RCI Hospitality (NASDAQ:RICK) Earns Buy Rating from HC Wainwright

RCI Hospitality (NASDAQ:RICK - Get Free Report)'s stock had its "buy" rating restated by analysts at HC Wainwright in a research note issued on Wednesday, Benzinga reports. They presently have a $98.00 price target on the restaurant operator's stock. HC Wainwright's price target suggests a potential upside of 94.56% from the stock's previous close.

Separately, StockNews.com upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research note on Monday, October 7th.

RCI Hospitality Trading Up 8.0 %

NASDAQ RICK traded up $3.75 during mid-day trading on Wednesday, hitting $50.37. The company's stock had a trading volume of 188,328 shares, compared to its average volume of 77,043. RCI Hospitality has a 52-week low of $37.61 and a 52-week high of $69.40. The stock's fifty day simple moving average is $43.72 and its two-hundred day simple moving average is $45.23. The firm has a market capitalization of $453.33 million, a P/E ratio of 95.98 and a beta of 1.56. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.82.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The restaurant operator reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.71 by ($1.27). The company had revenue of $76.18 million during the quarter, compared to analysts' expectations of $72.79 million. RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. RCI Hospitality's revenue was down 1.1% compared to the same quarter last year. Research analysts expect that RCI Hospitality will post 0.66 EPS for the current year.

Hedge Funds Weigh In On RCI Hospitality

A number of hedge funds have recently modified their holdings of the stock. Copeland Capital Management LLC acquired a new stake in RCI Hospitality during the 3rd quarter worth about $54,000. Victory Capital Management Inc. purchased a new position in RCI Hospitality during the 2nd quarter worth approximately $76,000. Point72 Asset Management L.P. purchased a new stake in shares of RCI Hospitality in the second quarter valued at $88,000. Cubist Systematic Strategies LLC acquired a new stake in shares of RCI Hospitality in the second quarter worth $175,000. Finally, SG Americas Securities LLC acquired a new position in shares of RCI Hospitality in the 2nd quarter valued at about $177,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

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.