Scott & Selber Inc. Has $438,000 Stock Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Scott & Selber Inc. increased its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 25.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,000 shares of the restaurant operator’s stock after buying an additional 5,000 shares during the quarter. Scott & Selber Inc.’s holdings in RCI Hospitality were worth $438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RICK. BlackRock Inc. raised its holdings in shares of RCI Hospitality by 0.3% during the 4th quarter. BlackRock Inc. now owns 473,394 shares of the restaurant operator’s stock worth $10,572,000 after buying an additional 1,417 shares in the last quarter. Bank of New York Mellon Corp grew its position in RCI Hospitality by 14.8% during the 4th quarter. Bank of New York Mellon Corp now owns 72,458 shares of the restaurant operator’s stock worth $1,618,000 after acquiring an additional 9,336 shares during the last quarter. Geode Capital Management LLC grew its position in RCI Hospitality by 11.6% during the 4th quarter. Geode Capital Management LLC now owns 103,316 shares of the restaurant operator’s stock worth $2,306,000 after acquiring an additional 10,706 shares during the last quarter. Bank of America Corp DE grew its position in RCI Hospitality by 50.6% during the 4th quarter. Bank of America Corp DE now owns 7,705 shares of the restaurant operator’s stock worth $172,000 after acquiring an additional 2,588 shares during the last quarter. Finally, Deutsche Bank AG grew its position in RCI Hospitality by 170.4% during the 4th quarter. Deutsche Bank AG now owns 63,104 shares of the restaurant operator’s stock worth $1,408,000 after acquiring an additional 39,771 shares during the last quarter. 47.88% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on RICK. TheStreet lowered RCI Hospitality from a “b-” rating to a “c+” rating in a research report on Monday, August 5th. Zacks Investment Research upgraded RCI Hospitality from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, ValuEngine lowered RCI Hospitality from a “sell” rating to a “strong sell” rating in a research report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. RCI Hospitality has a consensus rating of “Hold” and a consensus target price of $29.50.

Shares of NASDAQ RICK traded up $0.18 during trading on Tuesday, reaching $16.16. The company had a trading volume of 917 shares, compared to its average volume of 86,928. The company has a fifty day simple moving average of $16.63. RCI Hospitality Holdings Inc has a 12 month low of $12.50 and a 12 month high of $34.12. The company has a market cap of $154.46 million, a PE ratio of 7.47 and a beta of 1.14. The company has a current ratio of 0.86, a quick ratio of 0.77 and a debt-to-equity ratio of 0.87.

RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings results on Thursday, July 25th. The restaurant operator reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. RCI Hospitality had a return on equity of 13.81% and a net margin of 9.18%. The firm had revenue of $44.83 million for the quarter. As a group, sell-side analysts forecast that RCI Hospitality Holdings Inc will post 2.3 EPS for the current year.

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.

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Institutional Ownership by Quarter for RCI Hospitality (NASDAQ:RICK)

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