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

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

A number of other hedge funds have also made changes to their positions in RICK. Brighton Jones LLC bought a new position in RCI Hospitality during the 4th quarter valued at about $211,000. AQR Capital Management LLC grew its stake in shares of RCI Hospitality by 12.8% in the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of RCI Hospitality by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator's stock valued at $214,000 after purchasing an additional 234 shares during the last quarter. Invesco Ltd. boosted its holdings in RCI Hospitality by 4.5% in the 2nd quarter. Invesco Ltd. now owns 12,523 shares of the restaurant operator's stock valued at $477,000 after purchasing an additional 536 shares during the period. Finally, Marshall Wace LLP lifted its position in RCI Hospitality by 324.7% in the second quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator's stock valued at $880,000 after purchasing an additional 17,651 shares during the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RICK has been the subject of several research reports. Weiss Ratings reissued a "sell (d)" rating on shares of RCI Hospitality in a 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 analyst has rated the stock with a Sell rating, According to MarketBeat, RCI Hospitality presently has a consensus rating of "Sell".

RCI Hospitality Price Performance

RCI Hospitality stock traded up $0.83 during midday trading on Friday, hitting $30.36. 33,568 shares of the company's stock were exchanged, compared to its average volume of 62,238. The stock has a 50-day moving average price of $27.55 and a two-hundred day moving average price of $25.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.48 and a current ratio of 0.56. The company has a market cap of $231.95 million, a P/E ratio of -74.05 and a beta of 0.76. RCI Hospitality Holdings, Inc. has a 52-week low of $20.76 and a 52-week high of $37.60.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.The business had revenue of $73.94 million for the quarter.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, June 15th. RCI Hospitality's payout ratio is presently -78.05%.

About RCI Hospitality

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.