RCI Hospitality Holdings, Inc. (RICK) Given $29.38 Consensus Price Target by 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 research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $29.38 for the company and are forecasting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RCI Hospitality an industry rank of 129 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently issued reports on RICK shares. ValuEngine lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. BidaskClub lowered RCI Hospitality from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Finally, Westpark Capital set a $34.00 target price on RCI Hospitality and gave the company a “buy” rating in a research note on Tuesday, January 16th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in RCI Hospitality during the 4th quarter valued at approximately $133,000. Millennium Management LLC grew its stake in RCI Hospitality by 41.6% during the 4th quarter. Millennium Management LLC now owns 56,334 shares of the restaurant operator’s stock valued at $1,576,000 after purchasing an additional 16,548 shares in the last quarter. Deutsche Bank AG grew its stake in RCI Hospitality by 74.2% during the 4th quarter. Deutsche Bank AG now owns 35,776 shares of the restaurant operator’s stock valued at $1,000,000 after purchasing an additional 15,236 shares in the last quarter. Renaissance Technologies LLC grew its stake in RCI Hospitality by 2.7% during the 4th quarter. Renaissance Technologies LLC now owns 651,100 shares of the restaurant operator’s stock valued at $18,218,000 after purchasing an additional 17,300 shares in the last quarter. Finally, AXA grew its stake in RCI Hospitality by 9.1% during the 4th quarter. AXA now owns 58,000 shares of the restaurant operator’s stock valued at $1,623,000 after purchasing an additional 4,856 shares in the last quarter. Hedge funds and other institutional investors own 49.06% of the company’s stock.

Shares of RCI Hospitality (RICK) opened at $29.33 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.84 and a debt-to-equity ratio of 0.79. RCI Hospitality has a 12 month low of $16.02 and a 12 month high of $33.78. The stock has a market capitalization of $285.03, a PE ratio of 18.92 and a beta of 0.33.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Shareholders of record on Monday, March 12th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.12 dividend on an annualized basis and a yield of 0.41%. RCI Hospitality’s dividend payout ratio (DPR) is presently 13.95%.

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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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