RCI Hospitality's (RICK) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• RCI Hospitality's stock rating has been reaffirmed as "sell (D+)" by Weiss Ratings, indicating ongoing concerns about its performance.
• The company reported earnings of $0.46 per share, significantly missing the consensus estimate of $1.24 per share, despite revenues slightly exceeding expectations.
• Institutional investors hold 53.82% of the stock, with notable increases in holdings by firms such as American Century Companies Inc. and Marshall Wace LLP.

RCI Hospitality (NASDAQ:RICK - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

RCI Hospitality Price Performance

RICK stock opened at $29.32 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 0.83. The business has a 50 day simple moving average of $33.81 and a 200-day simple moving average of $38.03. RCI Hospitality has a twelve month low of $25.15 and a twelve month high of $61.66. The company has a market capitalization of $255.67 million, a P/E ratio of 15.76 and a beta of 1.17.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The restaurant operator reported $0.46 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.78). RCI Hospitality had a return on equity of 6.19% and a net margin of 5.88%.The company had revenue of $71.15 million for the quarter, compared to analyst estimates of $70.50 million. As a group, equities analysts anticipate that RCI Hospitality will post 4.55 EPS for the current year.

Institutional Investors Weigh In On RCI Hospitality

Hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in RCI Hospitality by 52.4% in the first quarter. American Century Companies Inc. now owns 159,956 shares of the restaurant operator's stock valued at $6,869,000 after acquiring an additional 55,026 shares during the period. Nuveen LLC acquired a new stake in RCI Hospitality in the first quarter valued at $1,004,000. TT Capital Management LLC acquired a new stake in RCI Hospitality in the second quarter valued at $766,000. Marshall Wace LLP lifted its holdings in RCI Hospitality by 324.7% in the second quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator's stock valued at $880,000 after acquiring an additional 17,651 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in RCI Hospitality in the first quarter valued at $498,000. 53.82% of the stock is owned by institutional investors and hedge funds.

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.

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