RCI Hospitality Holdings Inc (NASDAQ:RICK) Announces $0.07 Quarterly Dividend

RCI Hospitality Holdings Inc (NASDAQ:RICK - Get Free Report) declared a quarterly dividend on Friday, June 6th, RTT News reports. Investors of record on Monday, June 16th will be paid a dividend of 0.07 per share by the restaurant operator on Monday, June 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, June 16th.

RCI Hospitality has raised its dividend payment by an average of 17.6% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. RCI Hospitality has a payout ratio of 4.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect RCI Hospitality to earn $6.35 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 4.4%.

RCI Hospitality Stock Performance

Shares of RICK stock traded up $1.28 during trading on Friday, reaching $41.68. The company had a trading volume of 27,661 shares, compared to its average volume of 80,260. The firm's 50 day simple moving average is $40.17 and its two-hundred day simple moving average is $47.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. RCI Hospitality has a one year low of $35.00 and a one year high of $61.66. The company has a market capitalization of $366.70 million, a PE ratio of 74.43 and a beta of 1.36.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The restaurant operator reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.39). RCI Hospitality had a net margin of 1.64% and a return on equity of 1.77%. The company had revenue of $65.88 million during the quarter, compared to the consensus estimate of $65.93 million. Sell-side analysts forecast that RCI Hospitality will post 4.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. HC Wainwright reaffirmed a "buy" rating and issued a $98.00 price target on shares of RCI Hospitality in a research report on Wednesday, April 9th. Wall Street Zen raised RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in RCI Hospitality in the 4th quarter worth approximately $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of RCI Hospitality by 12.8% during the 1st quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator's stock worth $1,114,000 after purchasing an additional 2,934 shares in the last quarter. 53.82% of the stock is owned by institutional investors.

About RCI Hospitality

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.