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

HC Wainwright reissued their buy rating on shares of RCI Hospitality (NASDAQ:RICK) in a research note published on Wednesday morning,Benzinga reports. HC Wainwright currently has a $98.00 price objective on the restaurant operator’s stock. HC Wainwright also issued estimates for RCI Hospitality’s Q1 2025 earnings at $0.63 EPS, Q2 2025 earnings at $0.72 EPS, Q3 2025 earnings at $1.30 EPS, Q4 2025 earnings at $1.37 EPS and FY2025 earnings at $4.00 EPS.

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

RCI Hospitality Stock Down 0.2 %

RICK stock opened at $56.80 on Wednesday. The company’s 50 day moving average price is $48.80 and its 200 day moving average price is $45.91. The firm has a market capitalization of $511.03 million, a price-to-earnings ratio of 109.23 and a beta of 1.60. RCI Hospitality has a fifty-two week low of $37.61 and a fifty-two week high of $68.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90.

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. RCI Hospitality’s payout ratio is currently 87.50%.

Institutional Investors Weigh In On RCI Hospitality

Institutional investors have recently added to or reduced their stakes in the business. Progeny 3 Inc. raised its holdings in RCI Hospitality by 23.5% during 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. State Street Corp grew its position in shares of RCI Hospitality by 1.0% in the 3rd quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock valued at $8,772,000 after buying an additional 2,023 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of RCI Hospitality by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock valued at $2,644,000 after buying an additional 4,126 shares during the last quarter. Aptus Capital Advisors LLC raised its stake in RCI Hospitality by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock worth $2,250,000 after acquiring an additional 10,275 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in RCI Hospitality by 14.7% in the second quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock valued at $2,101,000 after acquiring an additional 6,174 shares during the last quarter. Hedge funds and other institutional investors 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.