Zacks: RCI Hospitality Holdings, Inc. (RICK) Given Average Rating of “Strong Buy” by Analysts
Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price target of $27.67 for the company and are expecting that the company will post $0.36 earnings per share for the current quarter, according to Zacks. Zacks has also given RCI Hospitality Holdings an industry rank of 158 out of 265 based on the ratings given to related companies.
A number of analysts have recently issued reports on RICK shares. Westpark Capital set a $30.00 price target on RCI Hospitality Holdings and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research raised RCI Hospitality Holdings from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Thursday, May 25th.
Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of RCI Hospitality Holdings by 1.2% in the first quarter. Renaissance Technologies LLC now owns 592,000 shares of the restaurant operator’s stock worth $10,253,000 after buying an additional 7,200 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of RCI Hospitality Holdings by 1.1% in the first quarter. Vanguard Group Inc. now owns 444,667 shares of the restaurant operator’s stock worth $7,702,000 after buying an additional 4,846 shares in the last quarter. LSV Asset Management raised its stake in shares of RCI Hospitality Holdings by 4.8% in the second quarter. LSV Asset Management now owns 339,123 shares of the restaurant operator’s stock worth $8,084,000 after buying an additional 15,500 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of RCI Hospitality Holdings by 17.1% in the second quarter. Acadian Asset Management LLC now owns 286,500 shares of the restaurant operator’s stock worth $6,831,000 after buying an additional 41,890 shares in the last quarter. Finally, AJO LP purchased a new stake in shares of RCI Hospitality Holdings during the second quarter worth about $2,900,000. 40.29% of the stock is currently owned by hedge funds and other institutional investors.
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RCI Hospitality Holdings (NASDAQ RICK) opened at 26.14 on Friday. The firm has a 50-day moving average price of $23.42 and a 200 day moving average price of $19.50. RCI Hospitality Holdings has a 1-year low of $10.58 and a 1-year high of $26.85. The company has a market capitalization of $254.03 million, a P/E ratio of 26.65 and a beta of 0.25.
RCI Hospitality Holdings (NASDAQ:RICK) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04. The firm had revenue of $37.43 million for the quarter, compared to analyst estimates of $37.64 million. RCI Hospitality Holdings had a return on equity of 10.88% and a net margin of 7.84%. During the same period in the previous year, the company posted $0.34 earnings per share. On average, equities analysts predict that RCI Hospitality Holdings will post $1.45 EPS for the current year.
About RCI Hospitality Holdings
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