RCI Hospitality (NASDAQ:RICK - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Monday.
Several other equities analysts also recently commented on the company. TheStreet downgraded RCI Hospitality from a "b-" rating to a "c+" rating in a research report on Tuesday, March 5th. HC Wainwright reiterated a "buy" rating and issued a $115.00 target price on shares of RCI Hospitality in a research report on Monday, February 12th.
Check Out Our Latest Stock Analysis on RICK
RCI Hospitality Price Performance
NASDAQ:RICK traded up $0.06 during trading hours on Monday, hitting $54.77. The company's stock had a trading volume of 54,736 shares, compared to its average volume of 49,007. The stock has a fifty day simple moving average of $56.95 and a 200-day simple moving average of $58.64. The company has a market capitalization of $512.65 million, a P/E ratio of 19.63, a PEG ratio of 1.04 and a beta of 1.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.75. RCI Hospitality has a twelve month low of $50.43 and a twelve month high of $79.46.
RCI Hospitality (NASDAQ:RICK - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $73.90 million during the quarter, compared to analyst estimates of $73.30 million. RCI Hospitality had a net margin of 8.81% and a return on equity of 10.67%. The business's quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business earned $1.11 earnings per share. On average, analysts anticipate that RCI Hospitality will post 4.37 EPS for the current fiscal year.
Insider Transactions at RCI Hospitality
In related news, CEO Eric Scott Langan acquired 1,000 shares of the stock in a transaction dated Friday, March 15th. The stock was bought at an average cost of $54.54 per share, for a total transaction of $54,540.00. Following the completion of the transaction, the chief executive officer now directly owns 703,000 shares of the company's stock, valued at $38,341,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.34% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On RCI Hospitality
Large investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in RCI Hospitality during the first quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in RCI Hospitality during the fourth quarter worth approximately $28,000. Cannell Capital LLC acquired a new stake in RCI Hospitality during the first quarter worth approximately $28,000. Tower Research Capital LLC TRC grew its stake in RCI Hospitality by 112.9% during 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 period. Finally, Belpointe Asset Management LLC acquired a new stake in RCI Hospitality in the first quarter valued at approximately $39,000. Institutional investors and hedge funds own 53.82% of the company's stock.
About RCI Hospitality
(
Get Free Report)
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.
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