California State Teachers Retirement System Cuts Stake in RCI Hospitality Holdings Inc (NASDAQ:RICK)

California State Teachers Retirement System decreased its stake in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 92.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 609 shares of the restaurant operator's stock after selling 7,550 shares during the quarter. California State Teachers Retirement System's holdings in RCI Hospitality were worth $35,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in RCI Hospitality by 356.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock worth $49,000 after acquiring an additional 660 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in RCI Hospitality during the fourth quarter worth about $53,000. AlphaQuest LLC raised its stake in RCI Hospitality by 107.4% during the fourth quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 693 shares during the period. Brighton Jones LLC purchased a new position in RCI Hospitality during the fourth quarter worth about $211,000. Finally, TT Capital Management LLC purchased a new position in RCI Hospitality during the fourth quarter worth about $250,000. Institutional investors and hedge funds own 53.82% of the company's stock.

Analyst Ratings Changes

Separately, HC Wainwright reaffirmed a "buy" rating and set a $98.00 target price on shares of RCI Hospitality in a research note on Wednesday, April 9th.

RCI Hospitality Trading Up 1.8%

NASDAQ RICK traded up $0.70 on Monday, reaching $40.44. The stock had a trading volume of 23,252 shares, compared to its average volume of 79,283. The firm has a market capitalization of $355.79 million, a price-to-earnings ratio of 72.22 and a beta of 1.36. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. RCI Hospitality Holdings Inc has a 12-month low of $35.00 and a 12-month high of $61.66. The stock has a fifty day moving average price of $40.42 and a two-hundred day moving average price of $47.43.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last announced its earnings results 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). RCI Hospitality had a return on equity of 1.77% and a net margin of 1.64%. The business had revenue of $65.88 million for the quarter, compared to analysts' expectations of $65.93 million. As a group, sell-side analysts forecast that RCI Hospitality Holdings Inc will post 4.55 EPS for the current fiscal year.

RCI Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, June 16th. RCI Hospitality's payout ratio 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.