StockNews.com Lowers RCI Hospitality (NASDAQ:RICK) to Hold

RCI Hospitality (NASDAQ:RICK - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report released on Tuesday.

A number of other equities research analysts have also recently commented on the company. HC Wainwright reissued a "buy" rating and set a $115.00 price target on shares of RCI Hospitality in a report on Monday, February 12th. TheStreet cut RCI Hospitality from a "b-" rating to a "c+" rating in a report on Tuesday, March 5th.

RCI Hospitality Stock Up 1.4 %

RCI Hospitality stock traded up $0.68 during trading hours on Tuesday, hitting $50.92. 68,598 shares of the stock traded hands, compared to its average volume of 51,793. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The firm's 50-day moving average price is $55.72 and its two-hundred day moving average price is $58.28. RCI Hospitality has a one year low of $49.37 and a one year high of $79.46. The company has a market cap of $476.61 million, a PE ratio of 18.25, a PEG ratio of 1.10 and a beta of 1.65.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its earnings results on Thursday, February 8th. The restaurant operator reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $73.90 million for the quarter, compared to analysts' expectations of $73.30 million. RCI Hospitality had a net margin of 8.81% and a return on equity of 10.67%. The business's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, research analysts forecast that RCI Hospitality will post 3.84 EPS for the current year.

Insider Activity

In related news, CEO Eric Scott Langan purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average price of $54.54 per share, for a total transaction of $54,540.00. Following the completion of the transaction, the chief executive officer now owns 703,000 shares in the company, valued at approximately $38,341,620. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.34% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in RICK. Point72 Hong Kong Ltd purchased a new position in RCI Hospitality in the first quarter worth about $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in RCI Hospitality in the fourth quarter worth about $28,000. Cannell Capital LLC bought a new stake in RCI Hospitality in the first quarter worth about $28,000. Tower Research Capital LLC TRC lifted its stake in RCI Hospitality by 112.9% in the third quarter. Tower Research Capital LLC TRC now owns 528 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 280 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in RCI Hospitality in the first quarter worth about $39,000. Hedge funds and other institutional investors own 53.82% of the company's stock.

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.