StockNews.com Downgrades RCI Hospitality (NASDAQ:RICK) to Hold

RCI Hospitality (NASDAQ:RICK) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

RICK has been the subject of several other research reports. HC Wainwright reiterated a “buy” rating and issued a $115.00 price objective on shares of RCI Hospitality in a research note on Monday, February 12th. TheStreet downgraded shares of RCI Hospitality from a “b-” rating to a “c+” rating in a research report on Tuesday, March 5th.

RCI Hospitality Stock Performance

NASDAQ RICK opened at $50.08 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The business’s 50 day moving average is $55.52 and its two-hundred day moving average is $58.22. The stock has a market capitalization of $468.75 million, a price-to-earnings ratio of 17.95, a PEG ratio of 1.09 and a beta of 1.65. RCI Hospitality has a 12-month low of $49.37 and a 12-month high of $79.46.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). RCI Hospitality had a return on equity of 10.67% and a net margin of 8.81%. The business had revenue of $73.90 million for the quarter, compared to analyst estimates of $73.30 million. During the same period in the prior year, the company earned $1.11 EPS. The company’s revenue was up 5.6% on a year-over-year basis. Research analysts expect that RCI Hospitality will post 3.84 EPS for the current year.

Insider Buying and Selling

In other news, CEO Eric Scott Langan bought 1,000 shares of RCI Hospitality stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $54.54 per share, for a total transaction of $54,540.00. Following the acquisition, the chief executive officer now owns 703,000 shares in the company, valued at $38,341,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RCI Hospitality

Several hedge funds have recently made changes to their positions in RICK. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in RCI Hospitality in the 3rd quarter worth about $98,000. Charles Schwab Investment Management Inc. grew its holdings in RCI Hospitality by 184.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 66,737 shares of the restaurant operator’s stock valued at $4,048,000 after purchasing an additional 43,273 shares during the period. Swiss National Bank increased its position in RCI Hospitality by 3.3% during the third quarter. Swiss National Bank now owns 18,700 shares of the restaurant operator’s stock worth $1,134,000 after purchasing an additional 600 shares during the last quarter. Vanguard Group Inc. raised its stake in RCI Hospitality by 2.2% during the third quarter. Vanguard Group Inc. now owns 475,370 shares of the restaurant operator’s stock worth $28,836,000 after purchasing an additional 10,411 shares during the period. Finally, Mutual Advisors LLC purchased a new stake in shares of RCI Hospitality during the 4th quarter valued at $354,000. Institutional investors and hedge funds own 53.82% 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’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.