Key Points
- Director Yura Barabash purchased 888 RCI Hospitality shares at an average price of $27.29, increasing their holdings by 77.28% to 2,037 shares.
- RCI Hospitality reported quarterly EPS of $0.90 on revenue of $73.94 million and maintains a quarterly dividend of $0.08 per share, though it posted a negative net margin and return on equity.
- Analyst sentiment remains cautious, with Weiss Ratings reiterating a “sell” rating and MarketBeat reporting an average “Sell” consensus; institutional investors own 53.82% of the stock.
RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Get Free Report) Director Yura Barabash acquired 888 shares of RCI Hospitality stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average cost of $27.29 per share, with a total value of $24,233.52. Following the purchase, the director owned 2,037 shares of the company's stock, valued at $55,589.73. This represents a 77.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
RCI Hospitality Stock Performance
RCI Hospitality stock opened at $30.07 on Friday. RCI Hospitality Holdings, Inc. has a 1-year low of $20.76 and a 1-year high of $38.25. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $229.73 million, a PE ratio of -73.34 and a beta of 0.76. The firm's 50 day simple moving average is $26.73 and its 200 day simple moving average is $24.87.
RCI Hospitality (NASDAQ:RICK - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 EPS for the quarter. The firm had revenue of $73.94 million during the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%.
RCI Hospitality Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. RCI Hospitality's dividend payout ratio (DPR) is -78.05%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, RCI Hospitality has an average rating of "Sell".
Get Our Latest Research Report on RICK
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of RICK. BlackRock Inc. purchased a new stake in RCI Hospitality in the second quarter valued at approximately $16,785,000. Steel Partners Holdings L.P. purchased a new position in RCI Hospitality in the 4th quarter worth approximately $7,459,000. Bank of New York Mellon Corp bought a new position in shares of RCI Hospitality in the 2nd quarter worth $2,239,000. Two Sigma Investments LP increased its holdings in shares of RCI Hospitality by 1,375.2% in the 3rd quarter. Two Sigma Investments LP now owns 79,320 shares of the restaurant operator's stock worth $2,420,000 after buying an additional 73,943 shares during the last quarter. Finally, JB Capital Partners LP purchased a new stake in shares of RCI Hospitality during the 2nd quarter valued at $1,639,200,000. 53.82% of the stock is currently owned by institutional investors.
RCI Hospitality Company Profile
(
Get Free Report)
RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company's U.S. Nightclub segment includes venues branded as Rick's Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.
In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.
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