RCI Hospitality Holdings, Inc. (NASDAQ:RICK)‘s stock had its “buy” rating restated by equities research analysts at Westpark Capital in a note issued to investors on Wednesday. They currently have a $30.00 price target on the restaurant operator’s stock. Westpark Capital’s target price would suggest a potential upside of 11.69% from the stock’s previous close.
Separately, Zacks Investment Research lowered shares of RCI Hospitality Holdings from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th.
RCI Hospitality Holdings (NASDAQ:RICK) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.04. RCI Hospitality Holdings had a net margin of 7.84% and a return on equity of 10.75%. The business had revenue of $37.43 million during the quarter, compared to analyst estimates of $37.64 million. During the same period in the prior year, the business earned $0.34 EPS.
Institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in shares of RCI Hospitality Holdings in the 2nd quarter worth about $119,000. Nationwide Fund Advisors increased its stake in shares of RCI Hospitality Holdings by 269.6% in the 2nd quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after acquiring an additional 4,995 shares in the last quarter. Sei Investments Co. grew its position in RCI Hospitality Holdings by 83.3% during the 2nd quarter. Sei Investments Co. now owns 8,153 shares of the restaurant operator’s stock valued at $194,000 after purchasing an additional 3,706 shares during the last quarter. Nordea Investment Management AB purchased a new stake in RCI Hospitality Holdings during the 1st quarter valued at about $147,000. Finally, The Manufacturers Life Insurance Company grew its position in RCI Hospitality Holdings by 1,244.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,769 shares of the restaurant operator’s stock valued at $210,000 after purchasing an additional 8,117 shares during the last quarter. Institutional investors own 48.47% of the company’s stock.
About RCI Hospitality Holdings
Receive News & Ratings for RCI Hospitality Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.