RCI Hospitality (NASDAQ:RICK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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 issued research reports about the stock. Westpark Capital restated a “buy” rating and set a $30.00 target price on shares of RCI Hospitality in a research report on Wednesday, October 11th. ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Shares of RCI Hospitality (NASDAQ:RICK) traded up $0.19 during midday trading on Tuesday, reaching $31.33. 33,600 shares of the company were exchanged, compared to its average volume of 69,193. RCI Hospitality has a 1 year low of $13.63 and a 1 year high of $33.78. The firm has a market capitalization of $302.65, a price-to-earnings ratio of 20.76 and a beta of 0.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.96.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. acquired a new position in shares of RCI Hospitality in the 2nd quarter valued at $119,000. Nationwide Fund Advisors raised its stake in shares of RCI Hospitality by 269.6% in the 2nd quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock valued at $163,000 after acquiring an additional 4,995 shares during the period. Sei Investments Co. raised its stake in shares of RCI Hospitality by 83.3% in the 2nd quarter. Sei Investments Co. now owns 8,153 shares of the restaurant operator’s stock valued at $194,000 after acquiring an additional 3,706 shares during the period. Rhumbline Advisers purchased a new position in shares of RCI Hospitality in the 3rd quarter valued at $207,000. Finally, Hancock Holding Co. purchased a new position in shares of RCI Hospitality in the 2nd quarter valued at $209,000. Institutional investors own 48.73% of the company’s stock.
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RCI Hospitality Company Profile
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