RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a 12-month consensus price objective of $27.25 for the company and are anticipating that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also given RCI Hospitality Holdings an industry rank of 119 out of 265 based on the ratings given to related companies.

A number of analysts recently issued reports on RICK shares. Zacks Investment Research upgraded RCI Hospitality Holdings from a “sell” rating to a “hold” rating and set a $30.00 price target for the company in a research report on Wednesday, October 11th. Westpark Capital set a $30.00 target price on RCI Hospitality Holdings and gave the stock a “buy” rating in a research note on Thursday, August 10th.

A number of hedge funds have recently added to or reduced their stakes in RICK. JPMorgan Chase & Co. increased its stake in RCI Hospitality Holdings by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 40,862 shares of the restaurant operator’s stock worth $708,000 after purchasing an additional 1,957 shares during the period. Vanguard Group Inc. increased its stake in 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 purchasing an additional 4,846 shares during the period. Geode Capital Management LLC increased its stake in RCI Hospitality Holdings by 16.8% in the first quarter. Geode Capital Management LLC now owns 52,575 shares of the restaurant operator’s stock worth $910,000 after purchasing an additional 7,574 shares during the period. Russell Investments Group Ltd. increased its stake in RCI Hospitality Holdings by 15.6% in the second quarter. Russell Investments Group Ltd. now owns 35,594 shares of the restaurant operator’s stock worth $849,000 after purchasing an additional 4,806 shares during the period. Finally, Acadian Asset Management LLC increased its stake in RCI Hospitality Holdings by 17.1% in the second quarter. Acadian Asset Management LLC now owns 286,500 shares of the restaurant operator’s stock worth $6,831,000 after purchasing an additional 41,890 shares during the period. Institutional investors and hedge funds own 50.80% of the company’s stock.

Shares of RCI Hospitality Holdings (RICK) traded up $0.28 on Tuesday, reaching $31.48. The company had a trading volume of 23,255 shares, compared to its average volume of 69,922. The company has a market capitalization of $303.23, a P/E ratio of 20.80 and a beta of 0.27. RCI Hospitality Holdings has a 12 month low of $12.12 and a 12 month high of $32.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.96.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be paid a $0.03 dividend. The ex-dividend date is Friday, December 8th. This represents a $0.12 dividend on an annualized basis and a yield of 0.38%. RCI Hospitality Holdings’s payout ratio is 10.62%.

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About RCI Hospitality Holdings

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