RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its holdings in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 32.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,667 shares of the restaurant operator's stock after selling 7,490 shares during the period. Jane Street Group LLC owned approximately 0.18% of RCI Hospitality worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC purchased a new position in shares of RCI Hospitality in the fourth quarter worth about $544,000. Price T Rowe Associates Inc. MD raised its position in RCI Hospitality by 9.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,110 shares of the restaurant operator's stock worth $409,000 after buying an additional 629 shares during the last quarter. Tower Research Capital LLC TRC raised its position in RCI Hospitality by 356.8% during the 4th 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 last quarter. Marshall Wace LLP acquired a new position in RCI Hospitality during the fourth quarter valued at $1,498,000. Finally, XTX Topco Ltd acquired a new position in shares of RCI Hospitality in the 4th quarter valued at about $433,000. 53.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. HC Wainwright reaffirmed a "buy" rating and set a $98.00 target price on shares of RCI Hospitality in a report on Wednesday, April 9th. Wall Street Zen upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.

RCI Hospitality Price Performance

Shares of RICK stock traded up $1.86 during trading hours on Tuesday, hitting $41.10. 31,178 shares of the company's stock were exchanged, compared to its average volume of 83,937. RCI Hospitality Holdings Inc has a fifty-two week low of $35.00 and a fifty-two week high of $61.66. The firm has a market cap of $361.60 million, a P/E ratio of 73.39 and a beta of 1.41. 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 firm has a 50 day moving average of $41.03 and a two-hundred day moving average of $48.46.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The restaurant operator reported $0.36 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.39). RCI Hospitality had a return on equity of 1.77% and a net margin of 1.64%. The company had revenue of $65.88 million during the quarter, compared to analysts' expectations of $65.93 million. Sell-side analysts forecast 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's dividend payout ratio is presently 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.