RCI Hospitality (NASDAQ:RICK) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Other analysts have also issued reports about the stock. Zacks Investment Research lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Westpark Capital set a $30.00 price objective on shares of RCI Hospitality and gave the stock a “buy” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. RCI Hospitality presently has an average rating of “Buy” and a consensus target price of $29.00.
RCI Hospitality (NASDAQ RICK) traded down $0.34 during trading hours on Friday, reaching $32.59. 56,391 shares of the company were exchanged, compared to its average volume of 67,250. RCI Hospitality has a 52 week low of $12.64 and a 52 week high of $33.78. The stock has a market capitalization of $320.05, a price-to-earnings ratio of 21.95 and a beta of 0.33. The company has a current ratio of 0.96, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.
A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP lifted its stake in RCI Hospitality by 374.4% in the third quarter. GSA Capital Partners LLP now owns 41,308 shares of the restaurant operator’s stock worth $1,022,000 after acquiring an additional 32,600 shares during the period. OxFORD Asset Management LLP lifted its position in shares of RCI Hospitality by 398.0% during the third quarter. OxFORD Asset Management LLP now owns 77,193 shares of the restaurant operator’s stock valued at $1,974,000 after buying an additional 61,692 shares during the last quarter. Wells Fargo & Company MN purchased a new stake in shares of RCI Hospitality during the third quarter valued at about $338,000. JPMorgan Chase & Co. lifted its position in shares of RCI Hospitality by 152.0% during the third quarter. JPMorgan Chase & Co. now owns 86,400 shares of the restaurant operator’s stock valued at $2,209,000 after buying an additional 52,118 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of RCI Hospitality by 66.3% during the third quarter. Nordea Investment Management AB now owns 15,800 shares of the restaurant operator’s stock valued at $391,000 after buying an additional 6,300 shares during the last quarter. 48.39% of the stock is owned by institutional investors.
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About RCI Hospitality
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