HC Wainwright Reiterates “Buy” Rating for RCI Hospitality (NASDAQ:RICK)

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report released on Monday,Benzinga reports. They presently have a $98.00 price objective on the restaurant operator’s stock. HC Wainwright’s target price suggests a potential upside of 74.32% from the company’s previous close.

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

RCI Hospitality Stock Down 1.6 %

Shares of NASDAQ RICK opened at $56.22 on Monday. The stock has a market capitalization of $500.36 million, a price-to-earnings ratio of 175.69 and a beta of 1.57. RCI Hospitality has a 52 week low of $37.61 and a 52 week high of $63.64. The firm has a 50-day moving average price of $54.35 and a 200 day moving average price of $48.45. The company has a quick ratio of 0.89, a current ratio of 0.98 and a debt-to-equity ratio of 0.83.

Hedge Funds Weigh In On RCI Hospitality

Several hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new position in shares of RCI Hospitality during the 4th quarter worth approximately $53,000. Brighton Jones LLC acquired a new position in shares of RCI Hospitality in the fourth quarter valued at approximately $211,000. Barclays PLC lifted its stake in shares of RCI Hospitality by 330.2% during the 3rd quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after purchasing an additional 10,433 shares during the period. State Street Corp boosted its holdings in shares of RCI Hospitality by 1.0% during the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock worth $8,772,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in RCI Hospitality by 146.4% during the third quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock worth $221,000 after buying an additional 2,948 shares during the period. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

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.