Zacks Investment Research downgraded shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a sell rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “RCI Hospitality Holdings, Inc. owns and/or operates adult nightclubs that offer live adult entertainment, restaurant, and bar services. It operates adult nightclubs under the name Rick’s Cabaret, Club Onyx, XTC Cabaret, Tootsie’s Cabaret, Cabaret North, Jaguars and Cabaret East. The Company also owns and operates adult Internet Websites. RCI Hospitality Holdings, Inc., formerly known as Rick’s Cabaret International, Inc., is based in Houston, Texas. “

Separately, ValuEngine upgraded RCI Hospitality from a strong sell rating to a sell rating in a report on Monday, April 1st.

NASDAQ RICK opened at $17.32 on Tuesday. RCI Hospitality has a one year low of $15.61 and a one year high of $34.84. The company has a market cap of $159.70 million, a P/E ratio of 7.32 and a beta of 1.11. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 0.87.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, June 10th will be issued a $0.03 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.12 annualized dividend and a yield of 0.69%. RCI Hospitality’s payout ratio is currently 5.50%.

Large investors have recently made changes to their positions in the business. Bank of America Corp DE boosted its holdings in RCI Hospitality by 50.6% in the fourth quarter. Bank of America Corp DE now owns 7,705 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 2,588 shares in the last quarter. Globeflex Capital L P bought a new position in shares of RCI Hospitality in the fourth quarter valued at approximately $204,000. Parametric Portfolio Associates LLC bought a new position in shares of RCI Hospitality in the first quarter valued at approximately $217,000. Alambic Investment Management L.P. bought a new position in shares of RCI Hospitality in the fourth quarter valued at approximately $237,000. Finally, Noked Capital LTD bought a new position in shares of RCI Hospitality in the fourth quarter valued at approximately $239,000. Institutional investors and hedge funds own 47.88% of the company’s stock.

RCI Hospitality Company Profile

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 owns 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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