Shares of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a twelve-month consensus price target of $29.38 for the company and are forecasting that the company will post $0.43 EPS for the current quarter, according to Zacks. Zacks has also given RCI Hospitality an industry rank of 165 out of 265 based on the ratings given to related companies.
Several analysts recently issued reports on RICK shares. BidaskClub lowered shares of RCI Hospitality from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. ValuEngine lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Westpark Capital restated a “buy” rating and set a $30.00 target price on shares of RCI Hospitality in a research report on Wednesday, October 11th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Nationwide Fund Advisors boosted its position in shares of RCI Hospitality by 269.6% in the second quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 4,995 shares during the period. Rhumbline Advisers bought a new position in shares of RCI Hospitality in the third quarter worth approximately $207,000. Bessemer Group Inc. boosted its position in shares of RCI Hospitality by 74.0% in the third quarter. Bessemer Group Inc. now owns 8,700 shares of the restaurant operator’s stock worth $215,000 after purchasing an additional 3,700 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of RCI Hospitality by 1,244.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock worth $210,000 after purchasing an additional 8,117 shares during the period. Finally, Hancock Holding Co. bought a new position in shares of RCI Hospitality in the second quarter worth approximately $209,000. Institutional investors and hedge funds own 48.60% of the company’s stock.
RCI Hospitality Company Profile
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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