RCI Hospitality (NASDAQ:RICK) Receives Buy Rating from HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reissued by HC Wainwright in a research note issued on Friday,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 73.21% from the company’s current price.

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

RCI Hospitality Stock Performance

RICK opened at $56.58 on Friday. The business has a fifty day simple moving average of $52.92 and a 200-day simple moving average of $47.24. The firm has a market cap of $503.56 million, a PE ratio of 108.81 and a beta of 1.57. RCI Hospitality has a fifty-two week low of $37.61 and a fifty-two week high of $63.87. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Progeny 3 Inc. lifted its holdings in RCI Hospitality by 23.5% in the second quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock valued at $20,080,000 after buying an additional 87,832 shares during the period. State Street Corp grew its stake in shares of RCI Hospitality by 1.0% during the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock worth $8,772,000 after purchasing an additional 2,023 shares during the period. Bank of New York Mellon Corp increased its holdings in RCI Hospitality by 7.3% in the second quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock valued at $2,644,000 after purchasing an additional 4,126 shares during the last quarter. American Century Companies Inc. grew its position in shares of RCI Hospitality by 14.7% during the 2nd quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after buying an additional 6,174 shares during the period. Finally, DHK Financial Advisors Inc. bought a new stake in shares of RCI Hospitality in the 2nd quarter valued at about $1,699,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

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.