RCI Hospitality (NASDAQ:RICK) had its price target upped by equities research analysts at Sidoti from $35.00 to $42.00 in a report released on Tuesday, The Fly reports. Sidoti’s price objective suggests a potential upside of 8.14% from the stock’s previous close.

Several other research analysts also recently issued reports on RICK. TheStreet raised RCI Hospitality from a “d+” rating to a “c” rating in a research note on Tuesday, January 5th. Zacks Investment Research cut shares of RCI Hospitality from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 8th. Finally, ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Monday, November 2nd.

Shares of RCI Hospitality stock opened at $38.84 on Tuesday. The company has a 50-day moving average of $33.82 and a two-hundred day moving average of $22.65. RCI Hospitality has a 12-month low of $6.52 and a 12-month high of $41.33. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 0.81. The stock has a market cap of $349.56 million, a PE ratio of -121.38, a price-to-earnings-growth ratio of 0.75 and a beta of 1.72.

RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings results on Tuesday, December 15th. The restaurant operator reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.13. RCI Hospitality had a positive return on equity of 4.89% and a negative net margin of 1.91%. On average, sell-side analysts forecast that RCI Hospitality will post 0.42 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Greenhaven Road Investment Management L.P. increased its position in RCI Hospitality by 66.2% during the 3rd quarter. Greenhaven Road Investment Management L.P. now owns 572,412 shares of the restaurant operator’s stock worth $11,677,000 after purchasing an additional 228,070 shares in the last quarter. State Street Corp lifted its holdings in RCI Hospitality by 2.0% in the 3rd quarter. State Street Corp now owns 174,651 shares of the restaurant operator’s stock valued at $3,563,000 after purchasing an additional 3,500 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of RCI Hospitality by 2.1% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 94,403 shares of the restaurant operator’s stock worth $1,926,000 after purchasing an additional 1,980 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of RCI Hospitality by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 85,264 shares of the restaurant operator’s stock worth $1,181,000 after buying an additional 7,139 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of RCI Hospitality by 29.6% in the second quarter. Nuveen Asset Management LLC now owns 52,643 shares of the restaurant operator’s stock valued at $730,000 after buying an additional 12,034 shares during the last quarter. 53.00% of the stock is currently owned by institutional investors and hedge funds.

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.

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