RCI Hospitality’s (RICK) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of RCI Hospitality (NASDAQ:RICK) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $98.00 price target on the restaurant operator’s stock. HC Wainwright also issued estimates for RCI Hospitality’s Q1 2025 earnings at $0.52 EPS, Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.39 EPS and FY2025 earnings at $3.98 EPS.

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

RCI Hospitality Stock Down 4.2 %

RICK stock opened at $54.20 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80. The firm has a market cap of $482.38 million, a PE ratio of 104.23 and a beta of 1.57. RCI Hospitality has a 1 year low of $37.61 and a 1 year high of $63.76. The company has a fifty day simple moving average of $53.14 and a 200 day simple moving average of $47.37.

RCI Hospitality Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. RCI Hospitality’s dividend payout ratio is 87.50%.

Institutional Investors Weigh In On RCI Hospitality

Several hedge funds and other institutional investors have recently made changes to their positions in RICK. Barclays PLC lifted its position in shares of RCI Hospitality by 330.2% during the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after purchasing an additional 10,433 shares during the last quarter. State Street Corp increased its position in 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 acquiring an additional 2,023 shares during the period. Point72 Asset Management L.P. raised its stake in RCI Hospitality by 146.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 2,948 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted 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 valued at $31,000 after purchasing an additional 498 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of RCI Hospitality by 20.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,507 shares of the restaurant operator’s stock worth $602,000 after purchasing an additional 2,252 shares during the period. 53.82% of the stock is owned by institutional investors and hedge funds.

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.