RCI Hospitality (RICK) Cut to “Hold” at ValuEngine
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.
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/rci-hospitality-rick-cut-to-hold-at-valuengine/1738206.html.
About RCI Hospitality
Receive News & Ratings for RCI Hospitality Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.