Schwab Charles Investment Management Inc. grew its holdings in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 15.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 18,500 shares of the restaurant operator’s stock after buying an additional 2,500 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.19% of RCI Hospitality worth $586,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio lifted its stake in shares of RCI Hospitality by 7.5% in the 2nd quarter. Strs Ohio now owns 24,300 shares of the restaurant operator’s stock valued at $769,000 after purchasing an additional 1,700 shares during the period. Bessemer Group Inc. lifted its stake in shares of 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 purchasing an additional 3,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of RCI Hospitality by 35.4% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 19,500 shares of the restaurant operator’s stock valued at $617,000 after purchasing an additional 5,100 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of RCI Hospitality by 18.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 53,829 shares of the restaurant operator’s stock valued at $1,703,000 after purchasing an additional 8,264 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of 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 purchasing an additional 8,938 shares during the period. Institutional investors and hedge funds own 49.31% of the company’s stock.
A number of research firms recently weighed in on RICK. BidaskClub lowered RCI Hospitality from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Zacks Investment Research lowered RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Finally, Westpark Capital reaffirmed a “buy” rating and set a $34.00 price objective on shares of RCI Hospitality in a research report on Monday, August 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.00.
RICK stock opened at $27.35 on Friday. RCI Hospitality Holdings Inc has a twelve month low of $26.22 and a twelve month 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. The company has a market cap of $270.45 million, a P/E ratio of 19.82 and a beta of 0.71.
RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings data on Thursday, August 9th. The restaurant operator reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. RCI Hospitality had a return on equity of 13.85% and a net margin of 13.48%. The company had revenue of $42.63 million during the quarter, compared to analyst estimates of $40.97 million. Equities research analysts forecast that RCI Hospitality Holdings Inc 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. Investors of record on Monday, September 10th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Friday, September 7th. RCI Hospitality’s dividend payout ratio (DPR) is presently 8.39%.
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 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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