RCI Hospitality (NASDAQ:RICK) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• Wall Street Zen upgraded RCI Hospitality to “Buy” from “Hold,” but Weiss Ratings maintained a “Sell” rating, leaving MarketBeat’s overall analyst consensus at “Sell.”
• RICK shares opened at $30.87, with a market capitalization of approximately $235.9 million and a 12-month trading range of $20.76 to $38.25.
• Institutional investors own 53.82% of the company, with BlackRock making the largest recent investment at approximately $16.8 million; RCI Hospitality reported quarterly revenue of $73.94 million and EPS of $0.90.

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 research report issued on Saturday.

Separately, Weiss Ratings restated a "sell (d)" rating on shares of RCI Hospitality in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

RCI Hospitality Stock Performance

RICK opened at $30.87 on Friday. 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 has a 12-month low of $20.76 and a 12-month high of $38.25. The firm has a 50 day moving average of $26.86 and a two-hundred day moving average of $24.92. The firm has a market capitalization of $235.85 million, a PE ratio of -75.29 and a beta of 0.76.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share (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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC purchased a new stake in RCI Hospitality during the 4th quarter worth approximately $211,000. Hsbc Holdings PLC purchased a new position in RCI Hospitality in the 2nd quarter valued at approximately $289,000. BlackRock Inc. purchased a new position in RCI Hospitality in the 2nd quarter valued at approximately $16,785,000. Canada Pension Plan Investment Board acquired a new position in shares of RCI Hospitality in the second quarter worth $355,000. Finally, PDT Partners LLC acquired a new position in shares of RCI Hospitality in the second quarter worth $1,184,000. Hedge funds and other institutional investors 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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