RCI Hospitality (NASDAQ:RICK) has been given a $34.00 price objective by equities researchers at Westpark Capital in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Westpark Capital’s price objective points to a potential upside of 18.67% from the company’s previous close.
A number of other research firms also recently commented on RICK. Zacks Investment Research raised shares of RCI Hospitality from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, January 24th. BidaskClub raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. ValuEngine raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet cut RCI Hospitality from a “b” rating to a “c+” rating in a research note on Monday, March 26th. Four investment analysts have rated the stock with a buy rating, RCI Hospitality presently has an average rating of “Buy” and a consensus target price of $34.00.
RCI Hospitality stock traded up $0.19 during mid-day trading on Thursday, reaching $28.65. The company’s stock had a trading volume of 4,321 shares, compared to its average volume of 47,602. The company has a market cap of $278.03, a PE ratio of 20.03 and a beta of 0.39. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.89. RCI Hospitality has a twelve month low of $16.32 and a twelve month high of $33.78.
Hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in shares of RCI Hospitality during the fourth quarter valued at about $133,000. Millennium Management LLC raised its stake in shares of RCI Hospitality by 41.6% during the fourth quarter. Millennium Management LLC now owns 56,334 shares of the restaurant operator’s stock valued at $1,576,000 after purchasing an additional 16,548 shares in the last quarter. Deutsche Bank AG raised its stake in shares of RCI Hospitality by 74.2% during the fourth quarter. Deutsche Bank AG now owns 35,776 shares of the restaurant operator’s stock valued at $1,000,000 after purchasing an additional 15,236 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of RCI Hospitality by 2.7% during the fourth quarter. Renaissance Technologies LLC now owns 651,100 shares of the restaurant operator’s stock valued at $18,218,000 after purchasing an additional 17,300 shares in the last quarter. Finally, AXA raised its stake in shares of RCI Hospitality by 9.1% during the fourth quarter. AXA now owns 58,000 shares of the restaurant operator’s stock valued at $1,623,000 after purchasing an additional 4,856 shares in the last quarter. Institutional investors own 50.49% of the company’s stock.
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RCI Hospitality Company Profile
RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.
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