RCI Hospitality Holdings Inc (NASDAQ:RICK) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 245,800 shares, an increase of 19.4% from the June 30th total of 205,800 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average trading volume of 79,200 shares, the short-interest ratio is currently 3.1 days.
Shares of RCI Hospitality stock traded down $0.81 during trading on Wednesday, hitting $15.62. 62,731 shares of the company were exchanged, compared to its average volume of 60,336. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.77. RCI Hospitality has a fifty-two week low of $12.50 and a fifty-two week high of $33.99. The stock has a market cap of $154.46 million, a PE ratio of 7.17 and a beta of 1.14. The stock has a 50 day moving average of $16.58.
RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, July 25th. The restaurant operator reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.05. RCI Hospitality had a return on equity of 13.81% and a net margin of 9.18%. The firm had revenue of $44.83 million during the quarter. As a group, research analysts forecast that RCI Hospitality will post 2.3 EPS for the current year.
A number of equities research analysts have recently issued reports on RICK shares. Zacks Investment Research upgraded shares of RCI Hospitality from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. ValuEngine downgraded shares of RCI Hospitality from a “sell” rating to a “strong sell” rating in a research report on Friday, May 10th. Finally, TheStreet downgraded shares of RCI Hospitality from a “b-” rating to a “c+” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. RCI Hospitality presently has an average rating of “Hold” and a consensus target price of $29.50.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of RCI Hospitality by 16.1% during the 2nd quarter. BlackRock Inc. now owns 547,474 shares of the restaurant operator’s stock worth $9,586,000 after purchasing an additional 75,999 shares during the last quarter. Vanguard Group Inc. raised its position in shares of RCI Hospitality by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 431,916 shares of the restaurant operator’s stock worth $7,563,000 after purchasing an additional 17,763 shares during the last quarter. Moab Capital Partners LLC raised its position in shares of RCI Hospitality by 28.9% during the 2nd quarter. Moab Capital Partners LLC now owns 253,631 shares of the restaurant operator’s stock worth $4,441,000 after purchasing an additional 56,941 shares during the last quarter. Marshall Wace LLP raised its position in shares of RCI Hospitality by 73.7% during the 2nd quarter. Marshall Wace LLP now owns 135,291 shares of the restaurant operator’s stock worth $2,369,000 after purchasing an additional 57,392 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of RCI Hospitality by 2.5% during the 2nd quarter. Northern Trust Corp now owns 130,040 shares of the restaurant operator’s stock worth $2,277,000 after purchasing an additional 3,209 shares during the last quarter. Hedge funds and other institutional investors own 47.88% of the company’s stock.
About RCI Hospitality
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 owns 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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