HC Wainwright Reiterates Buy Rating for RCI Hospitality (NASDAQ:RICK)

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $98.00 price target on the restaurant operator’s stock. HC Wainwright’s price target indicates a potential upside of 91.86% from the stock’s previous close.

Separately, StockNews.com cut shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.

RCI Hospitality Stock Up 1.3 %

RICK opened at $51.08 on Wednesday. RCI Hospitality has a fifty-two week low of $37.61 and a fifty-two week high of $61.66. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.89 and a current ratio of 0.98. The company has a fifty day moving average of $54.84 and a two-hundred day moving average of $48.94. The stock has a market capitalization of $454.61 million, a price-to-earnings ratio of 159.63 and a beta of 1.55.

Institutional Trading of RCI Hospitality

Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in RCI Hospitality in the 4th quarter valued at about $1,498,000. XTX Topco Ltd acquired a new position in RCI Hospitality in the 4th quarter valued at about $433,000. Mariner LLC acquired a new position in RCI Hospitality in the 4th quarter valued at about $356,000. TT Capital Management LLC acquired a new position in RCI Hospitality in the 4th quarter valued at about $250,000. Finally, Renaissance Technologies LLC boosted its holdings in RCI Hospitality by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 45,900 shares of the restaurant operator’s stock valued at $2,638,000 after purchasing an additional 922 shares during the last quarter. Hedge funds and other institutional investors own 53.82% 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.