HC Wainwright Reaffirms Buy Rating for RCI Hospitality (NASDAQ:RICK)

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report released on Monday,Benzinga reports. They presently have a $98.00 price objective on the restaurant operator’s stock. HC Wainwright’s target price would suggest a potential upside of 71.54% from the company’s previous close.

Separately, StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th.

RCI Hospitality Price Performance

RICK stock opened at $57.13 on Monday. The firm has a 50-day moving average of $54.04 and a 200 day moving average of $48.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.98 and a quick ratio of 0.89. The company has a market cap of $508.46 million, a P/E ratio of 178.54 and a beta of 1.57. RCI Hospitality has a 1 year low of $37.61 and a 1 year high of $63.64.

Institutional Investors Weigh In On RCI Hospitality

A number of institutional investors have recently modified their holdings of the stock. Barclays PLC grew its holdings in shares of RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock valued at $605,000 after buying an additional 10,433 shares during the last quarter. Scientech Research LLC bought a new position in RCI Hospitality in the 2nd quarter valued at approximately $235,000. Cubist Systematic Strategies LLC purchased a new stake in RCI Hospitality during the 2nd quarter valued at $175,000. Brighton Jones LLC bought a new stake in shares of RCI Hospitality in the 4th quarter worth $211,000. Finally, Point72 Asset Management L.P. raised its stake in shares of RCI Hospitality by 146.4% in the third quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock worth $221,000 after purchasing an additional 2,948 shares during the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

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’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.