HC Wainwright Reaffirms "Buy" Rating for RCI Hospitality (NASDAQ:RICK)

HC Wainwright reissued their buy rating on shares of RCI Hospitality (NASDAQ:RICK - Free Report) in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a $98.00 price target on the restaurant operator's stock. HC Wainwright also issued estimates for RCI Hospitality's Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $1.24 EPS, Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $4.35 EPS and FY2026 earnings at $6.11 EPS.

Separately, StockNews.com upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

RCI Hospitality Price Performance

Shares of RCI Hospitality stock traded up $0.40 during trading on Wednesday, hitting $37.56. 24,256 shares of the company were exchanged, compared to its average volume of 86,152. RCI Hospitality has a fifty-two week low of $35.00 and a fifty-two week high of $61.66. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average price of $46.65 and a 200 day moving average price of $49.20. The stock has a market capitalization of $333.04 million, a price-to-earnings ratio of 67.07 and a beta of 1.45.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's dividend payout ratio is presently 50.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RICK. Barclays PLC increased its position in RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock worth $605,000 after purchasing an additional 10,433 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of RCI Hospitality by 1,839.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator's stock worth $8,938,000 after buying an additional 147,508 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of RCI Hospitality by 233.4% during the 4th quarter. Victory Capital Management Inc. now owns 5,784 shares of the restaurant operator's stock worth $332,000 after buying an additional 4,049 shares during the last quarter. American Century Companies Inc. raised its position in shares of RCI Hospitality by 63.7% in the 4th quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator's stock worth $6,030,000 after buying an additional 40,822 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in RCI Hospitality by 29.4% in the fourth quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator's stock valued at $3,773,000 after acquiring an additional 14,919 shares during the last quarter. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

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.