RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 68.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,953 shares of the restaurant operator's stock after selling 33,897 shares during the period. Bank of America Corp DE owned approximately 0.18% of RCI Hospitality worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of RCI Hospitality by 356.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock worth $49,000 after buying an additional 660 shares during the period. AlphaQuest LLC increased its holdings in RCI Hospitality by 107.4% in the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock valued at $77,000 after buying an additional 693 shares in the last quarter. Brighton Jones LLC purchased a new stake in shares of RCI Hospitality during the fourth quarter worth about $211,000. TT Capital Management LLC purchased a new stake in shares of RCI Hospitality during the fourth quarter worth about $250,000. Finally, Wells Fargo & Company MN boosted its position in RCI Hospitality by 38.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,839 shares of the restaurant operator's stock worth $278,000 after acquiring an additional 1,333 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RICK has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. HC Wainwright restated a "buy" rating and issued a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, April 9th.

RCI Hospitality Stock Down 0.1%

RCI Hospitality stock traded down $0.06 during mid-day trading on Wednesday, reaching $42.46. 64,536 shares of the company's stock were exchanged, compared to its average volume of 80,092. RCI Hospitality Holdings Inc has a twelve month low of $35.00 and a twelve month high of $61.66. The company has a fifty day moving average of $40.21 and a 200-day moving average of $47.74. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The company has a market cap of $373.56 million, a P/E ratio of 75.82 and a beta of 1.36.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The restaurant operator reported $0.36 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.39). RCI Hospitality had a net margin of 1.64% and a return on equity of 1.77%. The firm had revenue of $65.88 million during the quarter, compared to analysts' expectations of $65.93 million. Sell-side analysts expect that RCI Hospitality Holdings Inc will post 4.55 EPS for the current year.

RCI Hospitality Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Monday, June 16th. RCI Hospitality's dividend payout ratio is currently 33.33%.

RCI Hospitality Company Profile

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.