HC Wainwright Expects Stronger Earnings for RCI Hospitality

RCI Hospitality Holdings Inc (NASDAQ:RICK) – HC Wainwright boosted their FY2025 EPS estimates for shares of RCI Hospitality in a report issued on Wednesday, February 12th. HC Wainwright analyst S. Buck now anticipates that the restaurant operator will post earnings per share of $4.55 for the year, up from their previous forecast of $3.98. HC Wainwright currently has a “Buy” rating and a $98.00 price objective on the stock. The consensus estimate for RCI Hospitality’s current full-year earnings is $3.98 per share.

Separately, StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th.

RCI Hospitality Trading Up 3.7 %

Shares of RICK opened at $54.06 on Monday. RCI Hospitality has a fifty-two week low of $37.61 and a fifty-two week high of $61.66. The company has a market capitalization of $481.13 million, a PE ratio of 168.94 and a beta of 1.55. The stock has a fifty day moving average of $54.88 and a two-hundred day moving average of $49.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 0.98.

RCI Hospitality Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Monday, December 16th. RCI Hospitality’s dividend payout ratio (DPR) is 87.50%.

Hedge Funds Weigh In On RCI Hospitality

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in shares of RCI Hospitality by 58.7% during the 3rd quarter. SG Americas Securities LLC now owns 6,437 shares of the restaurant operator’s stock worth $287,000 after buying an additional 2,382 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in RCI Hospitality during the 3rd quarter worth approximately $54,000. Quest Partners LLC acquired a new stake in shares of RCI Hospitality in the third quarter worth $29,000. FMR LLC raised its holdings in shares of RCI Hospitality by 132.6% during the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 1,026 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in RCI Hospitality by 47.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,921 shares of the restaurant operator’s stock worth $175,000 after buying an additional 1,260 shares during the period. Hedge funds and other institutional investors own 53.82% 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’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.