RCI Hospitality (RICK) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of RCI Hospitality (NASDAQ:RICK) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning.

RICK has been the subject of a number of other research reports. BidaskClub upgraded shares of RCI Hospitality from a strong sell rating to a sell rating in a research note on Tuesday, October 9th. Zacks Investment Research cut shares of RCI Hospitality from a buy rating to a hold rating in a research report on Tuesday, October 16th. Finally, Westpark Capital set a $34.00 price target on shares of RCI Hospitality and gave the company a buy rating in a research report on Wednesday, October 17th. Three equities research analysts have rated the stock with a sell rating and one has given a buy rating to the company’s stock. RCI Hospitality currently has an average rating of Hold and a consensus target price of $36.00.

Shares of RICK stock traded up $0.67 on Thursday, reaching $21.38. 5,361 shares of the stock were exchanged, compared to its average volume of 73,218. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.79. The company has a market cap of $202.73 million, a P/E ratio of 9.81 and a beta of 0.96. RCI Hospitality has a twelve month low of $18.50 and a twelve month high of $34.84.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results on Monday, December 31st. The restaurant operator reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). The firm had revenue of $40.68 million for the quarter, compared to analyst estimates of $40.96 million. RCI Hospitality had a return on equity of 13.75% and a net margin of 13.10%. On average, equities analysts forecast that RCI Hospitality will post 2.35 EPS for the current year.

RCI Hospitality announced that its Board of Directors has authorized a share repurchase plan on Thursday, January 3rd that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 26th. Investors of record on Monday, December 10th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, December 7th. This represents a $0.12 dividend on an annualized basis and a yield of 0.56%. RCI Hospitality’s dividend payout ratio (DPR) is presently 5.50%.

A number of institutional investors and hedge funds have recently made changes to their positions in RICK. BlackRock Inc. lifted its position in RCI Hospitality by 11.4% in the second quarter. BlackRock Inc. now owns 468,991 shares of the restaurant operator’s stock valued at $14,842,000 after acquiring an additional 47,846 shares during the last quarter. Marshall Wace LLP purchased a new stake in RCI Hospitality in the third quarter valued at $1,274,000. Renaissance Technologies LLC lifted its position in RCI Hospitality by 3.4% in the second quarter. Renaissance Technologies LLC now owns 679,196 shares of the restaurant operator’s stock valued at $21,497,000 after acquiring an additional 22,486 shares during the last quarter. Vanguard Group Inc lifted its position in RCI Hospitality by 4.8% in the third quarter. Vanguard Group Inc now owns 466,172 shares of the restaurant operator’s stock valued at $13,804,000 after acquiring an additional 21,538 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in RCI Hospitality by 4.8% in the third quarter. Vanguard Group Inc. now owns 466,172 shares of the restaurant operator’s stock valued at $13,804,000 after acquiring an additional 21,538 shares during the last quarter. 49.29% 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 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.

Recommended Story: Stock Symbols, CUSIP and Other Stock Identifiers

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for RCI Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply