RCI Hospitality’s (RICK) “Buy” Rating Reaffirmed at HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a note issued to investors on Monday,Benzinga reports. They presently have a $98.00 target price on the restaurant operator’s stock. HC Wainwright’s price target 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 note on Tuesday, December 17th.

RCI Hospitality Trading Up 5.0 %

NASDAQ RICK opened at $57.13 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.83. The stock’s 50-day simple moving average is $54.04 and its two-hundred day simple moving average is $48.28. RCI Hospitality has a twelve month low of $37.61 and a twelve month high of $63.64. The company has a market capitalization of $508.46 million, a price-to-earnings ratio of 178.54 and a beta of 1.57.

Institutional Investors Weigh In On RCI Hospitality

A number of hedge funds and other institutional investors have recently modified their holdings of RICK. Quest Partners LLC purchased a new position in RCI Hospitality in the 3rd quarter worth approximately $29,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in RCI Hospitality by 254.1% in the 3rd 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 last quarter. Heck Capital Advisors LLC purchased a new position in shares of RCI Hospitality in the fourth quarter valued at about $53,000. Copeland Capital Management LLC bought a new position in shares of RCI Hospitality during the third quarter valued at about $54,000. Finally, FMR LLC raised its stake in shares of RCI Hospitality by 132.6% during the third quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after acquiring an additional 1,026 shares during the last quarter. Institutional investors own 53.82% of the company’s stock.

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.