Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a twelve-month consensus price objective of $34.00 for the company and are predicting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RCI Hospitality an industry rank of 105 out of 255 based on the ratings given to related companies.
RICK has been the subject of several recent analyst reports. Westpark Capital set a $34.00 price objective on shares of RCI Hospitality and gave the stock a “buy” rating in a research report on Wednesday, October 17th. Zacks Investment Research cut shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded shares of RCI Hospitality from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 10th. Finally, BidaskClub cut shares of RCI Hospitality from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 1st.
RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings data on Monday, December 31st. The restaurant operator reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.05). RCI Hospitality had a return on equity of 13.75% and a net margin of 13.10%. The firm had revenue of $40.68 million for the quarter, compared to analyst estimates of $40.96 million. Sell-side analysts anticipate that RCI Hospitality will post 2.35 EPS for the current fiscal year.
RCI Hospitality announced that its board has approved a share repurchase program on Thursday, January 3rd that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the restaurant operator to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp grew its holdings in RCI Hospitality by 14.8% in the fourth quarter. Bank of New York Mellon Corp now owns 72,458 shares of the restaurant operator’s stock worth $1,618,000 after purchasing an additional 9,336 shares during the period. BlackRock Inc. grew its holdings in RCI Hospitality by 0.3% in the fourth quarter. BlackRock Inc. now owns 473,394 shares of the restaurant operator’s stock worth $10,572,000 after purchasing an additional 1,417 shares during the period. First Trust Advisors LP grew its holdings in RCI Hospitality by 18.7% in the fourth quarter. First Trust Advisors LP now owns 16,291 shares of the restaurant operator’s stock worth $364,000 after purchasing an additional 2,563 shares during the period. Prudential Financial Inc. grew its holdings in RCI Hospitality by 72.6% in the fourth quarter. Prudential Financial Inc. now owns 35,930 shares of the restaurant operator’s stock worth $803,000 after purchasing an additional 15,110 shares during the period. Finally, Opus Capital Group LLC acquired a new stake in RCI Hospitality in the fourth quarter worth $1,922,000. Institutional investors and hedge funds own 48.26% of the company’s stock.
About RCI Hospitality
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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