RCI Hospitality (NASDAQ:RICK) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded RCI Hospitality from “hold” to “buy,” but Weiss Ratings maintained a “sell (D)” rating; MarketBeat’s consensus rating remains “Sell.”
• RCI Hospitality shares opened at $29.35, with a market capitalization of $224.23 million and a 12-month trading range of $20.76 to $36.72.
• The company reported quarterly revenue of $73.94 million and earnings per share of $0.90, while institutional investors collectively own 53.82% of its stock.

RCI Hospitality (NASDAQ:RICK - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings restated a "sell (d)" rating on shares of RCI Hospitality in a research report on Monday, August 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, RCI Hospitality has a consensus rating of "Sell".

RCI Hospitality Price Performance

Shares of RCI Hospitality stock opened at $29.35 on Friday. The firm has a market cap of $224.23 million, a PE ratio of -71.58 and a beta of 0.78. RCI Hospitality has a twelve month low of $20.76 and a twelve month high of $36.72. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $27.79 and a 200 day moving average price of $25.56.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 EPS for the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.The business had revenue of $73.94 million during the quarter.

Institutional Investors Weigh In On RCI Hospitality

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in RCI Hospitality by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator's stock valued at $214,000 after buying an additional 234 shares in the last quarter. BNP Paribas Financial Markets raised its stake in RCI Hospitality by 62.0% during the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator's stock worth $32,000 after purchasing an additional 324 shares during the period. Invesco Ltd. boosted its holdings in RCI Hospitality by 4.5% in the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator's stock valued at $477,000 after purchasing an additional 536 shares during the last quarter. State Street Corp grew its stake in shares of RCI Hospitality by 0.4% in the 4th quarter. State Street Corp now owns 185,138 shares of the restaurant operator's stock valued at $4,414,000 after buying an additional 698 shares during the period. Finally, Barclays PLC raised its position in shares of RCI Hospitality by 7.3% during the 4th quarter. Barclays PLC now owns 17,462 shares of the restaurant operator's stock valued at $416,000 after buying an additional 1,188 shares during the period. Institutional investors and hedge funds own 53.82% of the company's stock.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company's U.S. Nightclub segment includes venues branded as Rick's Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.

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