RCI Hospitality Holdings, Inc. (NASDAQ:RICK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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 target on RCI Hospitality Holdings and gave the stock a “buy” rating in a research report on Thursday, August 10th.

RCI Hospitality Holdings (RICK) traded up 0.16% during mid-day trading on Wednesday, hitting $25.34. The company’s stock had a trading volume of 4,511 shares. The company has a market cap of $246.25 million, a P/E ratio of 22.91 and a beta of 0.27. RCI Hospitality Holdings has a 12-month low of $10.92 and a 12-month high of $26.85. The firm’s 50-day moving average is $24.26 and its 200-day moving average is $21.45.

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

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Several institutional investors and hedge funds have recently bought and sold shares of RICK. AXA boosted its stake in RCI Hospitality Holdings by 39.7% in the 1st quarter. AXA now owns 34,844 shares of the restaurant operator’s stock worth $603,000 after purchasing an additional 9,900 shares in the last quarter. LSV Asset Management grew its position in RCI Hospitality Holdings by 4.8% during the 2nd quarter. LSV Asset Management now owns 339,123 shares of the restaurant operator’s stock worth $8,084,000 after purchasing an additional 15,500 shares during the last quarter. Renaissance Technologies LLC grew its position in RCI Hospitality Holdings by 1.2% during the 1st quarter. Renaissance Technologies LLC now owns 592,000 shares of the restaurant operator’s stock worth $10,253,000 after purchasing an additional 7,200 shares during the last quarter. AJO LP purchased a new stake in RCI Hospitality Holdings during the 2nd quarter worth approximately $2,900,000. Finally, Russell Investments Group Ltd. increased its stake in RCI Hospitality Holdings by 15.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 35,594 shares of the restaurant operator’s stock valued at $849,000 after purchasing an additional 4,806 shares in the last quarter. Hedge funds and other institutional investors own 48.47% of the company’s stock.

RCI Hospitality Holdings Company Profile

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