RCI Hospitality Holdings, Inc. (RICK) Receives Average Recommendation of “Strong Buy” from Brokerages

Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus price objective of $29.38 for the company and are predicting that the company will post $0.43 earnings per share for the current quarter, according to Zacks. Zacks has also given RCI Hospitality an industry rank of 168 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. BidaskClub raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Thursday, January 18th. Finally, Westpark Capital set a $34.00 target price on shares of RCI Hospitality and gave the company a “buy” rating in a research note on Tuesday, January 16th.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors boosted its stake in shares of RCI Hospitality by 269.6% during the 2nd quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 4,995 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of RCI Hospitality during the 3rd quarter valued at about $207,000. The Manufacturers Life Insurance Company boosted its stake in shares of RCI Hospitality by 1,244.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 8,117 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of RCI Hospitality by 74.0% during the 3rd quarter. Bessemer Group Inc. now owns 8,700 shares of the restaurant operator’s stock valued at $215,000 after purchasing an additional 3,700 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of RCI Hospitality during the 4th quarter valued at about $224,000. 47.81% of the stock is currently owned by hedge funds and other institutional investors.

RCI Hospitality (RICK) opened at $28.05 on Monday. RCI Hospitality has a 52-week low of $16.02 and a 52-week high of $33.78. The stock has a market cap of $272.59, a PE ratio of 24.82 and a beta of 0.33. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.88.

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RCI Hospitality Company Profile

With more than 40 units, RCI Hospitality Holdings, Inc, through its subsidiaries, is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, and other cities operate under brand names, such as “Rick’s Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells Restaurant & Bar.” Investors are attracted by RCI’s strong cash flow, operating margins and local laws that create high barriers to entry in the gentlemen’s club business.

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