Wall Street Zen Downgrades RCI Hospitality (NASDAQ:RICK) to Hold

Key Points

• Wall Street Zen downgraded RCI Hospitality from “Buy” to “Hold,” while Weiss Ratings maintained a “Sell (D)” rating. MarketBeat data shows the stock has an overall average rating of “Sell.”
• RICK shares opened at $30.18, up 2.2%, with a 12-month range of $20.76 to $37.60 and a market capitalization of approximately $230.6 million.
• For its latest quarter, RCI Hospitality reported $0.90 in EPS and $73.94 million in revenue, but posted a negative net margin of 1.48% and negative return on equity of 1.74%; institutional investors own 53.82% of the stock.

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

Separately, Weiss Ratings restated a "sell (d)" rating on shares of RCI Hospitality in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of "Sell".

RCI Hospitality Trading Up 2.2%

Shares of RICK opened at $30.18 on Friday. RCI Hospitality has a 12-month low of $20.76 and a 12-month high of $37.60. The firm has a market capitalization of $230.58 million, a P/E ratio of -73.61 and a beta of 0.76. The firm has a 50-day moving average price of $27.59 and a 200 day moving average price of $25.35. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89.

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

Institutional Trading of RCI Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in RCI Hospitality by 62.0% in the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator's stock valued at $32,000 after buying an additional 324 shares during the last quarter. State of Wyoming acquired a new stake in shares of RCI Hospitality during the fourth quarter valued at about $67,000. California State Teachers Retirement System increased its position in shares of RCI Hospitality by 549.9% during the second quarter. California State Teachers Retirement System now owns 2,541 shares of the restaurant operator's stock valued at $69,000 after acquiring an additional 2,150 shares during the last quarter. Copeland Capital Management LLC raised its stake in shares of RCI Hospitality by 122.0% in the 1st quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator's stock valued at $75,000 after acquiring an additional 1,816 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of RCI Hospitality in the 3rd quarter valued at approximately $115,000. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

RCI Hospitality Company Profile

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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