RCI Hospitality Holdings, Inc. $RICK Shares Bought by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its RCI Hospitality stake by 320.1% in the first quarter, owning 45,311 shares valued at approximately $1.03 million. Institutional investors collectively hold 53.82% of the company.
• Analyst sentiment remains negative despite Wall Street Zen upgrading the stock to “buy”; Weiss Ratings reiterated a “sell” rating, and RCI Hospitality has an overall average rating of “Sell.”
• RCI Hospitality reported quarterly EPS of $0.90 on revenue of $73.94 million and recently paid a quarterly dividend of $0.08 per share, equal to a 1.0% annualized yield.

Quantinno Capital Management LP grew its stake in RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Free Report) by 320.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,311 shares of the restaurant operator's stock after acquiring an additional 34,525 shares during the quarter. Quantinno Capital Management LP owned about 0.59% of RCI Hospitality worth $1,034,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC purchased a new stake in RCI Hospitality during the 4th quarter worth about $211,000. AQR Capital Management LLC lifted its holdings in 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 purchasing an additional 2,934 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $214,000 after purchasing an additional 234 shares during the last quarter. Invesco Ltd. boosted its stake in shares of 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 purchasing an additional 536 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of RCI Hospitality by 324.7% during the second quarter. Marshall Wace LLP now owns 23,087 shares of the restaurant operator's stock worth $880,000 after buying an additional 17,651 shares in the last quarter. Institutional investors and hedge funds own 53.82% of the company's stock.

Analysts Set New Price Targets

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

RCI Hospitality Stock Performance

RCI Hospitality stock opened at $30.87 on Friday. The stock has a fifty day moving average price of $26.86 and a 200 day moving average price of $24.92. RCI Hospitality Holdings, Inc. has a 52 week low of $20.76 and a 52 week high of $38.25. The firm has a market capitalization of $235.85 million, a P/E ratio of -75.29 and a beta of 0.76. The company has a current ratio of 0.56, a quick ratio of 0.48 and a debt-to-equity ratio of 0.89.

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

RCI Hospitality Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, June 15th. RCI Hospitality's dividend 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.

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