StockNews.com Downgrades RCI Hospitality (NASDAQ:RICK) to Hold

RCI Hospitality (NASDAQ:RICK) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, HC Wainwright reaffirmed a “buy” rating and set a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, November 6th.

RCI Hospitality Trading Down 2.0 %

Shares of NASDAQ RICK opened at $56.89 on Tuesday. RCI Hospitality has a 1-year low of $37.61 and a 1-year high of $68.26. The company has a 50-day moving average of $48.49 and a two-hundred day moving average of $45.83. The company has a market cap of $511.84 million, a PE ratio of 109.41 and a beta of 1.60. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.

Institutional Investors Weigh In On RCI Hospitality

A number of institutional investors have recently made changes to their positions in RICK. Progeny 3 Inc. lifted its stake 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. DHK Financial Advisors Inc. bought a new stake in shares of RCI Hospitality in the 2nd quarter valued at about $1,699,000. Barclays PLC raised its position in shares of RCI Hospitality by 330.2% in the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock valued at $605,000 after acquiring an additional 10,433 shares during the period. Aptus Capital Advisors LLC boosted its stake in RCI Hospitality by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock worth $2,250,000 after acquiring an additional 10,275 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in RCI Hospitality by 14.7% during the second quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock valued at $2,101,000 after purchasing an additional 6,174 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

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.