Home Adult entertainment RCI Hospitality (NASDAQ:RICK) Upgraded to “Hold” at Zacks Investment Research

RCI Hospitality (NASDAQ:RICK) Upgraded to “Hold” at Zacks Investment Research

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RCI Hospitality (NASDAQ:RICK – Get a rating) was upgraded by Zacks Investment Research from a “sell” 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 under the name 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, Texas. “

RICK has been the subject of a number of other research reports. TheStreet upgraded RCI Hospitality’s shares from a ‘c+’ rating to a ‘b’ rating in a Friday, February 11 report. StockNews.com upgraded RCI Hospitality’s shares from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Noble Financial began covering RCI Hospitality shares in a report on Tuesday, February 1. They set an “outperform” rating and a price target of $100.00 for the company.

Shares of RICK opened at $58.51 on Friday. RCI Hospitality has a 1-year minimum of $55.33 and a 1-year maximum of $94.33. The stock has a market capitalization of $550.99 million, a PE ratio of 15.00, a P/E/G ratio of 1.03 and a beta of 1.88. The company has a 50-day simple moving average of $61.96 and a two-hundred-day simple moving average of $67.87. The company has a debt ratio of 0.73, a current ratio of 1.73 and a quick ratio of 1.00.

RCI Hospitality (NASDAQ:RICK – Get Rating) last announced its quarterly results on Monday, May 9. The restaurateur reported earnings per share of $1.19 for the quarter, missing analyst consensus estimates of $1.22 per ($0.03). The company posted revenue of $63.69 million for the quarter, versus analyst estimates of $64.33 million. RCI Hospitality posted a net margin of 15.16% and a return on equity of 23.93%. As a group, sell-side analysts expect RCI Hospitality to post earnings per share of 4.81 for the current financial year.

Several major investors have recently changed their holdings in RICK. ADW Capital Management LLC increased its position in RCI Hospitality shares by 5.5% during the 4th quarter. ADW Capital Management LLC now owns 949,000 shares of the restaurateur worth $73,908,000 after purchasing an additional 49,300 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in the shares of RCI Hospitality during Q3 for a value of approximately $2,843,000. Prudential Financial Inc. increased its position in RCI Hospitality shares by 53.0% during the 1st quarter. Prudential Financial Inc. now owns 115,977 shares of the restaurateur worth $7,128,000 after buying an additional 40,195 shares in the last quarter. Invesco Ltd. increased its position in RCI Hospitality shares by 325.1% during the 4th quarter. Invesco Ltd. now owns 47,861 shares of the restaurateur worth $3,728,000 after purchasing an additional 36,603 shares in the last quarter. Finally, Morgan Stanley increased its position in RCI Hospitality by 6,086.1% in the 2nd quarter. Morgan Stanley now owns 36,003 shares of the restaurateur valued at $2,384,000 after buying 35,421 additional shares in the last quarter. Institutional investors and hedge funds own 53.19% of the company’s shares.

RCI Hospitality Company Profile (Get an evaluation)

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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