RCI Hospitality (NASDAQ:RICK) Earns “Buy” Rating from HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating restated by equities researchers at HC Wainwright in a note issued to investors on Wednesday,Benzinga reports. They currently have a $98.00 price target on the restaurant operator’s stock. HC Wainwright’s target price would indicate a potential upside of 90.88% from the stock’s previous close.

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

RCI Hospitality Stock Performance

RICK stock opened at $51.34 on Wednesday. The firm has a market cap of $456.93 million, a price-to-earnings ratio of 160.44 and a beta of 1.55. The firm has a 50-day simple moving average of $54.86 and a two-hundred day simple moving average of $48.91. RCI Hospitality has a one year low of $37.61 and a one year high of $61.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 0.98.

Hedge Funds Weigh In On RCI Hospitality

Several hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of RCI Hospitality by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator’s stock valued at $3,912,000 after acquiring an additional 363 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of RCI Hospitality by 254.1% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 498 shares in the last quarter. Quest Partners LLC acquired a new position in shares of RCI Hospitality during the third quarter valued at about $29,000. AlphaQuest LLC increased its holdings in shares of RCI Hospitality by 107.4% during the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 693 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of RCI Hospitality during the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 53.82% 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 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.