RCI Hospitality (RICK) Downgraded by Zacks Investment Research
RCI Hospitality (NASDAQ:RICK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “RCI Hospitality Holdings, Inc. owns and/or operates adult nightclubs that offer live adult entertainment, restaurant, and bar services. It operates adult nightclubs under the name Rick’s Cabaret, Club Onyx, XTC Cabaret, Tootsie’s Cabaret, Cabaret North, Jaguars and Cabaret East. The Company also owns and operates adult Internet Websites. RCI Hospitality Holdings, Inc., formerly known as Rick’s Cabaret International, Inc., is based in Houston, Texas. “
Other analysts have also recently issued reports about the stock. ValuEngine cut shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Friday. Westpark Capital set a $30.00 target price on shares of RCI Hospitality and gave the stock a “buy” rating in a report on Thursday, August 10th.
Large investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new stake in RCI Hospitality during the second quarter worth approximately $119,000. Nationwide Fund Advisors boosted its holdings in RCI Hospitality by 269.6% during the second quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after buying an additional 4,995 shares in the last quarter. Sei Investments Co. boosted its holdings in RCI Hospitality by 83.3% during the second quarter. Sei Investments Co. now owns 8,153 shares of the restaurant operator’s stock worth $194,000 after buying an additional 3,706 shares in the last quarter. Rhumbline Advisers bought a new stake in RCI Hospitality during the third quarter worth approximately $207,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in RCI Hospitality by 1,244.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock worth $210,000 after buying an additional 8,117 shares in the last quarter. Hedge funds and other institutional investors own 48.73% of the company’s stock.
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RCI Hospitality Company Profile
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