RCI Hospitality (NASDAQ:RICK) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
Several other analysts also recently commented on the stock. Zacks Investment Research upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Wednesday, January 24th. ValuEngine downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Westpark Capital set a $34.00 price target on shares of RCI Hospitality and gave the company a “buy” rating in a research report on Tuesday, January 16th.
Shares of RCI Hospitality (RICK) opened at $28.20 on Tuesday. RCI Hospitality has a 12-month low of $16.02 and a 12-month high of $33.78. The company has a market cap of $275.99, a price-to-earnings ratio of 32.79 and a beta of 0.33. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.84 and a quick ratio of 0.77.
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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