Several other brokerages have also recently issued reports on RICK. ValuEngine cut RCI Hospitality from a buy rating to a hold rating in a report on Friday, December 1st. Zacks Investment Research cut RCI Hospitality from a buy rating to a hold rating in a report on Tuesday, December 5th. Finally, BidaskClub raised RCI Hospitality from a hold rating to a buy rating in a report on Thursday, January 18th.
Shares of RCI Hospitality (NASDAQ:RICK) opened at $29.33 on Thursday. RCI Hospitality has a twelve month low of $16.02 and a twelve month high of $33.78. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.96 and a quick ratio of 0.88. The stock has a market capitalization of $285.03, a PE ratio of 18.92 and a beta of 0.33.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $0.12 annualized dividend and a dividend yield of 0.41%. RCI Hospitality’s dividend payout ratio (DPR) is 13.95%.
Several hedge funds have recently modified their holdings of RICK. Schwab Charles Investment Management Inc. bought a new stake in shares of RCI Hospitality in the second quarter worth about $382,000. Bank of New York Mellon Corp increased its holdings in shares of RCI Hospitality by 46.9% in the second quarter. Bank of New York Mellon Corp now owns 59,834 shares of the restaurant operator’s stock worth $1,426,000 after purchasing an additional 19,091 shares during the last quarter. Teachers Advisors LLC bought a new stake in shares of RCI Hospitality in the second quarter worth about $386,000. TIAA CREF Investment Management LLC bought a new stake in shares of RCI Hospitality in the second quarter worth about $566,000. Finally, Nationwide Fund Advisors increased its holdings in shares of RCI Hospitality by 269.6% in the second quarter. Nationwide Fund Advisors now owns 6,848 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 4,995 shares during the last quarter. 48.69% of the stock is currently owned by hedge funds and other institutional investors.
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RCI Hospitality Company Profile
With more than 40 units, RCI Hospitality Holdings, Inc, through its subsidiaries, is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, and other cities operate under brand names, such as “Rick’s Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bars/restaurants operate under the brand name “Bombshells Restaurant & Bar.” Investors are attracted by RCI’s strong cash flow, operating margins and local laws that create high barriers to entry in the gentlemen’s club business.
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