RCI Hospitality Holdings, Inc. Declares Quarterly Dividend of $0.08 (NASDAQ:RICK)

Key Points

• RCI Hospitality declared a quarterly dividend of $0.08 per share, payable September 30 to shareholders of record on September 15. The dividend yields approximately 1.1% annually and has a low 5.2% payout ratio.
• RICK shares fell $1.05 to $29.13 in mid-day trading, with the stock ranging between $20.76 and $37.60 over the past year. The company has a market capitalization of approximately $222.6 million.
• Institutional investors own 53.82% of RCI Hospitality, with Marshall Wace notably increasing its stake by 324.7% during the second quarter.

RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Get Free Report) declared a quarterly dividend on Monday, August 31st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.08 per share by the restaurant operator on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 15th.

RCI Hospitality has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. RCI Hospitality has a payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings.

RCI Hospitality Price Performance

RCI Hospitality stock traded down $1.05 during mid-day trading on Monday, reaching $29.13. The company had a trading volume of 53,726 shares, compared to its average volume of 62,404. RCI Hospitality has a fifty-two week low of $20.76 and a fifty-two week high of $37.60. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89. The company has a market cap of $222.55 million, a P/E ratio of -71.05 and a beta of 0.76. The business has a fifty day simple moving average of $27.59 and a 200 day simple moving average of $25.37.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter. RCI Hospitality had a negative net margin of 1.48% and a negative return on equity of 1.74%. The company had revenue of $73.94 million during the quarter.

Institutional Trading of RCI Hospitality

Several institutional investors have recently modified their holdings of RICK. Brighton Jones LLC bought a new position in RCI Hospitality during the 4th quarter worth $211,000. AQR Capital Management LLC grew its position in shares of RCI Hospitality by 12.8% in the 1st quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator's stock valued at $1,114,000 after buying an additional 2,934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of RCI Hospitality by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator's stock valued at $214,000 after buying an additional 234 shares during the last quarter. Invesco Ltd. increased its stake in shares of RCI Hospitality by 4.5% in the second quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator's stock valued at $477,000 after buying an additional 536 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of RCI Hospitality by 324.7% in the second quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator's stock valued at $880,000 after buying an additional 17,651 shares during the period. Institutional investors own 53.82% of the company's stock.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company's U.S. Nightclub segment includes venues branded as Rick's Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.

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