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 report published on Friday,Benzinga reports. They currently have a $98.00 target price 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 cut RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

RCI Hospitality Stock Performance

Shares of RICK opened at $54.20 on Friday. RCI Hospitality has a 12-month low of $37.61 and a 12-month high of $63.76. The stock has a market capitalization of $482.38 million, a P/E ratio of 104.23 and a beta of 1.57. The firm’s 50 day moving average is $53.14 and its 200-day moving average is $47.37. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.90 and a quick ratio of 0.82.

RCI Hospitality Dividend Announcement

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

Institutional Investors Weigh In On RCI Hospitality

Institutional investors have recently bought and sold shares of the business. Progeny 3 Inc. lifted its position in shares of RCI Hospitality by 23.5% in the second quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock worth $20,080,000 after purchasing an additional 87,832 shares in the last quarter. Barclays PLC lifted its position in RCI Hospitality by 330.2% in the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after buying an additional 10,433 shares in the last quarter. DHK Financial Advisors Inc. acquired a new stake in shares of RCI Hospitality during the 2nd quarter valued at $1,699,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 valued at $602,000 after acquiring an additional 2,252 shares in the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of RCI Hospitality during the third quarter worth $29,000. 53.82% of the stock is currently 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.