RCI Hospitality Holdings Inc (RICK) Given Average Recommendation of “Strong Buy” by Analysts

RCI Hospitality Holdings Inc (NASDAQ:RICK) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price objective of $34.00 for the company and are forecasting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned RCI Hospitality an industry rank of 103 out of 255 based on the ratings given to its competitors.

RICK has been the subject of a number of recent research reports. BidaskClub upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Westpark Capital set a $34.00 price target on shares of RCI Hospitality and gave the stock a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research cut shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, TheStreet upgraded shares of RCI Hospitality from a “c+” rating to a “b” rating in a research note on Wednesday, May 16th.

Shares of RCI Hospitality stock traded down $0.94 during trading hours on Friday, hitting $30.57. The company had a trading volume of 2,143 shares, compared to its average volume of 41,918. RCI Hospitality has a twelve month low of $21.31 and a twelve month high of $33.78. The company has a current ratio of 1.16, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The stock has a market cap of $312.14 million, a price-to-earnings ratio of 21.45 and a beta of 0.47.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results on Thursday, May 10th. The restaurant operator reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.14. RCI Hospitality had a net margin of 12.95% and a return on equity of 13.51%. The business had revenue of $41.23 million during the quarter, compared to analysts’ expectations of $40.27 million. During the same quarter in the prior year, the business posted $0.39 EPS. analysts forecast that RCI Hospitality will post 2.17 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Friday, June 8th. RCI Hospitality’s dividend payout ratio is currently 8.39%.

Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in RCI Hospitality by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 651,100 shares of the restaurant operator’s stock worth $18,218,000 after purchasing an additional 17,300 shares during the period. BlackRock Inc. raised its position in RCI Hospitality by 3.1% during the 4th quarter. BlackRock Inc. now owns 430,014 shares of the restaurant operator’s stock worth $12,032,000 after buying an additional 13,082 shares during the last quarter. Millennium Management LLC raised its position in RCI Hospitality by 41.6% during the 4th quarter. Millennium Management LLC now owns 56,334 shares of the restaurant operator’s stock worth $1,576,000 after buying an additional 16,548 shares during the last quarter. Virtu Financial LLC purchased a new position in RCI Hospitality during the 4th quarter worth $623,000. Finally, MetLife Investment Advisors LLC purchased a new position in RCI Hospitality during the 4th quarter worth $133,000. Hedge funds and other institutional investors own 49.24% of the company’s stock.

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 two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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