BidaskClub cut shares of RCI Hospitality (NASDAQ:RICK) from a buy rating to a hold rating in a research report report published on Tuesday.

RICK has been the topic of a number of other reports. Zacks Investment Research lowered shares of RCI Hospitality from a hold rating to a sell rating in a research report on Wednesday, October 4th. Westpark Capital reiterated a buy rating and set a $30.00 target price on shares of RCI Hospitality in a research report on Wednesday, October 11th. Finally, ValuEngine lowered shares of RCI Hospitality from a buy rating to a hold rating in a research report on Friday, December 1st.

RCI Hospitality (RICK) opened at $29.69 on Tuesday. RCI Hospitality has a 12-month low of $16.02 and a 12-month high of $33.78. The stock has a market cap of $289.24, a P/E ratio of 19.84 and a beta of 0.34. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, December 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. RCI Hospitality’s payout ratio is 10.62%.

Several hedge funds have recently made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of RCI Hospitality by 269.6% during the second quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after buying an additional 4,995 shares during the last quarter. Rhumbline Advisers bought a new stake in shares of RCI Hospitality during the third quarter worth approximately $207,000. Hancock Holding Co. bought a new stake in shares of RCI Hospitality during the second quarter worth approximately $209,000. The Manufacturers Life Insurance Company raised its stake in shares of RCI Hospitality by 1,244.9% during the second quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock worth $210,000 after buying an additional 8,117 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in shares of RCI Hospitality by 74.0% during the third quarter. Bessemer Group Inc. now owns 8,700 shares of the restaurant operator’s stock worth $215,000 after buying an additional 3,700 shares during the last quarter. Institutional investors own 48.61% of the company’s stock.

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About RCI Hospitality

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