Jane Street Group LLC Sells 7,490 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Jane Street Group LLC trimmed its stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,667 shares of the restaurant operator's stock after selling 7,490 shares during the period. Jane Street Group LLC owned about 0.18% of RCI Hospitality worth $900,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in RICK. Arrowstreet Capital Limited Partnership grew its position in shares of RCI Hospitality by 1,839.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 155,525 shares of the restaurant operator's stock valued at $8,938,000 after acquiring an additional 147,508 shares during the period. American Century Companies Inc. lifted its stake in shares of RCI Hospitality by 63.7% during the 4th quarter. American Century Companies Inc. now owns 104,930 shares of the restaurant operator's stock worth $6,030,000 after buying an additional 40,822 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of RCI Hospitality during the 4th quarter worth about $1,498,000. Bank of New York Mellon Corp lifted its stake in shares of RCI Hospitality by 29.4% during the 4th quarter. Bank of New York Mellon Corp now owns 65,654 shares of the restaurant operator's stock worth $3,773,000 after buying an additional 14,919 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in RCI Hospitality in the 4th quarter valued at about $771,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on RICK. HC Wainwright restated a "buy" rating and issued a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

RCI Hospitality Trading Up 0.6%

Shares of NASDAQ:RICK traded up $0.26 during trading on Thursday, reaching $40.45. The stock had a trading volume of 1,402 shares, compared to its average volume of 83,505. The firm's fifty day moving average is $40.84 and its 200 day moving average is $48.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.92 and a current ratio of 1.02. RCI Hospitality Holdings Inc has a 52 week low of $35.00 and a 52 week high of $61.66. The stock has a market cap of $355.84 million, a price-to-earnings ratio of 72.22 and a beta of 1.41.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The restaurant operator reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.39). The business had revenue of $65.88 million for the quarter, compared to analyst estimates of $65.93 million. RCI Hospitality had a return on equity of 1.77% and a net margin of 1.64%. As a group, equities analysts forecast that RCI Hospitality Holdings Inc will post 4.55 EPS for the current fiscal year.

RCI Hospitality Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.69%. RCI Hospitality's dividend payout ratio (DPR) is currently 33.33%.

RCI Hospitality 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.