RCI Hospitality (RICK) Downgraded to “Hold” at ValuEngine

ValuEngine cut shares of RCI Hospitality (NASDAQ:RICK) from a buy rating to a hold rating in a research report sent to investors on Friday.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of RCI Hospitality from a buy rating to a hold rating in a report on Tuesday, August 15th. Westpark Capital set a $30.00 target price on shares of RCI Hospitality and gave the company a buy rating in a report on Thursday, August 10th.

RCI Hospitality (RICK) traded down $1.32 during trading hours on Friday, reaching $31.27. 78,400 shares of the company’s stock were exchanged, compared to its average volume of 69,316. The stock has a market cap of $316.74, a price-to-earnings ratio of 21.73 and a beta of 0.33. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 0.96. RCI Hospitality has a 52 week low of $12.98 and a 52 week high of $33.78.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date is Friday, December 8th. RCI Hospitality’s dividend payout ratio is currently 10.62%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC acquired a new stake in RCI Hospitality during the 2nd quarter worth approximately $566,000. OxFORD Asset Management LLP acquired a new stake in RCI Hospitality during the 2nd quarter worth approximately $370,000. Renaissance Technologies LLC increased its position in RCI Hospitality by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 616,700 shares of the restaurant operator’s stock worth $14,702,000 after purchasing an additional 24,700 shares in the last quarter. Russell Investments Group Ltd. increased its position in RCI Hospitality by 15.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 35,594 shares of the restaurant operator’s stock worth $849,000 after purchasing an additional 4,806 shares in the last quarter. Finally, LSV Asset Management increased its position in RCI Hospitality by 4.8% during the 2nd quarter. LSV Asset Management now owns 339,123 shares of the restaurant operator’s stock worth $8,084,000 after purchasing an additional 15,500 shares in the last quarter. 48.73% of the stock is owned by institutional investors.

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RCI Hospitality Company Profile

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