Q2 2024 EPS Estimates for RCI Hospitality Holdings Inc (NASDAQ:RICK) Reduced by HC Wainwright

RCI Hospitality Holdings Inc (NASDAQ:RICK) – Research analysts at HC Wainwright dropped their Q2 2024 earnings estimates for RCI Hospitality in a report issued on Thursday, April 11th. HC Wainwright analyst S. Buck now expects that the restaurant operator will post earnings per share of $0.70 for the quarter, down from their prior forecast of $0.93. HC Wainwright has a “Buy” rating and a $115.00 price objective on the stock. The consensus estimate for RCI Hospitality’s current full-year earnings is $3.84 per share. HC Wainwright also issued estimates for RCI Hospitality’s Q3 2024 earnings at $0.99 EPS, Q4 2024 earnings at $1.05 EPS and FY2024 earnings at $3.53 EPS.

RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). RCI Hospitality had a net margin of 8.81% and a return on equity of 10.67%. The firm had revenue of $73.90 million during the quarter, compared to the consensus estimate of $73.30 million. During the same quarter last year, the firm posted $1.11 EPS. The business’s revenue was up 5.6% on a year-over-year basis.

A number of other analysts have also weighed in on the stock. TheStreet lowered shares of RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th. StockNews.com lowered shares of RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday.

RCI Hospitality Stock Performance

NASDAQ:RICK opened at $50.92 on Monday. RCI Hospitality has a 1 year low of $49.37 and a 1 year high of $79.46. The firm has a 50 day moving average of $55.72 and a 200-day moving average of $58.28. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $476.61 million, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.10 and a beta of 1.65.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Thursday, March 14th. RCI Hospitality’s dividend payout ratio (DPR) is 8.60%.

Insider Activity

In other news, CEO Eric Scott Langan purchased 1,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $54.54 per share, with a total value of $54,540.00. Following the acquisition, the chief executive officer now directly owns 703,000 shares of the company’s stock, valued at $38,341,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On RCI Hospitality

Several institutional investors have recently added to or reduced their stakes in the stock. Annex Advisory Services LLC lifted its position in RCI Hospitality by 6.5% in the 1st quarter. Annex Advisory Services LLC now owns 6,947 shares of the restaurant operator’s stock valued at $403,000 after acquiring an additional 427 shares in the last quarter. Vanguard Group Inc. lifted its position in RCI Hospitality by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 492,823 shares of the restaurant operator’s stock worth $32,654,000 after buying an additional 17,453 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in RCI Hospitality by 16.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 26,588 shares of the restaurant operator’s stock worth $1,762,000 after buying an additional 3,784 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in RCI Hospitality by 12.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,833 shares of the restaurant operator’s stock worth $387,000 after buying an additional 649 shares in the last quarter. Finally, Barclays PLC lifted its position in RCI Hospitality by 339.4% during the 4th quarter. Barclays PLC now owns 13,701 shares of the restaurant operator’s stock worth $908,000 after buying an additional 10,583 shares in the last quarter. 53.82% of the stock is owned by institutional investors.

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’s wholly-owned subsidiaries own 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.