RCI Hospitality (NASDAQ:RICK) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a buy rating in a research note issued to investors on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a report on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, RCI Hospitality has an average rating of “Sell”.

RCI Hospitality Price Performance

NASDAQ:RICK opened at $29.35 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. The firm’s 50-day moving average price is $27.79 and its 200-day moving average price is $25.58. The company has a market capitalization of $224.23 million, a PE ratio of -71.58 and a beta of 0.78. RCI Hospitality has a 1-year low of $20.76 and a 1-year high of $36.72.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%. The company had revenue of $73.94 million during the quarter.

RCI Hospitality Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. RCI Hospitality’s dividend payout ratio (DPR) is presently -78.05%.

Hedge Funds Weigh In On RCI Hospitality

A number of hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System grew its position in RCI Hospitality by 549.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,541 shares of the restaurant operator’s stock valued at $69,000 after purchasing an additional 2,150 shares during the last quarter. Hsbc Holdings PLC purchased a new position in RCI Hospitality in the second quarter worth about $289,000. Man Group plc purchased a new position in RCI Hospitality in the second quarter worth about $1,085,000. PDT Partners LLC purchased a new position in RCI Hospitality in the second quarter worth about $1,184,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of RCI Hospitality in the second quarter worth approximately $355,000. Institutional investors own 53.82% of the company’s stock.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.