RCI Hospitality Holdings, Inc. (RICK) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) from a sell rating to a hold rating in a research report report published on Wednesday morning.

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, Westpark Capital set a $30.00 price objective on shares of RCI Hospitality Holdings and gave the stock a buy rating in a research report on Thursday, August 10th.

RCI Hospitality Holdings (RICK) traded up 1.32% during mid-day trading on Wednesday, reaching $26.86. 67,450 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $24.44 and a 200-day moving average of $21.79. RCI Hospitality Holdings has a 12 month low of $10.92 and a 12 month high of $27.17. The firm has a market cap of $261.03 million, a price-to-earnings ratio of 24.29 and a beta of 0.27.

RCI Hospitality Holdings (NASDAQ:RICK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a net margin of 7.84% and a return on equity of 10.75%. The firm had revenue of $37.43 million during the quarter, compared to analysts’ expectations of $37.64 million. During the same period in the prior year, the company posted $0.34 EPS. Analysts anticipate that RCI Hospitality Holdings will post $1.44 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “RCI Hospitality Holdings, Inc. (RICK) Upgraded to Hold at Zacks Investment Research” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://stocknewstimes.com/2017/10/12/rci-hospitality-holdings-inc-rick-upgraded-to-hold-at-zacks-investment-research.html.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 25th. Stockholders of record on Monday, September 11th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.45%. The ex-dividend date was Friday, September 8th. RCI Hospitality Holdings’s dividend payout ratio (DPR) is presently 10.62%.

Several institutional investors and hedge funds have recently bought and sold shares of RICK. Russell Investments Group Ltd. increased its position in shares of RCI Hospitality Holdings by 46.4% during the first quarter. Russell Investments Group Ltd. now owns 30,788 shares of the restaurant operator’s stock worth $533,000 after buying an additional 9,753 shares during the period. Nordea Investment Management AB acquired a new stake in shares of RCI Hospitality Holdings during the first quarter worth $147,000. JPMorgan Chase & Co. increased its position in shares of RCI Hospitality Holdings by 5.0% during the first quarter. JPMorgan Chase & Co. now owns 40,862 shares of the restaurant operator’s stock worth $708,000 after buying an additional 1,957 shares during the period. Spark Investment Management LLC increased its position in shares of RCI Hospitality Holdings by 1.2% during the first quarter. Spark Investment Management LLC now owns 24,800 shares of the restaurant operator’s stock worth $429,000 after buying an additional 300 shares during the period. Finally, AXA increased its position in shares of RCI Hospitality Holdings by 39.7% during the first quarter. AXA now owns 34,844 shares of the restaurant operator’s stock worth $603,000 after buying an additional 9,900 shares during the period. Institutional investors own 48.47% of the company’s stock.

About RCI Hospitality Holdings

Receive News & Ratings for RCI Hospitality Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply