RCI Hospitality (NASDAQ:RICK) Raised to Buy at StockNews.com

RCI Hospitality (NASDAQ:RICK - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.

Separately, HC Wainwright reaffirmed a "buy" rating and set a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday.

RCI Hospitality Stock Up 2.1 %

RICK stock traded up $1.07 during midday trading on Wednesday, hitting $52.15. The company's stock had a trading volume of 93,838 shares, compared to its average volume of 56,316. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.83. RCI Hospitality has a 52-week low of $37.61 and a 52-week high of $61.66. The firm has a market capitalization of $462.41 million, a P/E ratio of 162.97 and a beta of 1.55. The firm has a 50-day simple moving average of $54.85 and a 200-day simple moving average of $48.96.

Institutional Investors Weigh In On RCI Hospitality

Several institutional investors have recently modified their holdings of the company. Barclays PLC lifted its position in RCI Hospitality by 330.2% in the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator's stock valued at $605,000 after acquiring an additional 10,433 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in RCI Hospitality by 20.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,507 shares of the restaurant operator's stock valued at $602,000 after acquiring an additional 2,252 shares during the last quarter. Quest Partners LLC purchased a new stake in RCI Hospitality in the third quarter valued at $29,000. Point72 Asset Management L.P. lifted its position in RCI Hospitality by 146.4% in the third quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator's stock valued at $221,000 after acquiring an additional 2,948 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in RCI Hospitality by 47.4% in the third quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator's stock valued at $175,000 after acquiring an additional 1,260 shares during the last quarter. 53.82% of the stock is 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.