RCI Hospitality (NASDAQ:RICK) Stock Rating Reaffirmed by HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reissued by HC Wainwright in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $98.00 price target on the restaurant operator’s stock. HC Wainwright’s price target would suggest a potential upside of 134.67% from the stock’s previous close. HC Wainwright also issued estimates for RCI Hospitality’s Q4 2024 earnings at $0.37 EPS, FY2024 earnings at $0.66 EPS and FY2025 earnings at $4.18 EPS.

Separately, StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday.

RCI Hospitality Stock Up 0.2 %

Shares of RICK stock opened at $41.76 on Wednesday. The company’s fifty day simple moving average is $44.17 and its two-hundred day simple moving average is $46.64. RCI Hospitality has a 52 week low of $37.61 and a 52 week high of $69.40. The stock has a market cap of $389.41 million, a P/E ratio of 20.47 and a beta of 1.55. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). The firm had revenue of $76.18 million for the quarter, compared to the consensus estimate of $72.79 million. RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. RCI Hospitality’s revenue was down 1.1% compared to the same quarter last year. Analysts predict that RCI Hospitality will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On RCI Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in shares of RCI Hospitality by 58.7% during the third quarter. SG Americas Securities LLC now owns 6,437 shares of the restaurant operator’s stock valued at $287,000 after buying an additional 2,382 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of RCI Hospitality in the 2nd quarter valued at about $175,000. Point72 Asset Management L.P. purchased a new stake in shares of RCI Hospitality in the 2nd quarter worth approximately $88,000. Scientech Research LLC bought a new position in shares of RCI Hospitality during the second quarter valued at approximately $235,000. Finally, AQR Capital Management LLC increased its holdings in RCI Hospitality by 61.0% during the second quarter. AQR Capital Management LLC now owns 6,007 shares of the restaurant operator’s stock valued at $262,000 after buying an additional 2,277 shares during the period. 53.82% of the stock is owned by 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.