Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports.

Brokers have set a 12-month consensus price target of $34.00 for the company and are predicting that the company will post $0.59 EPS for the current quarter, according to Zacks. Zacks has also assigned RCI Hospitality an industry rank of 70 out of 255 based on the ratings given to its competitors.

A number of analysts have recently commented on the company. ValuEngine upgraded RCI Hospitality from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Zacks Investment Research upgraded RCI Hospitality from a “sell” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, March 13th.

Several institutional investors and hedge funds have recently modified their holdings of RICK. Algert Global LLC acquired a new position in RCI Hospitality during the 3rd quarter worth about $204,000. MetLife Investment Advisors LLC increased its holdings in shares of RCI Hospitality by 54.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 7,368 shares of the restaurant operator’s stock valued at $218,000 after acquiring an additional 2,612 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of RCI Hospitality by 50.6% in the 4th quarter. Bank of America Corp DE now owns 7,705 shares of the restaurant operator’s stock valued at $172,000 after acquiring an additional 2,588 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of RCI Hospitality in the 4th quarter valued at about $204,000. Finally, Alambic Investment Management L.P. purchased a new position in shares of RCI Hospitality in the 4th quarter valued at about $237,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Shares of RCI Hospitality stock traded down $0.36 on Wednesday, reaching $23.38. The company’s stock had a trading volume of 18,174 shares, compared to its average volume of 48,537. The stock has a market capitalization of $231.89 million, a PE ratio of 10.72 and a beta of 0.88. RCI Hospitality has a 52-week low of $18.50 and a 52-week high of $34.84. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.77.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings data on Monday, February 11th. The restaurant operator reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.14. The business had revenue of $44.02 million during the quarter. RCI Hospitality had a return on equity of 14.03% and a net margin of 8.15%. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities research analysts anticipate that RCI Hospitality will post 2.4 EPS for the current fiscal year.

RCI Hospitality announced that its Board of Directors has approved a stock buyback program on Thursday, January 3rd that permits the company to buyback $10.00 million in shares. This buyback authorization permits the restaurant operator to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, March 8th. RCI Hospitality’s payout ratio is 5.50%.

RCI Hospitality Company Profile

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 owns 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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