In a report released today, Ishfaque Faruk from Westpark Capital maintained a Buy rating on RCI Hospitality Holdings (NASDAQ: RICK), with a price target of $34. The company’s shares opened today at $33.02, close to its 52-week high of $34.84.
Faruk wrote:
“We are encouraged by the margin expansion in the company’s Bombshells segment. In addition, Management stated in the earnings call that the company is looking to pursue more M&A for its core adult entertainment business. We remain optimistic on RICK, and stick to our Outperform rating and $34 PT.”
Faruk has an average return of 28.6% when recommending RCI Hospitality Holdings.
According to TipRanks.com, Faruk is ranked #4658 out of 4847 analysts.
Currently, the analyst consensus on RCI Hospitality Holdings is a Moderate Buy with an average price target of $34.
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The company has a one-year high of $34.84 and a one-year low of $21.91. Currently, RCI Hospitality Holdings has an average volume of 42.17K.
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RCI Hospitality Holdings, Inc., through its subsidiaries, engages in the ownership and operation of adult nightclubs, sports bars/restaurants, and media. It operates through the following business segments: Nightclubs, Bombshells, and Other. The Nightclubs segment operates adult nightclubs serving primarily businessmen and professionals.
