Notable Runner: What Next for RCI Hospitality Holdings, Inc. Stock After Achieving 52-Week High?

Notable Runner: What Next for RCI Hospitality Holdings, Inc. Stock After Achieving 52 Week High?

The stock of RCI Hospitality Holdings, Inc. (NASDAQ:RICK) hit a new 52-week high and has $13.34 target or 9.00% above today’s $12.24 share price. The 7 months bullish chart indicates low risk for the $120.46M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $13.34 price target is reached, the company will be worth $10.84 million 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. The stock decreased 0.08% or $0.01 on November 28, hitting $12.24. About 40,313 shares traded hands. RCI Hospitality Holdings, Inc. (NASDAQ:RICK) has risen 19.51% since April 25, 2016 and is uptrending. It has outperformed by 13.50% the S&P500.

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 decreased to 0.94 in Q2 2016. Its down 0.01, from 0.95 in 2016Q1. The ratio fall, 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.
Vanguard Grp has 0% invested in the company for 409,188 shares. Blackrock Advsrs Ltd accumulated 2,654 shares or 0% of the stock. Lsv Asset Mngmt, a Illinois-based fund reported 333,234 shares. Ladenburg Thalmann last reported 0% of its portfolio in the stock. Walleye Trading Limited Liability Company accumulated 0% or 2,800 shares. Citadel Advsrs Limited Liability, a Illinois-based fund reported 10,995 shares. Numeric Invsts Ltd Co holds 0.01% of its portfolio in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) for 131,367 shares. Geode Management Limited Co accumulated 38,902 shares or 0% of the stock. The New Jersey-based Blackrock Investment Ltd Liability Co has invested 0% in RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Blackrock Institutional Na reported 26,150 shares or 0% of all its holdings. Barclays Pcl has invested 0% of its portfolio in RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Moreover, Janney Montgomery Scott Limited Liability has 0.01% invested in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) for 85,005 shares. Renaissance Technology Ltd Llc has invested 0% of its portfolio in RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Northern Corp has invested 0% of its portfolio in RCI Hospitality Holdings, Inc. (NASDAQ:RICK). Oxford Asset Mngmt holds 0.01% of its portfolio in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) for 20,325 shares.

More notable recent RCI Hospitality Holdings, Inc. (NASDAQ:RICK) news were published by: Prnewswire.com which released: “RCI Hospitality Holdings, Inc. Subsidiary Acquires “Down in Texas Saloon” Club …” on January 14, 2015, also Prnewswire.com with their article: “RCI Hospitality Holdings, Inc. (formerly Rick’s Cabaret International, Inc …” published on August 11, 2014, Prnewswire.com published: “RCI Hospitality Holdings, Inc. Subsidiary Buys Control of Robust Energy® Drink …” on November 03, 2014. More interesting news about RCI Hospitality Holdings, Inc. (NASDAQ:RICK) were released by: Prnewswire.com and their article: “Hoops Cabaret Hosts After-Fight Party in NYC Featuring MMA Superstar Nate Diaz” published on November 10, 2016 as well as Equitiesfocus.com‘s news article titled: “RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Quarterly EPS From Continuing …” with publication date: November 26, 2016.

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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