RCI Hospitality (NASDAQ:RICK) Lowered to Hold at StockNews.com

StockNews.com cut shares of RCI Hospitality (NASDAQ:RICK) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other analysts have also recently issued reports on the company. TheStreet cut RCI Hospitality from a b- rating to a c+ rating in a research report on Tuesday, March 5th. HC Wainwright reaffirmed a buy rating and issued a $115.00 target price on shares of RCI Hospitality in a research report on Monday, February 12th.

RCI Hospitality Stock Performance

RICK opened at $51.64 on Tuesday. The business’s 50-day simple moving average is $55.20 and its 200 day simple moving average is $58.11. RCI Hospitality has a 52-week low of $49.37 and a 52-week high of $79.46. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 0.84. The firm has a market capitalization of $483.35 million, a PE ratio of 18.51, a PEG ratio of 1.09 and a beta of 1.65.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the business posted $1.11 earnings per share. RCI Hospitality’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts expect that RCI Hospitality will post 3.84 earnings per share for the current fiscal year.

RCI Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.46%. The ex-dividend date was Thursday, March 14th. RCI Hospitality’s dividend payout ratio (DPR) is 8.60%.

Insiders Place Their Bets

In related news, CEO Eric Scott Langan purchased 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average cost of $54.54 per share, for a total transaction of $54,540.00. Following the completion of the purchase, the chief executive officer now owns 703,000 shares in the company, valued at approximately $38,341,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.34% of the company’s stock.

Institutional Investors Weigh In On RCI Hospitality

Several institutional investors and hedge funds have recently bought and sold shares of the company. Annex Advisory Services LLC boosted its position in shares of RCI Hospitality by 6.5% during the 1st quarter. Annex Advisory Services LLC now owns 6,947 shares of the restaurant operator’s stock worth $403,000 after acquiring an additional 427 shares in the last quarter. Vanguard Group Inc. increased 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 purchasing an additional 17,453 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in RCI Hospitality by 16.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 26,588 shares of the restaurant operator’s stock valued at $1,762,000 after purchasing an additional 3,784 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in RCI Hospitality by 12.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,833 shares of the restaurant operator’s stock valued at $387,000 after buying an additional 649 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of RCI Hospitality by 339.4% during the fourth quarter. Barclays PLC now owns 13,701 shares of the restaurant operator’s stock worth $908,000 after buying an additional 10,583 shares during the last quarter. Institutional investors own 53.82% of the company’s stock.

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.