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

StockNews.com cut shares of RCI Hospitality (NASDAQ:RICKFree Report) from a buy rating to a hold rating in a research report report published on Saturday.

Several other research firms have also recently issued reports on RICK. HC Wainwright decreased their price target on RCI Hospitality from $115.00 to $98.00 and set a buy rating on the stock in a report on Monday, May 13th. TheStreet cut shares of RCI Hospitality from a b- rating to a c+ rating in a research report on Tuesday, March 5th.

View Our Latest Report on RCI Hospitality

RCI Hospitality Stock Performance

RICK stock opened at $47.92 on Friday. The company has a 50 day moving average price of $52.62 and a 200 day moving average price of $57.50. RCI Hospitality has a fifty-two week low of $46.32 and a fifty-two week high of $79.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.75 and a quick ratio of 0.66. The stock has a market capitalization of $447.09 million, a PE ratio of 23.49, a price-to-earnings-growth ratio of 1.04 and a beta of 1.69.

RCI Hospitality Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, March 14th. RCI Hospitality’s dividend payout ratio (DPR) is currently 11.76%.

Insider Activity

In other news, CEO Eric Scott Langan acquired 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $54.54 per share, for a total transaction of $54,540.00. Following the completion of the acquisition, the chief executive officer now owns 703,000 shares in the company, valued at $38,341,620. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other RCI Hospitality news, Director Johnson Martin Elaine acquired 842 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $48.05 per share, for a total transaction of $40,458.10. Following the transaction, the director now owns 9,927 shares of the company’s stock, valued at $476,992.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric Scott Langan bought 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $54.54 per share, with a total value of $54,540.00. Following the completion of the purchase, the chief executive officer now owns 703,000 shares in the company, valued at approximately $38,341,620. The disclosure for this purchase can be found here. Insiders purchased a total of 2,030 shares of company stock valued at $105,517 in the last ninety days. 8.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RICK. Quantbot Technologies LP acquired a new position in RCI Hospitality in the 3rd quarter worth $79,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of RCI Hospitality in the third quarter valued at about $98,000. EntryPoint Capital LLC boosted its position in shares of RCI Hospitality by 246.3% during the first quarter. EntryPoint Capital LLC now owns 3,958 shares of the restaurant operator’s stock worth $230,000 after buying an additional 2,815 shares during the period. Jump Financial LLC grew its holdings in shares of RCI Hospitality by 29.6% during the third quarter. Jump Financial LLC now owns 5,700 shares of the restaurant operator’s stock worth $346,000 after buying an additional 1,303 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new stake in RCI Hospitality in the 4th quarter valued at approximately $354,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

About RCI Hospitality

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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.

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