RCI Hospitality Holdings, Inc. (RICK) Rating Reiterated by Westpark Capital
RCI Hospitality Holdings, Inc. (NASDAQ:RICK)‘s stock had its “buy” rating restated by analysts at Westpark Capital in a research report issued on Wednesday. They currently have a $30.00 price objective on the restaurant operator’s stock. Westpark Capital’s price objective would suggest a potential upside of 13.16% from the stock’s current price.
Separately, Zacks Investment Research raised RCI Hospitality Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday.
RCI Hospitality Holdings (RICK) traded up 0.49% during mid-day trading on Wednesday, reaching $26.51. The company’s stock had a trading volume of 72,256 shares. RCI Hospitality Holdings has a 1-year low of $10.92 and a 1-year high of $27.17. The firm has a market capitalization of $257.62 million, a price-to-earnings ratio of 23.97 and a beta of 0.27. The firm has a 50-day moving average of $24.37 and a 200 day moving average of $21.76.
RCI Hospitality Holdings (NASDAQ:RICK) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The firm had revenue of $37.43 million for the quarter, compared to analyst estimates of $37.64 million. RCI Hospitality Holdings had a return on equity of 10.75% and a net margin of 7.84%. During the same period in the previous year, the firm earned $0.34 earnings per share. Equities analysts expect that RCI Hospitality Holdings will post $1.44 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the stock. Bessemer Group Inc. acquired a new position in RCI Hospitality Holdings in the 2nd quarter worth about $119,000. Nordea Investment Management AB acquired a new position in RCI Hospitality Holdings in the 1st quarter worth about $147,000. Nationwide Fund Advisors increased its position in RCI Hospitality Holdings by 269.6% in the 2nd quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 4,995 shares during the last quarter. Sei Investments Co. increased its position in RCI Hospitality Holdings by 83.3% in the 2nd quarter. Sei Investments Co. now owns 8,153 shares of the restaurant operator’s stock worth $194,000 after purchasing an additional 3,706 shares during the last quarter. Finally, Hancock Holding Co. acquired a new position in RCI Hospitality Holdings in the 2nd quarter worth about $209,000. 48.47% of the stock is currently owned by hedge funds and other institutional investors.
RCI Hospitality Holdings Company Profile
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