RCI Hospitality (NASDAQ:RICK) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a sell rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “RCI Hospitality Holdings, Inc. owns and/or operates adult nightclubs that offer live adult entertainment, restaurant, and bar services. It operates adult nightclubs under the name Rick’s Cabaret, Club Onyx, XTC Cabaret, Tootsie’s Cabaret, Cabaret North, Jaguars and Cabaret East. The Company also owns and operates adult Internet Websites. RCI Hospitality Holdings, Inc., formerly known as Rick’s Cabaret International, Inc., is based in Houston, Texas. “

Separately, ValuEngine downgraded Yext from a strong-buy rating to a buy rating in a research note on Friday, May 10th.

RCI Hospitality stock opened at $14.65 on Wednesday. RCI Hospitality has a 12 month low of $12.50 and a 12 month high of $34.84. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average price of $16.95. The stock has a market capitalization of $163.09 million, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 0.36 and a beta of 1.11.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.12 annualized dividend and a dividend yield of 0.82%. RCI Hospitality’s dividend payout ratio is currently 5.50%.

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in RCI Hospitality by 49.3% in the 4th quarter. Rhumbline Advisers now owns 11,932 shares of the restaurant operator’s stock worth $266,000 after purchasing an additional 3,939 shares during the last quarter. Prudential Financial Inc. lifted its holdings in RCI Hospitality by 72.6% in the 4th quarter. Prudential Financial Inc. now owns 35,930 shares of the restaurant operator’s stock worth $803,000 after purchasing an additional 15,110 shares during the last quarter. First Trust Advisors LP lifted its holdings in RCI Hospitality by 18.7% in the 4th quarter. First Trust Advisors LP now owns 16,291 shares of the restaurant operator’s stock worth $364,000 after purchasing an additional 2,563 shares during the last quarter. BlackRock Inc. lifted its holdings in RCI Hospitality by 0.3% in the 4th quarter. BlackRock Inc. now owns 473,394 shares of the restaurant operator’s stock worth $10,572,000 after purchasing an additional 1,417 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in RCI Hospitality by 14.8% in the 4th quarter. Bank of New York Mellon Corp now owns 72,458 shares of the restaurant operator’s stock worth $1,618,000 after purchasing an additional 9,336 shares during the last quarter. Hedge funds and other institutional investors own 47.85% of the company’s stock.

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 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, 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.

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