RCI Hospitality (RICK) Downgraded to “Sell” at BidaskClub

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BidaskClub downgraded shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a sell rating in a research note issued to investors on Friday.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of RCI Hospitality from a buy rating to a hold rating in a research report on Friday, August 17th. TheStreet raised shares of RCI Hospitality from a c+ rating to a b rating in a research report on Wednesday, May 16th. Westpark Capital reaffirmed a buy rating and issued a $34.00 price objective on shares of RCI Hospitality in a research report on Monday, August 13th. Finally, ValuEngine downgraded shares of RCI Hospitality from a buy rating to a hold rating in a research report on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $36.00.

Shares of RICK traded down $0.25 on Friday, reaching $30.83. The company’s stock had a trading volume of 23,394 shares, compared to its average volume of 23,604. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 1.14. RCI Hospitality has a twelve month low of $23.31 and a twelve month high of $34.84. The firm has a market capitalization of $302.33 million, a PE ratio of 21.56 and a beta of 0.70.

RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Thursday, August 9th. The restaurant operator reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. RCI Hospitality had a net margin of 13.48% and a return on equity of 13.85%. The company had revenue of $42.63 million for the quarter, compared to analyst estimates of $40.97 million. analysts expect that RCI Hospitality will post 2.23 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 25th. Stockholders of record on Monday, September 10th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend is Friday, September 7th. RCI Hospitality’s dividend payout ratio is currently 8.39%.

Several institutional investors have recently added to or reduced their stakes in RICK. ClariVest Asset Management LLC grew its position in shares of RCI Hospitality by 10.7% during the 1st quarter. ClariVest Asset Management LLC now owns 19,478 shares of the restaurant operator’s stock valued at $553,000 after acquiring an additional 1,877 shares during the period. Citigroup Inc. grew its position in shares of RCI Hospitality by 686.0% during the 1st quarter. Citigroup Inc. now owns 10,241 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 8,938 shares during the period. A.R.T. Advisors LLC bought a new position in shares of RCI Hospitality during the 1st quarter valued at approximately $289,000. Millennium Management LLC grew its position in shares of RCI Hospitality by 114.5% during the 1st quarter. Millennium Management LLC now owns 120,826 shares of the restaurant operator’s stock valued at $3,430,000 after acquiring an additional 64,492 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of RCI Hospitality by 31.3% during the 2nd quarter. Bessemer Group Inc. now owns 13,000 shares of the restaurant operator’s stock valued at $411,000 after acquiring an additional 3,100 shares during the period. 49.92% of the stock is owned by hedge funds and other institutional investors.

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 two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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