RCI Hospitality (NASDAQ:RICK) Given “Buy” Rating at HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating reissued by equities researchers at HC Wainwright in a report issued on Monday,Benzinga reports. They currently have a $98.00 price objective on the restaurant operator’s stock. HC Wainwright’s price objective would indicate a potential upside of 74.32% from the stock’s previous close.

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

RCI Hospitality Trading Down 1.6 %

Shares of RICK opened at $56.22 on Monday. RCI Hospitality has a twelve month low of $37.61 and a twelve month high of $63.64. The firm has a market capitalization of $500.36 million, a P/E ratio of 175.69 and a beta of 1.57. The company has a current ratio of 0.98, a quick ratio of 0.89 and a debt-to-equity ratio of 0.83. The stock’s fifty day simple moving average is $54.35 and its 200 day simple moving average is $48.45.

Institutional Investors Weigh In On RCI Hospitality

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RICK. Cubist Systematic Strategies LLC acquired a new stake in shares of RCI Hospitality during the second quarter valued at about $175,000. AQR Capital Management LLC grew its stake in RCI Hospitality by 61.0% during the 2nd quarter. AQR Capital Management LLC now owns 6,007 shares of the restaurant operator’s stock valued at $262,000 after purchasing an additional 2,277 shares in the last quarter. Scientech Research LLC acquired a new stake in RCI Hospitality during the 2nd quarter valued at approximately $235,000. Point72 Asset Management L.P. purchased a new stake in RCI Hospitality during the 2nd quarter worth approximately $88,000. Finally, SG Americas Securities LLC raised its position in shares of RCI Hospitality by 58.7% in the 3rd quarter. SG Americas Securities LLC now owns 6,437 shares of the restaurant operator’s stock valued at $287,000 after purchasing an additional 2,382 shares in 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.