Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price objective of $34.00 for the company and are expecting that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given RCI Hospitality an industry rank of 190 out of 255 based on the ratings given to related companies.
Several analysts recently issued reports on the company. BidaskClub downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Zacks Investment Research downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. ValuEngine downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Finally, Westpark Capital set a $34.00 price target on RCI Hospitality and gave the company a “buy” rating in a research note on Wednesday.
RICK traded down $0.07 during trading on Friday, hitting $27.35. The stock had a trading volume of 31,669 shares, compared to its average volume of 41,395. The company has a market capitalization of $270.45 million, a PE ratio of 19.82 and a beta of 0.71. RCI Hospitality has a one year low of $26.22 and a one year high of $34.84. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.24 and a quick ratio of 1.14.
RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings results on Thursday, August 9th. The restaurant operator reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The business had revenue of $42.63 million during the quarter, compared to the consensus estimate of $40.97 million. RCI Hospitality had a return on equity of 13.85% and a net margin of 13.48%. Equities analysts anticipate that RCI Hospitality will post 2.23 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 25th. Shareholders of record on Monday, September 10th were issued a $0.03 dividend. The ex-dividend date was Friday, September 7th. This represents a $0.12 annualized dividend and a yield of 0.44%. RCI Hospitality’s dividend payout ratio is presently 8.39%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. raised its holdings in RCI Hospitality by 46.5% in the 2nd quarter. Macquarie Group Ltd. now owns 8,409 shares of the restaurant operator’s stock valued at $266,000 after acquiring an additional 2,671 shares in the last quarter. A.R.T. Advisors LLC acquired a new position in RCI Hospitality in the 1st quarter valued at $289,000. Citigroup Inc. raised its holdings in RCI Hospitality by 686.0% in the 1st quarter. Citigroup Inc. now owns 10,241 shares of the restaurant operator’s stock valued at $290,000 after acquiring an additional 8,938 shares in the last quarter. Bessemer Group Inc. raised its holdings in RCI Hospitality by 31.3% in the 2nd quarter. Bessemer Group Inc. now owns 13,000 shares of the restaurant operator’s stock valued at $411,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in RCI Hospitality by 15.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 18,500 shares of the restaurant operator’s stock valued at $586,000 after acquiring an additional 2,500 shares in the last quarter. 49.31% of the stock is owned by hedge funds and other institutional investors.
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.
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