RCI Hospitality (NASDAQ:RICK) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded RCI Hospitality from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Saturday, August 12th. Westpark Capital set a $30.00 target price on RCI Hospitality and gave the stock a “buy” rating in a report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.00.

Shares of RCI Hospitality (NASDAQ RICK) opened at $32.59 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $320.04, a PE ratio of 21.61 and a beta of 0.27. RCI Hospitality has a fifty-two week low of $12.64 and a fifty-two week high of $33.78.

Several large investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its holdings in shares of RCI Hospitality by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 616,700 shares of the restaurant operator’s stock worth $14,702,000 after purchasing an additional 24,700 shares during the period. Vanguard Group Inc. grew its holdings in shares of RCI Hospitality by 5.7% during the 2nd quarter. Vanguard Group Inc. now owns 470,228 shares of the restaurant operator’s stock worth $11,210,000 after purchasing an additional 25,561 shares during the period. LSV Asset Management grew its holdings in shares of RCI Hospitality by 4.8% during the 2nd quarter. LSV Asset Management now owns 339,123 shares of the restaurant operator’s stock worth $8,084,000 after purchasing an additional 15,500 shares during the period. Northern Trust Corp grew its holdings in shares of RCI Hospitality by 172.4% during the 2nd quarter. Northern Trust Corp now owns 125,642 shares of the restaurant operator’s stock worth $2,996,000 after purchasing an additional 79,510 shares during the period. Finally, AJO LP purchased a new stake in shares of RCI Hospitality during the 2nd quarter worth about $2,900,000. Institutional investors and hedge funds own 48.39% of the company’s stock.

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About RCI Hospitality

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