BlackRock Inc. Has $12.03 Million Position in RCI Hospitality Holdings (RICK)

BlackRock Inc. boosted its stake in shares of RCI Hospitality Holdings (NASDAQ:RICK) by 3.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 430,014 shares of the restaurant operator’s stock after purchasing an additional 13,082 shares during the quarter. BlackRock Inc. owned approximately 4.42% of RCI Hospitality worth $12,032,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in RICK. Opus Capital Group LLC acquired a new position in RCI Hospitality during the 4th quarter worth $2,998,000. State Street Corp acquired a new position in RCI Hospitality during the 2nd quarter worth $2,508,000. JPMorgan Chase & Co. boosted its position in RCI Hospitality by 152.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,400 shares of the restaurant operator’s stock worth $2,209,000 after acquiring an additional 52,118 shares during the period. GSA Capital Partners LLP boosted its position in RCI Hospitality by 374.4% during the 3rd quarter. GSA Capital Partners LLP now owns 41,308 shares of the restaurant operator’s stock worth $1,022,000 after acquiring an additional 32,600 shares during the period. Finally, Wells Fargo & Company MN acquired a new position in RCI Hospitality during the 3rd quarter worth $338,000. Institutional investors and hedge funds own 49.71% of the company’s stock.

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RICK opened at $28.22 on Tuesday. RCI Hospitality Holdings has a one year low of $16.32 and a one year high of $33.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.89 and a current ratio of 0.98. The firm has a market capitalization of $280.17, a PE ratio of 19.73 and a beta of 0.39.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings data on Wednesday, March 7th. The restaurant operator reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.09. RCI Hospitality had a return on equity of 12.26% and a net margin of 12.91%. The company had revenue of $41.21 million for the quarter, compared to the consensus estimate of $41.24 million. research analysts forecast that RCI Hospitality Holdings will post 2.01 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 12th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend was Friday, March 9th. RCI Hospitality’s dividend payout ratio is presently 8.39%.

A number of analysts have recently commented on the company. BidaskClub downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. ValuEngine raised RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. TheStreet downgraded RCI Hospitality from a “b” rating to a “c+” rating in a research note on Monday, March 26th. Zacks Investment Research downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, Westpark Capital reissued a “buy” rating and issued a $34.00 price objective on shares of RCI Hospitality in a research note on Thursday, March 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. RCI Hospitality has a consensus rating of “Buy” and an average price target of $34.00.

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About RCI Hospitality

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

Institutional Ownership by Quarter for RCI Hospitality (NASDAQ:RICK)

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