Price Action Don’t Lie: What’s Propelling RCI Hospitality Holdings, Inc. to Reach 52-Week High?

Price Action Don't Lie: What's Propelling RCI Hospitality Holdings, Inc. to Reach 52 Week High?

The stock of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) hit a new 52-week high and has $19.08 target or 61.00% above today’s $11.85 share price. The 9 months bullish chart indicates low risk for the $117.90 million company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $19.08 price target is reached, the company will be worth $71.92M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 11,746 shares traded hands. RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has risen 30.18% since March 10, 2016 and is uptrending. It has outperformed by 22.66% the S&P500.

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 $2.39M for 12.34 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 2016 Q2. 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.
Baker Ellis Asset Management Limited Com has 11,200 shares for 0.04% of their US portfolio. The Pennsylvania-based Brandywine Invest Mngmt Limited Liability has invested 0% in RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Moreover, Natl Bank Of America De has 0% invested in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) for 138,141 shares. Janney Montgomery Scott last reported 0.01% of its portfolio in the stock. The United Kingdom-based Gsa Llp has invested 0.01% in RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Citadel Advsr holds 10,995 shares or 0% of its portfolio. Renaissance Technologies Limited holds 0% of its portfolio in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) for 193,300 shares. Tower Research Capital Ltd Liability Corporation (Trc) owns 5,012 shares or 0% of their US portfolio. Moreover, Pnc Financial Services Group Incorporated has 0% invested in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) for 500 shares. Royal National Bank Of Canada owns 150 shares or 0% of their US portfolio. Blackrock Institutional Na, a California-based fund reported 26,150 shares. Deutsche Natl Bank Ag, a Germany-based fund reported 4,055 shares. Thompson Siegel And Walmsley Ltd Llc owns 1,500 shares or 0% of their US portfolio. Scott And Selber has 0.14% invested in the company for 20,000 shares. The Pennsylvania-based Sei Invs Co has invested 0% in RCI Hospitality Holdings, Inc. (NASDAQ:RICK).

Insider Transactions: Since May 13, 2016, the stock had 2 insider buys, and 0 selling transactions for $51,337 net activity. Shares for $49,883 were bought by LANGAN ERIC SCOTT. 135 RCI Hospitality Holdings, Inc. (NASDAQ:RICK) shares with value of $1,454 were bought by REESE TRAVIS.

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 Nasdaq.com with their article: “RCI Hospitality Holdings, Inc. (RICK) Ex-Dividend Date Scheduled for September …” published on September 06, 2016, Prnewswire.com published: “RCI Hospitality Holdings, Inc. Subsidiary Acquires “Down in Texas Saloon” Club …” on January 14, 2015. More interesting news about RCI Hospitality Holdings, Inc. (NASDAQ:RICK) were released by: Prnewswire.com and their article: “RCI Hospitality Holdings, Inc. (formerly Rick’s Cabaret International, Inc …” published on August 11, 2014 as well as Prnewswire.com‘s news article titled: “RCI Hospitality Holdings, Inc. Subsidiary Buys Control of Robust Energy® Drink …” with publication date: November 03, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment