JB Capital Partners LP Makes New $1.64 Billion Investment in RCI Hospitality Holdings, Inc. $RICK

Key Points

• JB Capital Partners LP acquired 60,000 shares of RCI Hospitality Holdings in the second quarter, valued at approximately $1.64 billion, giving it a 0.79% stake. Institutional investors collectively own 53.82% of the company.
• RICK shares opened at $30.98, up 0.6%, with a market capitalization of roughly $236.7 million. The company recently paid a quarterly dividend of $0.08 per share, equivalent to an annualized yield of about 1.0%.
• Analyst sentiment remains negative overall: Weiss Ratings reiterated a “sell” rating, while Wall Street Zen upgraded the stock to “buy”; MarketBeat reports an average rating of “Sell.”

JB Capital Partners LP bought a new stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 60,000 shares of the restaurant operator's stock, valued at approximately $1,639,200,000. JB Capital Partners LP owned about 0.79% of RCI Hospitality at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC bought a new position in RCI Hospitality in the 4th quarter valued at $211,000. AQR Capital Management LLC increased its stake in shares of RCI Hospitality by 12.8% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of RCI Hospitality by 4.9% in the first 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. lifted its position in RCI Hospitality by 4.5% during the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator's stock worth $477,000 after buying an additional 536 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in RCI Hospitality by 324.7% during the 2nd quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator's stock worth $880,000 after acquiring an additional 17,651 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors.

RCI Hospitality Trading Up 0.6%

RICK stock opened at $30.98 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.56 and a debt-to-equity ratio of 0.89. RCI Hospitality Holdings, Inc. has a twelve month low of $20.76 and a twelve month high of $38.00. The company has a market cap of $236.69 million, a P/E ratio of -75.56 and a beta of 0.76. The business has a fifty day moving average of $27.36 and a 200-day moving average of $25.14.

RCI Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 15th. This represents a $0.32 dividend on an annualized basis and a yield of 1.0%. RCI Hospitality's dividend payout ratio is presently -78.05%.

Analyst Ratings Changes

Several research firms have weighed in on RICK. Weiss Ratings restated a "sell (d)" rating on shares of RCI Hospitality in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, RCI Hospitality has an average rating of "Sell".

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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