Jane Street Group LLC trimmed its holdings in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 32.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 0.18% of RCI Hospitality worth $900,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of RCI Hospitality in the fourth quarter worth $211,000. Heck Capital Advisors LLC acquired a new position in RCI Hospitality during the 4th quarter valued at $53,000. Bank of New York Mellon Corp raised its stake in 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 valued at $3,773,000 after purchasing an additional 14,919 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in RCI Hospitality by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator's stock valued at $3,912,000 after purchasing an additional 363 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in RCI Hospitality by 233.4% during the 4th quarter. Victory Capital Management Inc. now owns 5,784 shares of the restaurant operator's stock valued at $332,000 after purchasing an additional 4,049 shares during the last quarter. 53.82% of the stock is owned by institutional investors.
RCI Hospitality Price Performance
Shares of RICK traded up $0.47 during trading hours on Thursday, hitting $40.66. The stock had a trading volume of 25,163 shares, compared to its average volume of 83,652. RCI Hospitality Holdings Inc has a 52 week low of $35.00 and a 52 week high of $61.66. The company's fifty day moving average is $40.71 and its two-hundred day moving average is $48.29. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. The stock has a market capitalization of $357.73 million, a price-to-earnings ratio of 72.61 and a beta of 1.41.
RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued 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 return on equity of 1.77% and a net margin of 1.64%. The company had revenue of $65.88 million for the quarter, compared to the consensus estimate of $65.93 million. On average, analysts anticipate that RCI Hospitality Holdings Inc will post 4.55 EPS for the current year.
RCI Hospitality Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 0.69%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's dividend payout ratio is currently 33.33%.
Analyst Ratings Changes
RICK has been the subject of several research analyst reports. HC Wainwright reiterated a "buy" rating and set a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th.
View Our Latest Analysis on RICK
RCI Hospitality Company Profile
(
Free Report)
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.
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