RCI Hospitality (NASDAQ:RICK - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They currently have a $98.00 target price on the restaurant operator's stock. HC Wainwright's price target points to a potential upside of 80.81% from the stock's previous close.
Separately, StockNews.com downgraded RCI Hospitality from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th.
Get Our Latest Analysis on RICK
RCI Hospitality Stock Performance
NASDAQ:RICK traded down $2.38 during trading hours on Friday, hitting $54.20. 124,416 shares of the company traded hands, compared to its average volume of 97,186. The stock has a market capitalization of $482.38 million, a price-to-earnings ratio of 104.23 and a beta of 1.57. RCI Hospitality has a twelve month low of $37.61 and a twelve month high of $63.76. The firm has a 50-day moving average of $52.92 and a 200 day moving average of $47.24. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.
Institutional Trading of RCI Hospitality
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC bought a new stake in shares of RCI Hospitality in the 3rd quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in 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 in the last quarter. Copeland Capital Management LLC acquired a new stake in RCI Hospitality during the 3rd quarter valued at $54,000. Victory Capital Management Inc. bought a new position in RCI Hospitality in the 2nd quarter valued at $76,000. Finally, FMR LLC boosted its stake in 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 purchasing an additional 1,026 shares in the last quarter. Institutional investors own 53.82% of the company's stock.
About RCI Hospitality
(
Get Free Report)
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.
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