Millennium Management LLC Sells 30,389 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK)

Millennium Management LLC reduced its position in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) by 75.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,669 shares of the restaurant operator's stock after selling 30,389 shares during the period. Millennium Management LLC owned 0.11% of RCI Hospitality worth $556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of RCI Hospitality by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 68,070 shares of the restaurant operator's stock worth $3,912,000 after buying an additional 363 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in RCI Hospitality by 9.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,110 shares of the restaurant operator's stock worth $409,000 after acquiring an additional 629 shares during the period. Tower Research Capital LLC TRC raised its stake in RCI Hospitality by 356.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock valued at $49,000 after purchasing an additional 660 shares during the last quarter. AlphaQuest LLC boosted its holdings in RCI Hospitality by 107.4% in the 4th quarter. AlphaQuest LLC now owns 1,338 shares of the restaurant operator's stock valued at $77,000 after purchasing an additional 693 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in RCI Hospitality by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 45,900 shares of the restaurant operator's stock valued at $2,638,000 after purchasing an additional 922 shares during the period. 53.82% of the stock is currently owned by institutional investors and hedge funds.

RCI Hospitality Stock Performance

RICK traded down $0.59 during trading on Thursday, reaching $41.87. 49,624 shares of the company's stock were exchanged, compared to its average volume of 79,970. The company has a market capitalization of $368.37 million, a P/E ratio of 74.77 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. The business has a 50 day moving average price of $40.21 and a 200 day moving average price of $47.74. RCI Hospitality Holdings Inc has a fifty-two week low of $35.00 and a fifty-two week high of $61.66.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued 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). The business had revenue of $65.88 million for the quarter, compared to analyst estimates of $65.93 million. RCI Hospitality had a net margin of 1.64% and a return on equity of 1.77%. As a group, analysts predict that RCI Hospitality Holdings Inc will post 4.55 earnings per share for the current fiscal year.

RCI Hospitality Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. RCI Hospitality's dividend payout ratio is currently 33.33%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on RICK shares. Wall Street Zen upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. HC Wainwright reiterated a "buy" rating and issued a $98.00 price objective on shares of RCI Hospitality in a research report on Wednesday, April 9th.

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.