Wall Street Zen Upgrades RCI Hospitality (NASDAQ:RICK) to “Buy”

RCI Hospitality (NASDAQ:RICK) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday, Wall Street Zen reports.

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

RCI Hospitality Price Performance

RICK opened at $29.35 on Friday. RCI Hospitality has a 1-year low of $20.76 and a 1-year high of $36.72. The stock’s fifty day simple moving average is $27.83 and its 200 day simple moving average is $25.63. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89. The stock has a market cap of $224.23 million, a PE ratio of -71.58 and a beta of 0.78.

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

Institutional Trading of RCI Hospitality

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

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.