RCI Hospitality (NASDAQ:RICK) was downgraded by Zacks Investment Research from a “strong buy” rating to a “hold” rating in a research report released Saturday to clients and investors, Zacks.com reports.
According to Zacks, “RCI Hospitality Holdings, Inc. owns and/or operates adult nightclubs that provide live adult entertainment, restaurants and bar services. It operates adult nightclubs as Rick’s Cabaret, Club Onyx, XTC Cabaret, Tootsie’s Cabaret, Cabaret North, Jaguars and Cabaret East.The company also owns and operates adult websites.RCI Hospitality Holdings, Inc., formerly known as Rick’s Cabaret International, Inc., is based in Houston, TX.”
Several other brokerages have also recently released reports on RICK. Sidoti raised its price target on RCI Hospitality shares from $91.00 to $120.00 in a Monday, Dec. 20 research note. Noble Financial began covering RCI Hospitality shares in a research note on Tuesday February 1. They set an “outperform” rating and a target price of $100.00 on the stock. Finally, TheStreet upgraded RCI Hospitality’s shares from a “c+” rating to a “b” rating in a Friday, February 11 research note.
NASDAQ:RICK shares opened at $64.13 on Friday. The company’s fifty-day moving average is $74.06 and its two-hundred-day moving average is $70.02. The company has a quick ratio of 2.18, a current ratio of 2.30 and a leverage ratio of 0.66. RCI Hospitality has a 12 month minimum of $55.33 and a 12 month maximum of $94.33. The company has a market capitalization of $609.24 million, a P/E ratio of 18.97, a price-to-earnings growth ratio of 1.12 and a beta of 1.99.
RCI Hospitality (NASDAQ:RICK) last announced its results on Wednesday, February 9. The restaurateur reported earnings per share (EPS) of $1.10 for the quarter, beating the consensus estimate of $1.03 by $0.07. RCI Hospitality posted a net margin of 15.54% and a return on equity of 21.57%. In the same quarter a year earlier, the company posted EPS of $0.39. Equity research analysts expect RCI Hospitality to post earnings per share of 4.98 for the current year.
Large investors have recently changed their stock holdings. Captrust Financial Advisors increased its stake in RCI Hospitality by 806.5% in the third quarter. Captrust Financial Advisors now owns 562 shares of the restaurateur worth $39,000 after buying an additional 500 shares in the last quarter. Spire Wealth Management acquired a new stake in RCI Hospitality during the fourth quarter worth approximately $47,000. Legal & General Group Plc increased its stake in RCI Hospitality by 32.9% in the second quarter. Legal & General Group Plc now owns 881 shares in the restaurateur valued at $58,000 after acquiring 218 additional shares during the period. Cutler Group LP increased its stake in RCI Hospitality by 28.3% during the fourth quarter. Cutler Group LP now owns 952 shares of the restaurateur valued at $74,000 after acquiring an additional 210 shares during the period. Finally, Wilen Investment Management CORP. acquired a new stake in RCI Hospitality during the third quarter at a value of approximately $81,000. Hedge funds and other institutional investors own 53.05% of the company’s shares.
About RCI Hospitality
RCI Hospitality Holdings, Inc, through its subsidiaries, is engaged in 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 operate upscale adult nightclubs primarily serving business and professional travelers under 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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