RCI Hospitality (NASDAQ:RICK) Upgraded to Sell by ValuEngine

RCI Hospitality (NASDAQ:RICK) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Monday, April 1st, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of RCI Hospitality from a “sell” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.50.

Shares of RCI Hospitality stock traded up $0.28 during trading on Monday, hitting $23.03. 16,939 shares of the company’s stock were exchanged, compared to its average volume of 46,612. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.77. RCI Hospitality has a 52-week low of $18.50 and a 52-week high of $34.84. The stock has a market cap of $223.18 million, a PE ratio of 10.56 and a beta of 0.88.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results on Monday, February 11th. The restaurant operator reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.14. The firm had revenue of $44.02 million during the quarter. RCI Hospitality had a net margin of 8.15% and a return on equity of 14.03%. During the same period last year, the business earned $0.53 EPS. As a group, equities analysts expect that RCI Hospitality will post 2.4 EPS for the current year.

RCI Hospitality declared that its board has authorized a stock buyback program on Thursday, January 3rd that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Several large investors have recently bought and sold shares of RICK. Deutsche Bank AG raised its stake in RCI Hospitality by 170.4% during the fourth quarter. Deutsche Bank AG now owns 63,104 shares of the restaurant operator’s stock worth $1,408,000 after purchasing an additional 39,771 shares during the period. Geode Capital Management LLC raised its stake in RCI Hospitality by 11.6% during the fourth quarter. Geode Capital Management LLC now owns 103,316 shares of the restaurant operator’s stock worth $2,306,000 after purchasing an additional 10,706 shares during the period. Public Employees Retirement System of Ohio raised its stake in RCI Hospitality by 2,005.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 58,950 shares of the restaurant operator’s stock worth $1,316,000 after purchasing an additional 56,150 shares during the period. Globeflex Capital L P purchased a new position in RCI Hospitality during the fourth quarter worth about $204,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in RCI Hospitality during the fourth quarter worth about $283,000. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

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 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, 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.

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