RCI Hospitality (NASDAQ:RICK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a buy rating in a report issued on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a research note on Monday, August 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

RCI Hospitality Trading Down 1.1%

Shares of RCI Hospitality stock opened at $29.04 on Friday. The firm’s 50 day moving average is $27.86 and its 200 day moving average is $25.67. The firm has a market capitalization of $221.98 million, a PE ratio of -70.83 and a beta of 0.78. RCI Hospitality has a 1 year low of $20.76 and a 1 year high of $35.18. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 EPS for the quarter. The business had revenue of $73.94 million during the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. RCI Hospitality’s dividend payout ratio is currently -78.05%.

Institutional Investors Weigh In On RCI Hospitality

Several hedge funds have recently added to or reduced their stakes in RICK. BNP Paribas Financial Markets grew its holdings in RCI Hospitality by 62.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 324 shares during the last quarter. State of Wyoming bought a new position in RCI Hospitality during the 4th quarter worth $67,000. California State Teachers Retirement System grew its position in shares of RCI Hospitality by 549.9% in the 2nd quarter. California State Teachers Retirement System now owns 2,541 shares of the restaurant operator’s stock valued at $69,000 after buying an additional 2,150 shares during the last quarter. Copeland Capital Management LLC lifted its stake in shares of RCI Hospitality by 122.0% in the first quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 1,816 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in RCI Hospitality during the 3rd quarter valued at approximately $115,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.