RCI Hospitality (RICK) Updates Q2 2019 Earnings Guidance

RCI Hospitality (NASDAQ:RICK) updated its second quarter 2019 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.65-0.70 for the period. The company issued revenue guidance of $44.8 million.

A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered RCI Hospitality from a buy rating to a hold rating in a report on Wednesday, April 17th. ValuEngine lowered RCI Hospitality from a sell rating to a strong sell rating in a report on Friday. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $29.50.

Shares of RICK stock traded down $0.16 during trading hours on Tuesday, reaching $20.32. The company had a trading volume of 497 shares, compared to its average volume of 47,412. RCI Hospitality has a 12 month low of $18.50 and a 12 month high of $34.84. The company has a quick ratio of 0.77, a current ratio of 0.86 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $198.16 million, a PE ratio of 9.34 and a beta of 0.85.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings results on Monday, February 11th. The restaurant operator reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.14. The business had revenue of $44.02 million for the quarter. RCI Hospitality had a return on equity of 14.03% and a net margin of 8.15%. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities research analysts anticipate that RCI Hospitality will post 2.4 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in RCI Hospitality stock. Geode Capital Management LLC increased its holdings in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,316 shares of the restaurant operator’s stock after acquiring an additional 10,706 shares during the quarter. Geode Capital Management LLC owned approximately 1.07% of RCI Hospitality worth $2,306,000 as of its most recent SEC filing. 50.98% of the stock is currently owned by hedge funds and other institutional investors.

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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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