RCI Hospitality (NASDAQ:RICK) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday.

Separately, Zacks Investment Research upgraded RCI Hospitality from a “sell” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.50.

Shares of RICK stock opened at $22.03 on Friday. 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 has a 52 week low of $18.50 and a 52 week high of $34.84. The company has a market capitalization of $214.37 million, a price-to-earnings ratio of 10.11 and a beta of 0.89.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results 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. RCI Hospitality had a return on equity of 14.03% and a net margin of 8.15%. The company had revenue of $44.02 million during the quarter. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, analysts predict that RCI Hospitality will post 2.4 earnings per share for the current fiscal year.

RCI Hospitality announced that its board has authorized a share buyback plan on Thursday, January 3rd that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the restaurant operator to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of RCI Hospitality by 11.6% during the fourth quarter. Geode Capital Management LLC now owns 103,316 shares of the restaurant operator’s stock valued at $2,306,000 after buying an additional 10,706 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of RCI Hospitality by 2,005.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 58,950 shares of the restaurant operator’s stock valued at $1,316,000 after buying an additional 56,150 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of RCI Hospitality during the fourth quarter valued at approximately $204,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of RCI Hospitality during the fourth quarter valued at approximately $283,000. Finally, Bank of America Corp DE raised its holdings in shares of RCI Hospitality by 50.6% during the fourth quarter. Bank of America Corp DE now owns 7,705 shares of the restaurant operator’s stock valued at $172,000 after buying an additional 2,588 shares during the last quarter. 50.81% of the stock is currently owned by institutional investors.

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.

Featured Story: Is it better to buy a fund with a higher or lower NAV?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for RCI Hospitality Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RCI Hospitality and related companies with MarketBeat.com's FREE daily email newsletter.