Westpark Capital Analysts Give RCI Hospitality (RICK) a $34.00 Price Target

Westpark Capital set a $34.00 price target on RCI Hospitality (NASDAQ:RICK) in a report released on Tuesday morning. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other equities research analysts have also weighed in on the stock. BidaskClub lowered shares of RCI Hospitality from a buy rating to a hold rating in a report on Tuesday, January 9th. Zacks Investment Research lowered shares of RCI Hospitality from a buy rating to a hold rating in a report on Tuesday, December 5th. Finally, ValuEngine lowered shares of RCI Hospitality from a buy rating to a hold rating in a report on Friday, December 1st.

RCI Hospitality (NASDAQ:RICK) traded up $0.09 during mid-day trading on Tuesday, hitting $30.38. 24,707 shares of the stock were exchanged, compared to its average volume of 75,478. The company has a market cap of $294.38, a PE ratio of 26.65 and a beta of 0.34. The company has a quick ratio of 0.88, a current ratio of 0.96 and a debt-to-equity ratio of 0.79. RCI Hospitality has a one year low of $16.02 and a one year high of $33.78.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 11th were issued a $0.03 dividend. The ex-dividend date was Friday, December 8th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.39%. RCI Hospitality’s dividend payout ratio is presently 10.53%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Nordea Investment Management AB raised its holdings in shares of RCI Hospitality by 11.8% in the 2nd quarter. Nordea Investment Management AB now owns 9,500 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 1,000 shares during the last quarter. Sei Investments Co. raised its holdings in shares of RCI Hospitality by 38.4% in the 3rd quarter. Sei Investments Co. now owns 11,284 shares of the restaurant operator’s stock worth $279,000 after acquiring an additional 3,131 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of RCI Hospitality by 74.0% in the 3rd quarter. Bessemer Group Inc. now owns 8,700 shares of the restaurant operator’s stock worth $215,000 after acquiring an additional 3,700 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of RCI Hospitality by 269.6% in the 2nd quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after acquiring an additional 4,995 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its holdings in shares of RCI Hospitality by 26.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 33,401 shares of the restaurant operator’s stock worth $827,000 after acquiring an additional 6,983 shares during the last quarter. Institutional investors own 48.61% of the company’s stock.

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About RCI Hospitality

With more than 40 units, RCI Hospitality Holdings, Inc, through its subsidiaries, is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, and other cities operate under brand names, such as “Rick’s Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells Restaurant & Bar.” Investors are attracted by RCI’s strong cash flow, operating margins and local laws that create high barriers to entry in the gentlemen’s club business.

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