RCI Hospitality (NASDAQ:RICK) Stock Rating Upgraded by Wall Street Zen

RCI Hospitality (NASDAQ:RICK) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of RCI Hospitality in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

RCI Hospitality Stock Performance

Shares of RICK stock opened at $30.87 on Friday. RCI Hospitality has a 52-week low of $20.76 and a 52-week high of $38.25. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 0.89. The stock has a market cap of $235.85 million, a PE ratio of -75.29 and a beta of 0.76. The business has a 50-day simple moving average of $26.86 and a 200-day simple moving average of $24.92.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. The company had revenue of $73.94 million during the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RICK. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in RCI Hospitality by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 234 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in RCI Hospitality by 62.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 324 shares during the last quarter. Invesco Ltd. boosted its holdings in RCI Hospitality by 4.5% in the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator’s stock valued at $477,000 after purchasing an additional 536 shares during the last quarter. State Street Corp grew its stake in shares of RCI Hospitality by 0.4% in the 4th quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock valued at $4,414,000 after buying an additional 698 shares during the period. Finally, Barclays PLC grew its stake in shares of RCI Hospitality by 7.3% in the 4th quarter. Barclays PLC now owns 17,462 shares of the restaurant operator’s stock valued at $416,000 after buying an additional 1,188 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

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.