RCI Hospitality (NASDAQ:RICK) PT Lowered to $98.00 at HC Wainwright

RCI Hospitality (NASDAQ:RICKFree Report) had its target price decreased by HC Wainwright from $115.00 to $98.00 in a report published on Monday morning, Benzinga reports. HC Wainwright currently has a buy rating on the restaurant operator’s stock.

Several other equities analysts have also recently issued reports on RICK. StockNews.com raised RCI Hospitality from a hold rating to a buy rating in a research report on Friday. TheStreet cut RCI Hospitality from a b- rating to a c+ rating in a research report on Tuesday, March 5th.

View Our Latest Report on RCI Hospitality

RCI Hospitality Stock Performance

Shares of RICK stock opened at $48.15 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.66 and a current ratio of 0.75. The company has a market capitalization of $449.24 million, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69. RCI Hospitality has a one year low of $46.32 and a one year high of $79.46. The company’s 50-day moving average is $53.22 and its 200 day moving average is $57.69.

RCI Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.06 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%. RCI Hospitality’s dividend payout ratio is presently 11.76%.

Insider Transactions at RCI Hospitality

In other news, CEO Eric Scott Langan bought 1,000 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average price of $54.54 per share, with a total value of $54,540.00. Following the completion of the acquisition, the chief executive officer now owns 703,000 shares in the company, valued at $38,341,620. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its stake in shares of RCI Hospitality by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 52,782 shares of the restaurant operator’s stock valued at $3,202,000 after acquiring an additional 1,531 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of RCI Hospitality in the third quarter worth approximately $98,000. Jump Financial LLC increased its stake in shares of RCI Hospitality by 29.6% in the third quarter. Jump Financial LLC now owns 5,700 shares of the restaurant operator’s stock worth $346,000 after purchasing an additional 1,303 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of RCI Hospitality during the 3rd quarter valued at $79,000. Finally, Swiss National Bank boosted its holdings in RCI Hospitality by 3.3% in the 3rd quarter. Swiss National Bank now owns 18,700 shares of the restaurant operator’s stock worth $1,134,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 53.82% of the company’s stock.

About RCI Hospitality

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RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own 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, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.

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