RCI Hospitality’s (RICK) Buy Rating Reaffirmed at HC Wainwright

RCI Hospitality (NASDAQ:RICK)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They currently have a $98.00 target price on the restaurant operator’s stock. HC Wainwright’s price objective would suggest a potential upside of 80.81% from the company’s current price. HC Wainwright also issued estimates for RCI Hospitality’s Q1 2025 earnings at $0.52 EPS, Q3 2025 earnings at $1.36 EPS, Q4 2025 earnings at $1.39 EPS and FY2025 earnings at $3.98 EPS.

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

RCI Hospitality Trading Down 4.2 %

Shares of RICK opened at $54.20 on Friday. RCI Hospitality has a 52-week low of $37.61 and a 52-week high of $63.76. The business’s fifty day moving average is $53.14 and its 200-day moving average is $47.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.82 and a current ratio of 0.90. The firm has a market cap of $482.38 million, a price-to-earnings ratio of 104.23 and a beta of 1.57.

Institutional Investors Weigh In On RCI Hospitality

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC bought a new stake in RCI Hospitality during the 3rd quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. grew its position in RCI Hospitality by 254.1% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 694 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 498 shares during the last quarter. Copeland Capital Management LLC bought a new stake in RCI Hospitality during the 3rd quarter worth $54,000. Victory Capital Management Inc. bought a new stake in RCI Hospitality during the 2nd quarter worth $76,000. Finally, FMR LLC grew its position in RCI Hospitality by 132.6% during the 3rd quarter. FMR LLC now owns 1,800 shares of the restaurant operator’s stock worth $80,000 after acquiring an additional 1,026 shares during the last quarter. 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.