Zacks: RCI Hospitality Holdings, Inc. (RICK) Receives Average Recommendation of “Strong Buy” from Analysts
RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $27.25 for the company and are forecasting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given RCI Hospitality Holdings an industry rank of 160 out of 265 based on the ratings given to related companies.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded RCI Hospitality Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 15th. Westpark Capital set a $30.00 price target on RCI Hospitality Holdings and gave the company a “buy” rating in a report on Thursday, August 10th.
RCI Hospitality Holdings (NASDAQ RICK) traded up 8.38% during trading on Tuesday, hitting $26.38. The stock had a trading volume of 136,130 shares. The stock has a market cap of $256.36 million, a price-to-earnings ratio of 23.85 and a beta of 0.26. The stock has a 50 day moving average price of $24.37 and a 200-day moving average price of $21.76. RCI Hospitality Holdings has a 12 month low of $10.92 and a 12 month high of $27.17.
RCI Hospitality Holdings (NASDAQ:RICK) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a return on equity of 10.75% and a net margin of 7.84%. The company had revenue of $37.43 million for the quarter, compared to the consensus estimate of $37.64 million. During the same period last year, the business posted $0.34 EPS. On average, equities analysts predict that RCI Hospitality Holdings will post $1.44 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.45%. RCI Hospitality Holdings’s dividend payout ratio is presently 10.62%.
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Several large investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new position in shares of RCI Hospitality Holdings in the 2nd quarter valued at $384,000. The Manufacturers Life Insurance Company increased its holdings in shares of RCI Hospitality Holdings by 1,244.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock valued at $210,000 after acquiring an additional 8,117 shares during the period. State Street Corp purchased a new position in shares of RCI Hospitality Holdings in the 2nd quarter valued at $2,508,000. Numeric Investors LLC purchased a new position in shares of RCI Hospitality Holdings in the 2nd quarter valued at $1,867,000. Finally, OxFORD Asset Management LLP purchased a new position in shares of RCI Hospitality Holdings in the 2nd quarter valued at $370,000. Institutional investors and hedge funds own 48.47% of the company’s stock.
RCI Hospitality Holdings Company Profile
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