RCI Hospitality (NASDAQ:RICK) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, RCI Hospitality has a consensus rating of “Sell”.

RCI Hospitality Stock Performance

RICK stock opened at $30.87 on Friday. RCI Hospitality has a 1-year low of $20.76 and a 1-year high of $38.25. The business has a 50-day moving average price of $26.86 and a 200 day moving average price of $24.92. The company has a market capitalization of $235.85 million, a P/E ratio of -75.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%. The firm had revenue of $73.94 million during the quarter.

RCI Hospitality Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. RCI Hospitality’s dividend payout ratio (DPR) is presently -78.05%.

Institutional Trading of RCI Hospitality

Large investors have recently bought and sold shares of the stock. Brighton Jones LLC purchased a new stake in shares of RCI Hospitality in the 4th quarter valued at $211,000. Hsbc Holdings PLC purchased a new position in shares of RCI Hospitality during the second quarter worth $289,000. PDT Partners LLC purchased a new position in shares of RCI Hospitality during the second quarter worth $1,184,000. Canada Pension Plan Investment Board acquired a new position in RCI Hospitality during the second quarter valued at $355,000. Finally, Manatuck Hill Partners LLC acquired a new position in RCI Hospitality during the second quarter valued at $273,000. Hedge funds and other institutional investors own 53.82% of the company’s stock.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.