RCI Hospitality Holdings Inc (NASDAQ:RICK) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $34.00 for the company and are predicting that the company will post $0.59 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RCI Hospitality an industry rank of 86 out of 255 based on the ratings given to its competitors.
A number of research firms have recently commented on RICK. ValuEngine lowered shares of RCI Hospitality from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research raised shares of RCI Hospitality from a “sell” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday.
RICK traded down $0.16 during trading on Friday, reaching $22.03. 68,900 shares of the company’s stock were exchanged, compared to its average volume of 53,251. RCI Hospitality has a one year low of $18.50 and a one year high of $34.84. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.86 and a quick ratio of 0.77. The firm has a market capitalization of $214.37 million, a price-to-earnings ratio of 10.11 and a beta of 0.89.
RCI Hospitality (NASDAQ:RICK) last posted its earnings results on Monday, February 11th. The restaurant operator reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.14. RCI Hospitality had a net margin of 8.15% and a return on equity of 14.03%. The firm had revenue of $44.02 million for the quarter. During the same period in the previous year, the firm earned $0.53 earnings per share. As a group, equities research analysts predict that RCI Hospitality will post 2.4 EPS for the current year.
RCI Hospitality announced that its board has approved a share buyback plan on Thursday, January 3rd that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 11th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, March 8th. RCI Hospitality’s dividend payout ratio is currently 5.50%.
Several large investors have recently bought and sold shares of RICK. Northern Trust Corp boosted its position in shares of RCI Hospitality by 1.7% in the second quarter. Northern Trust Corp now owns 125,890 shares of the restaurant operator’s stock valued at $3,984,000 after acquiring an additional 2,101 shares during the period. First Trust Advisors LP boosted its holdings in RCI Hospitality by 35.5% in the third quarter. First Trust Advisors LP now owns 13,728 shares of the restaurant operator’s stock valued at $406,000 after acquiring an additional 3,596 shares in the last quarter. Cadence Capital Management LLC boosted its holdings in RCI Hospitality by 19.9% in the third quarter. Cadence Capital Management LLC now owns 73,983 shares of the restaurant operator’s stock valued at $2,191,000 after acquiring an additional 12,288 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in RCI Hospitality by 7.1% in the third quarter. JPMorgan Chase & Co. now owns 39,228 shares of the restaurant operator’s stock valued at $1,161,000 after acquiring an additional 2,612 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in RCI Hospitality by 23.4% in the third quarter. Prudential Financial Inc. now owns 20,820 shares of the restaurant operator’s stock valued at $616,000 after acquiring an additional 3,950 shares in the last quarter. 50.81% of the stock is currently owned by 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 Nightclubs, Bombshells, and Media Group segments. 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, 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.
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