RCI Hospitality Holdings Inc (RICK) Receives Average Rating of “Strong Buy” from Analysts

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

Brokers have set a one year consensus price target of $34.00 for the company and are predicting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given RCI Hospitality an industry rank of 219 out of 255 based on the ratings given to its competitors.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised RCI Hospitality from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a report on Thursday, May 17th. BidaskClub downgraded RCI Hospitality from a “strong-buy” rating to a “buy” rating in a report on Friday, June 15th. ValuEngine downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Finally, Westpark Capital set a $34.00 price objective on RCI Hospitality and gave the company a “buy” rating in a report on Friday, July 13th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio increased its position in shares of RCI Hospitality by 7.5% in the second quarter. Strs Ohio now owns 24,300 shares of the restaurant operator’s stock worth $769,000 after purchasing an additional 1,700 shares during the period. ClariVest Asset Management LLC grew its position in RCI Hospitality by 10.7% in the first quarter. ClariVest Asset Management LLC now owns 19,478 shares of the restaurant operator’s stock valued at $553,000 after acquiring an additional 1,877 shares during the last quarter. California Public Employees Retirement System grew its position in RCI Hospitality by 5.8% in the second quarter. California Public Employees Retirement System now owns 37,131 shares of the restaurant operator’s stock valued at $1,175,000 after acquiring an additional 2,031 shares during the last quarter. Stanley Laman Group Ltd. grew its position in RCI Hospitality by 12.0% in the second quarter. Stanley Laman Group Ltd. now owns 22,659 shares of the restaurant operator’s stock valued at $717,000 after acquiring an additional 2,430 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in RCI Hospitality by 15.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the restaurant operator’s stock valued at $586,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 49.31% of the company’s stock.

NASDAQ RICK opened at $30.75 on Friday. RCI Hospitality has a 52-week low of $23.96 and a 52-week high of $34.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 1.14. The company has a market cap of $287.75 million, a P/E ratio of 21.50 and a beta of 0.70.

RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Thursday, August 9th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $42.63 million during the quarter, compared to analysts’ expectations of $40.97 million. RCI Hospitality had a return on equity of 13.85% and a net margin of 13.48%. sell-side analysts expect that RCI Hospitality will post 2.23 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 25th. Investors of record on Monday, September 10th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Friday, September 7th. RCI Hospitality’s payout ratio is currently 8.39%.

About RCI Hospitality

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. The company owns and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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