Key Points
- Insider purchase: Director Elaine Martin bought 601 RCI Hospitality shares at $28.95 each for approximately $17,399, increasing her stake by 5.11% to 12,352 shares.
- Financial and market snapshot: RCI reported quarterly EPS of $0.90 and revenue of $73.94 million, while shares recently traded near $27.95. The company posted negative net margin and return on equity.
- Dividend and sentiment: The company declared a quarterly dividend of $0.08 per share, but analysts’ consensus rating remains “Sell,” despite one recent upgrade to “Buy.” Institutional investors own 53.82% of the stock.
RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Get Free Report) Director Elaine Martin bought 601 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of $28.95 per share, with a total value of $17,398.95. Following the completion of the acquisition, the director owned 12,352 shares in the company, valued at $357,590.40. This represents a 5.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
RCI Hospitality Trading Down 2.1%
Shares of RICK opened at $27.95 on Thursday. RCI Hospitality Holdings, Inc. has a 12-month low of $20.76 and a 12-month high of $32.02. The firm has a market capitalization of $213.54 million, a P/E ratio of -68.17 and a beta of 0.78. The firm has a 50-day moving average price of $28.06 and a 200 day moving average price of $25.92. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89.
RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its earnings results on Thursday, August 6th. The restaurant operator reported $0.90 EPS for the quarter. The company had revenue of $73.94 million for 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 15th. RCI Hospitality's payout ratio is presently -78.05%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Wall Street Zen upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Sunday, September 6th. Weiss Ratings restated a "sell (d)" rating on shares of RCI Hospitality in a research report on Monday, August 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".
Check Out Our Latest Stock Analysis on RICK
Institutional Trading of RCI Hospitality
Several institutional investors have recently added to or reduced their stakes in RICK. Squarepoint Ops LLC acquired a new position in RCI Hospitality during the second quarter worth $224,000. Hsbc Holdings PLC purchased a new stake in shares of RCI Hospitality in the 2nd quarter valued at $289,000. Man Group plc purchased a new stake in shares of RCI Hospitality in the 2nd quarter valued at $1,085,000. PDT Partners LLC acquired a new position in RCI Hospitality during the 2nd quarter worth about $1,184,000. Finally, Canada Pension Plan Investment Board acquired a new position in RCI Hospitality in the 2nd quarter valued at about $355,000. Institutional investors and hedge funds own 53.82% of the company's stock.
RCI Hospitality Company Profile
(
Get Free Report)
RCI Hospitality Holdings, Inc is a Houston-based hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. Its businesses serve customers through a portfolio of company-owned and franchised venues, with operations focused primarily on adult entertainment and casual dining.
The company's adult entertainment venues operate under brands that include Rick's Cabaret, Club Onyx, Tootsie's Cabaret and Scarlett's Cabaret. RCI also operates Bombshells Restaurant & Bar, a military-themed sports bar and restaurant concept offering food, beverages and televised sporting events.
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