RCI Hospitality (NASDAQ:RICK – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.
Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
View Our Latest Stock Report on RICK
RCI Hospitality Price Performance
RCI Hospitality (NASDAQ:RICK – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter. The company had revenue of $73.94 million during the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%.
Hedge Funds Weigh In On RCI Hospitality
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in RCI Hospitality during the 2nd quarter valued at about $16,785,000. Vanguard Group Inc. raised its holdings in RCI Hospitality by 2.9% in the third quarter. Vanguard Group Inc. now owns 516,933 shares of the restaurant operator’s stock worth $15,772,000 after buying an additional 14,603 shares during the last quarter. Steel Partners Holdings L.P. purchased a new position in RCI Hospitality in the fourth quarter worth about $7,459,000. State Street Corp raised its holdings in RCI Hospitality by 0.4% in the fourth quarter. State Street Corp now owns 185,138 shares of the restaurant operator’s stock worth $4,414,000 after buying an additional 698 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of RCI Hospitality by 4.2% in the third quarter. Arrowstreet Capital Limited Partnership now owns 178,588 shares of the restaurant operator’s stock worth $5,449,000 after buying an additional 7,140 shares in the last quarter. Institutional investors 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.
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