarter worth approximately $54,000. Victory Capital Management Inc. bought a new position in shares of RCI Hospitality in the 2nd quarter worth approximately $76,000. Finally, FMR LLC boosted its holdings in shares of RCI Hospitality by 132.6% in the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock worth $80,000 after buying an additional 1,026 shares during the last quarter. 53.82% of the stock is owned by 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.