Westpark Capital Sticks to Their Buy Rating for RCI Hospitality Holdings


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 $31.42.

Faruk said:

“We believe over time the company’s locations will grow from 44, and enable the company to keep growing its free cashflow. With the stock in the low 30s we expect management will continue the M&A roll-up, as opposed to significant cash returns to shareholders. Our price target remains at $34.”

Faruk has an average return of 27.3% when recommending RCI Hospitality Holdings.

According to TipRanks.com, Faruk is ranked #4699 out of 4842 analysts.

Currently, the analyst consensus on RCI Hospitality Holdings is a Moderate Buy with an average price target of $34.

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RCI Hospitality Holdings’ market cap is currently $305.5M and has a P/E ratio of 14.83. The company has a Price to Book ratio of 2.02.

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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.

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