Sidoti Increases RCI Hospitality (NASDAQ:RICK) Price Target to $42.00


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RCI Hospitality (NASDAQ:RICK) had its price objective lifted by analysts at Sidoti from $35.00 to $42.00 in a report issued on Tuesday, The Fly reports. Sidoti’s price target indicates a potential upside of 8.14% from the company’s current price.

A number of other equities analysts have also recently weighed in on RICK. TheStreet upgraded RCI Hospitality from a “d+” rating to a “c” rating in a report on Tuesday, January 5th. ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Finally, Zacks Investment Research downgraded shares of RCI Hospitality from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 8th.

NASDAQ:RICK opened at $38.84 on Tuesday. The company’s 50-day moving average is $33.82 and its two-hundred day moving average is $22.65. RCI Hospitality has a 1-year low of $6.52 and a 1-year high of $41.33. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.86 and a quick ratio of 0.78. The firm has a market capitalization of $349.56 million, a price-to-earnings ratio of -121.38, a PEG ratio of 0.75 and a beta of 1.72.

RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings results on Tuesday, December 15th. The restaurant operator reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.13. RCI Hospitality had a negative net margin of 1.91% and a positive return on equity of 4.89%. As a group, equities analysts anticipate that RCI Hospitality will post 0.42 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of RICK. Greenhaven Road Investment Management L.P. boosted its holdings in RCI Hospitality by 66.2% during the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 572,412 shares of the restaurant operator’s stock valued at $11,677,000 after acquiring an additional 228,070 shares during the period. State Street Corp lifted its position in shares of RCI Hospitality by 2.0% during the third quarter. State Street Corp now owns 174,651 shares of the restaurant operator’s stock worth $3,563,000 after purchasing an additional 3,500 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of RCI Hospitality by 2.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 94,403 shares of the restaurant operator’s stock valued at $1,926,000 after purchasing an additional 1,980 shares during the period. Bank of New York Mellon Corp boosted its position in RCI Hospitality by 9.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 85,264 shares of the restaurant operator’s stock valued at $1,181,000 after buying an additional 7,139 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of RCI Hospitality by 29.6% in the second quarter. Nuveen Asset Management LLC now owns 52,643 shares of the restaurant operator’s stock worth $730,000 after acquiring an additional 12,034 shares in the last quarter. Hedge funds and other institutional investors own 53.00% of the company’s stock.

About RCI Hospitality

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.

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