Zacks: RCI Hospitality Holdings, Inc. (RICK) Receives Consensus Rating of “Strong Buy” from Analysts

RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus price target of $27.38 for the company and are anticipating that the company will post $0.34 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RCI Hospitality an industry rank of 110 out of 265 based on the ratings given to its competitors.

Several brokerages have commented on RICK. BidaskClub lowered shares of RCI Hospitality from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Westpark Capital restated a “buy” rating and issued a $30.00 price target on shares of RCI Hospitality in a research note on Wednesday, October 11th.

Shares of RCI Hospitality (RICK) opened at $29.42 on Thursday. RCI Hospitality has a 12 month low of $15.36 and a 12 month high of $33.78. The company has a market cap of $278.34, a P/E ratio of 19.49 and a beta of 0.33. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.79.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 26th. Shareholders of record on Monday, December 11th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $0.12 annualized dividend and a dividend yield of 0.41%. RCI Hospitality’s payout ratio is currently 10.53%.

Several institutional investors have recently bought and sold shares of RICK. Vanguard Group Inc. boosted its holdings in shares of RCI Hospitality by 1.1% in the first quarter. Vanguard Group Inc. now owns 444,667 shares of the restaurant operator’s stock valued at $7,702,000 after acquiring an additional 4,846 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of RCI Hospitality by 16.8% in the first quarter. Geode Capital Management LLC now owns 52,575 shares of the restaurant operator’s stock valued at $910,000 after acquiring an additional 7,574 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of RCI Hospitality by 15.6% in the second quarter. Russell Investments Group Ltd. now owns 35,594 shares of the restaurant operator’s stock valued at $849,000 after acquiring an additional 4,806 shares in the last quarter. Strs Ohio bought a new position in shares of RCI Hospitality in the second quarter valued at approximately $557,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of RCI Hospitality in the second quarter valued at approximately $376,000. Institutional investors and hedge funds own 48.61% of the company’s stock.

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RCI Hospitality Company Profile

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