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

HC Wainwright reaffirmed their buy rating on shares of RCI Hospitality (NASDAQ:RICK) in a research note published on Tuesday morning, Benzinga reports. HC Wainwright currently has a $98.00 price objective on the restaurant operator’s stock.

Separately, StockNews.com raised shares of RCI Hospitality from a hold rating to a buy rating in a research note on Wednesday, August 21st.

RCI Hospitality Trading Up 2.8 %

Shares of RICK opened at $45.66 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.82. The firm has a 50 day simple moving average of $45.16 and a 200-day simple moving average of $47.99. RCI Hospitality has a 1-year low of $37.61 and a 1-year high of $69.40. The stock has a market cap of $410.94 million, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 5.38 and a beta of 1.56.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($1.27). The business had revenue of $76.18 million for the quarter, compared to analysts’ expectations of $72.79 million. RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. RCI Hospitality’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts forecast that RCI Hospitality will post 0.69 EPS for the current fiscal year.

RCI Hospitality Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.07 dividend. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.61%. The ex-dividend date is Monday, September 16th. RCI Hospitality’s payout ratio is presently 11.76%.

Institutional Trading of RCI Hospitality

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of RCI Hospitality by 8.9% in the 4th quarter. BNP Paribas Financial Markets now owns 7,029 shares of the restaurant operator’s stock valued at $466,000 after purchasing an additional 575 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of RCI Hospitality in the 4th quarter valued at $910,000. Annex Advisory Services LLC boosted its holdings in shares of RCI Hospitality by 41.1% in the 4th quarter. Annex Advisory Services LLC now owns 6,520 shares of the restaurant operator’s stock valued at $432,000 after purchasing an additional 1,898 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of RCI Hospitality by 24.4% in the 1st quarter. Russell Investments Group Ltd. now owns 27,733 shares of the restaurant operator’s stock valued at $1,609,000 after purchasing an additional 5,432 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of RCI Hospitality by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock valued at $29,118,000 after purchasing an additional 9,218 shares during the last quarter. 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.