TT Capital Management LLC Makes New $766,000 Investment in RCI Hospitality Holdings, Inc. $RICK

TT Capital Management LLC purchased a new stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,000 shares of the restaurant operator’s stock, valued at approximately $766,000.

Several other institutional investors and hedge funds also recently bought and sold shares of RICK. BNP Paribas Financial Markets raised its holdings in RCI Hospitality by 62.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 324 shares during the period. State of Wyoming purchased a new position in shares of RCI Hospitality in the first quarter valued at $92,000. Deutsche Bank AG raised its stake in shares of RCI Hospitality by 22.6% during the 1st quarter. Deutsche Bank AG now owns 3,816 shares of the restaurant operator’s stock valued at $164,000 after purchasing an additional 703 shares during the period. Brighton Jones LLC purchased a new stake in RCI Hospitality during the 4th quarter worth about $211,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in RCI Hospitality by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator’s stock worth $214,000 after purchasing an additional 234 shares during the period. 53.82% of the stock is owned by institutional investors.

RCI Hospitality Price Performance

NASDAQ:RICK opened at $27.00 on Friday. RCI Hospitality Holdings, Inc. has a 52-week low of $21.88 and a 52-week high of $61.66. The stock has a fifty day moving average of $25.71 and a 200 day moving average of $32.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.83 and a current ratio of 0.92. The firm has a market capitalization of $235.44 million, a price-to-earnings ratio of 14.52 and a beta of 0.97.

RCI Hospitality (NASDAQ:RICK) last announced its earnings results on Wednesday, January 11th. The restaurant operator reported $1.58 earnings per share for the quarter. The business had revenue of $54.94 million for the quarter. RCI Hospitality had a return on equity of 6.19% and a net margin of 5.88%. On average, research analysts expect that RCI Hospitality Holdings, Inc. will post 4.55 EPS for the current fiscal year.

RCI Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, December 15th. RCI Hospitality’s dividend payout ratio (DPR) is currently 15.05%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of RCI Hospitality in a research report on Monday, December 8th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $98.00.

RCI Hospitality 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.