RCI Hospitality (NASDAQ:RICK) Director Johnson Martin Elaine Acquires 601 Shares of Stock

Key Points

• Director Elaine Martin Johnson purchased 601 RCI Hospitality shares at an average price of $28.95, increasing her stake by 5.11% to 12,352 shares.
• RCI Hospitality shares rose 0.8% to $28.77, while the company reported quarterly revenue of $73.94 million and earnings of $0.90 per share.
• The company declared a quarterly dividend of $0.08 per share, although analyst sentiment remains cautious, with a consensus “Sell” rating and negative net margin.

RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Get Free Report) Director Elaine Martin bought 601 shares of the stock in a transaction dated Tuesday, September 15th. The shares were bought at an average cost of $28.95 per share, with a total value of $17,398.95. Following the completion of the purchase, the director directly owned 12,352 shares of the company's stock, valued at approximately $357,590.40. This trade represents a 5.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

RCI Hospitality Trading Up 0.8%

RCI Hospitality stock traded up $0.23 during trading hours on Wednesday, hitting $28.77. The company had a trading volume of 21,196 shares, compared to its average volume of 61,128. The firm has a market cap of $219.80 million, a P/E ratio of -70.17 and a beta of 0.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.48 and a current ratio of 0.56. RCI Hospitality Holdings, Inc. has a 1 year low of $20.76 and a 1 year high of $32.02. The company has a 50-day moving average price of $28.02 and a two-hundred day moving average price of $25.89.

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

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 15th. RCI Hospitality's dividend payout ratio (DPR) is presently -78.05%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RICK. Wall Street Zen upgraded RCI Hospitality from a "hold" rating to a "buy" rating in a report on Sunday, September 6th. Weiss Ratings restated a "sell (d)" rating on shares of RCI Hospitality in a report on Monday, August 31st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, RCI Hospitality presently has a consensus rating of "Sell".

Hedge Funds Weigh In On RCI Hospitality

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new position in shares of RCI Hospitality in the 2nd quarter worth $224,000. Hsbc Holdings PLC bought a new stake in RCI Hospitality during the second quarter valued at about $289,000. Man Group plc purchased a new position in RCI Hospitality in the second quarter valued at about $1,085,000. PDT Partners LLC purchased a new position in RCI Hospitality in the second quarter valued at about $1,184,000. Finally, Canada Pension Plan Investment Board bought a new position in RCI Hospitality in the second quarter worth about $355,000. 53.82% of the stock is owned by hedge funds and other institutional investors.

About RCI Hospitality

RCI Hospitality Holdings, Inc is a Houston-based hospitality and entertainment company that operates adult nightclubs, sports bars and restaurants in the United States. Its businesses serve customers through a portfolio of company-owned and franchised venues, with operations focused primarily on adult entertainment and casual dining.

The company's adult entertainment venues operate under brands that include Rick's Cabaret, Club Onyx, Tootsie's Cabaret and Scarlett's Cabaret. RCI also operates Bombshells Restaurant & Bar, a military-themed sports bar and restaurant concept offering food, beverages and televised sporting events.

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