RCI Hospitality Holdings, Inc. (RICK) Stock Rating Reaffirmed by Westpark Capital

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.

COPYRIGHT VIOLATION WARNING: “RCI Hospitality Holdings, Inc. (RICK) Stock Rating Reaffirmed by Westpark Capital” was first posted by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The correct version of this report can be viewed at https://www.themarketsdaily.com/2017/10/13/rci-hospitality-holdings-inc-rick-stock-rating-reaffirmed-by-westpark-capital.html.

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.

Latest News

Leave a Reply