RCI Hospitality (NASDAQ:RICK) Cut to Hold at StockNews.com

StockNews.com cut shares of RCI Hospitality (NASDAQ:RICK) from a buy rating to a hold rating in a report issued on Friday.

Several other analysts also recently commented on the stock. Noble Financial cut their price objective on shares of RCI Hospitality from $150.00 to $125.00 and set an outperform rating on the stock in a research report on Monday, August 14th. HC Wainwright reissued a buy rating and set a $126.00 price objective on shares of RCI Hospitality in a research report on Friday, August 11th.

RCI Hospitality Stock Down 0.4 %

Shares of RCI Hospitality stock opened at $63.34 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.78 and a quick ratio of 0.69. The company has a 50-day moving average of $67.19 and a 200 day moving average of $73.19. The firm has a market cap of $596.66 million, a price-to-earnings ratio of 15.64, a PEG ratio of 1.22 and a beta of 1.65. RCI Hospitality has a 1 year low of $61.49 and a 1 year high of $97.45.

RCI Hospitality (NASDAQ:RICK) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.32). The business had revenue of $77.06 million during the quarter, compared to the consensus estimate of $77.06 million. RCI Hospitality had a return on equity of 16.85% and a net margin of 12.99%. As a group, sell-side analysts anticipate that RCI Hospitality will post 4.37 earnings per share for the current fiscal year.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, September 14th. RCI Hospitality’s dividend payout ratio (DPR) is 5.93%.

Institutional Trading of RCI Hospitality

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in shares of RCI Hospitality by 5.1% during the 2nd quarter. BlackRock Inc. now owns 593,419 shares of the restaurant operator’s stock valued at $45,094,000 after acquiring an additional 29,048 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of RCI Hospitality by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 422,141 shares of the restaurant operator’s stock valued at $27,583,000 after acquiring an additional 9,148 shares during the last quarter. State Street Corp boosted its holdings in shares of RCI Hospitality by 4.6% during the 1st quarter. State Street Corp now owns 175,211 shares of the restaurant operator’s stock valued at $13,696,000 after acquiring an additional 7,733 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of RCI Hospitality by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 175,108 shares of the restaurant operator’s stock valued at $13,306,000 after acquiring an additional 7,751 shares during the last quarter. Finally, Scholtz & Company LLC boosted its holdings in shares of RCI Hospitality by 3.1% during the 2nd quarter. Scholtz & Company LLC now owns 121,483 shares of the restaurant operator’s stock valued at $9,231,000 after acquiring an additional 3,632 shares during the last quarter. Hedge funds and other institutional investors own 41.76% of the company’s stock.

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’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.