Price Don’t Lie: Is Buying RCI Hospitality Holdings, Inc. Here a Winning Strategy?

Price Don't Lie: Is Buying RCI Hospitality Holdings, Inc. Here a Winning Strategy?

The stock of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) is a huge mover today! About 96,517 shares traded hands or 120.35% up from the average. RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has risen 29.11% since March 3, 2016 and is uptrending. It has outperformed by 20.76% the S&P500.
The move comes after 9 months positive chart setup for the $115.15 million company. It was reported on Oct, 6 by Barchart.com. We have $22.57 PT which if reached, will make NASDAQ:RICK worth $102.48M more.

Analysts await RCI Hospitality Holdings, Inc. (NASDAQ:RICK) to report earnings on December, 12. They expect $0.24 EPS, up 50.00% or $0.08 from last year’s $0.16 per share. RICK’s profit will be $2.31M for 12.44 P/E if the $0.24 EPS becomes a reality. After $0.34 actual EPS reported by RCI Hospitality Holdings, Inc. for the previous quarter, Wall Street now forecasts -29.41% negative EPS growth.

According to Zacks Investment Research, “RCI Hospitality Holdings, Inc. owns and/or operates adult nightclubs that offer live adult entertainment, restaurant, and bar services. It operates adult nightclubs under the name Rick’s Cabaret, Club Onyx, XTC Cabaret, Tootsie’s Cabaret, Cabaret North, Jaguars and Cabaret East. The Company also owns and operates adult Internet Websites. RCI Hospitality Holdings, Inc., formerly known as Rick’s Cabaret International, Inc., is based in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.19, from 0.76 in 2016Q1. The ratio is positive, as 6 funds sold all RCI Hospitality Holdings, Inc. shares owned while 13 reduced positions. 5 funds bought stakes while 13 increased positions. They now own 2.94 million shares or 3.65% less from 3.05 million shares in 2016Q1.
Dimensional Fund Advsrs Ltd Partnership, a Texas-based fund reported 858,562 shares. Northern holds 43,305 shares or 0% of its portfolio. Blackrock Fund Advsr accumulated 23,443 shares or 0% of the stock. Deutsche Financial Bank Ag holds 4,055 shares or 0% of its portfolio. Clarivest Asset Mgmt Limited Liability Co has 17,607 shares for 0.01% of their US portfolio. Schafer Cullen owns 42,000 shares or 0.01% of their US portfolio. Tower Capital Limited Liability (Trc) reported 5,012 shares or 0% of all its holdings. Vanguard Gru Inc has 409,188 shares for 0% of their US portfolio. Lsv Asset holds 0.01% of its portfolio in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) for 333,234 shares. Tci Wealth Advsrs Incorporated owns 288 shares or 0% of their US portfolio. Jpmorgan Chase And, a New York-based fund reported 4,000 shares. California Employees Retirement System has 35,100 shares for 0% of their US portfolio. Oxford Asset reported 20,325 shares or 0.01% of all its holdings. Federated Invsts Inc Pa reported 495 shares or 0% of all its holdings. Sei Invs owns 972 shares or 0% of their US portfolio.

Insider Transactions: Since May 13, 2016, the stock had 2 buys, and 0 insider sales for $51,337 net activity. LANGAN ERIC SCOTT had bought 4,626 shares worth $49,883 on Friday, May 13. REESE TRAVIS also bought $1,454 worth of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) on Friday, May 13.

More notable recent RCI Hospitality Holdings, Inc. (NASDAQ:RICK) news were published by: Nasdaq.com which released: “RCI Hospitality Holdings Inc. Q3 Earnings Advance 2%” on February 08, 2016, also Prnewswire.com with their article: “RCI Announces Grand Opening of Hoops Cabaret and Sports Bar” published on September 27, 2016, Nasdaq.com published: “RCI Hospitality Holdings, Inc. (RICK) Ex-Dividend Date Scheduled for September …” on September 06, 2016. More interesting news about RCI Hospitality Holdings, Inc. (NASDAQ:RICK) were released by: Prnewswire.com and their article: “RCI Hospitality Holdings, Inc. Subsidiary Acquires “Down in Texas Saloon” Club …” published on January 14, 2015 as well as Prnewswire.com‘s news article titled: “RCI Hospitality Holdings, Inc. (formerly Rick’s Cabaret International, Inc …” with publication date: August 11, 2014.

RICK Company Profile

RCI Hospitality Holdings, Inc., formerly Rick’s Cabaret International Inc., incorporated on December 9, 1994, is a holding company. The Firm operates through its subsidiaries, including its management company, RCI Management Services, Inc. The Firm operates through two divisions: nightclubs, and Bombshells Restaurants and Bars. The Firm also owns and operates a media division. As of November 30, 2015, through its subsidiaries, the Company operates approximately 40 establishments that offer live adult entertainment, and/or restaurant and bar operations.

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