RCI Hospitality (NASDAQ:RICK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of RCI Hospitality (NASDAQ:RICK) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, RCI Hospitality currently has a consensus rating of “Sell”.

RCI Hospitality Price Performance

Shares of RICK opened at $31.09 on Friday. RCI Hospitality has a 1 year low of $20.76 and a 1 year high of $38.00. 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 company has a market capitalization of $237.53 million, a price-to-earnings ratio of -75.83 and a beta of 0.76. The business has a 50-day moving average of $26.98 and a 200-day moving average of $24.96.

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

RCI Hospitality Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, June 15th. RCI Hospitality’s payout ratio is currently -78.05%.

Institutional Investors Weigh In On RCI Hospitality

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in RCI Hospitality by 62.0% in the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 324 shares during the period. State of Alaska Department of Revenue bought a new position in shares of RCI Hospitality during the 4th quarter worth approximately $54,000. State of Wyoming acquired a new stake in shares of RCI Hospitality during the 4th quarter worth approximately $67,000. Copeland Capital Management LLC grew its position in shares of RCI Hospitality by 122.0% during the 1st quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator’s stock worth $75,000 after buying an additional 1,816 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of RCI Hospitality in the 3rd quarter valued at $115,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

About RCI Hospitality

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.