RCI Hospitality Holdings, Inc. (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. “

Separately, Westpark Capital set a $30.00 target price on RCI Hospitality Holdings and gave the stock a “buy” rating in a report on Thursday, August 10th.

Shares of RCI Hospitality Holdings (NASDAQ:RICK) opened at 26.33 on Tuesday. The company has a market capitalization of $255.87 million, a P/E ratio of 26.84 and a beta of 0.25. The stock has a 50 day moving average price of $23.59 and a 200-day moving average price of $19.65. RCI Hospitality Holdings has a one year low of $10.58 and a one year high of $26.85.

RCI Hospitality Holdings (NASDAQ:RICK) last issued its earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a return on equity of 10.75% and a net margin of 7.84%. The business had revenue of $37.43 million during the quarter, compared to analysts’ expectations of $37.64 million. During the same period in the prior year, the firm posted $0.34 EPS. Equities research analysts predict that RCI Hospitality Holdings will post $1.44 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of RCI Hospitality Holdings by 1.1% in the first quarter. Vanguard Group Inc. now owns 444,667 shares of the restaurant operator’s stock worth $7,702,000 after buying an additional 4,846 shares during the last quarter. Segantii Capital Management Ltd boosted its position in shares of RCI Hospitality Holdings by 552.6% in the first quarter. Segantii Capital Management Ltd now owns 12,400 shares of the restaurant operator’s stock worth $215,000 after buying an additional 10,500 shares during the last quarter. ClariVest Asset Management LLC boosted its position in shares of RCI Hospitality Holdings by 58.0% in the first quarter. ClariVest Asset Management LLC now owns 25,418 shares of the restaurant operator’s stock worth $440,000 after buying an additional 9,334 shares during the last quarter. AXA boosted its position in shares of RCI Hospitality Holdings by 39.7% in the first quarter. AXA now owns 34,844 shares of the restaurant operator’s stock worth $603,000 after buying an additional 9,900 shares during the last quarter. Finally, Spark Investment Management LLC boosted its position in shares of RCI Hospitality Holdings by 1.2% in the first quarter. Spark Investment Management LLC now owns 24,800 shares of the restaurant operator’s stock worth $429,000 after buying an additional 300 shares during the last quarter. 40.42% of the stock is owned by institutional investors and hedge funds.

RCI Hospitality Holdings Company Profile

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