RCI Hospitality (NASDAQ:RICK) Earns “Buy” Rating from HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $98.00 target price on the restaurant operator’s stock. HC Wainwright’s price objective indicates a potential upside of 90.88% from the company’s previous close.

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

RCI Hospitality Stock Down 3.7 %

Shares of RICK opened at $51.34 on Wednesday. The firm has a market capitalization of $456.93 million, a P/E ratio of 160.44 and a beta of 1.55. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $61.66. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83. The firm has a fifty day moving average price of $54.86 and a 200-day moving average price of $48.91.

Institutional Trading of RCI Hospitality

A number of hedge funds have recently added to or reduced their stakes in RICK. Quest Partners LLC purchased a new stake in RCI Hospitality in the third quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in RCI Hospitality by 254.1% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 498 shares during the period. Heck Capital Advisors LLC purchased a new stake in RCI Hospitality in the fourth quarter worth about $53,000. Copeland Capital Management LLC purchased a new stake in RCI Hospitality in the third quarter worth about $54,000. Finally, AlphaQuest LLC lifted its stake in RCI Hospitality by 107.4% in the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock worth $77,000 after acquiring an additional 693 shares during the period. 53.82% of the stock is owned by hedge funds and other institutional investors.

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.