RCI Hospitality Holdings Inc to Issue Quarterly Dividend of $0.07 (NASDAQ:RICK)

RCI Hospitality Holdings Inc (NASDAQ:RICK - Get Free Report) announced a quarterly dividend on Wednesday, June 4th, RTT News reports. Shareholders 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 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Monday, June 16th.

RCI Hospitality has increased its dividend by an average of 17.6% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. RCI Hospitality has a payout ratio of 4.6% meaning 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 Trading Up 0.9%

NASDAQ RICK traded up $0.37 on Wednesday, hitting $40.64. 25,612 shares of the company were exchanged, compared to its average volume of 80,430. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.02 and a quick ratio of 0.92. The firm has a market capitalization of $357.55 million, a P/E ratio of 72.57 and a beta of 1.36. RCI Hospitality has a twelve month low of $35.00 and a twelve month high of $61.66. The company's 50 day moving average price is $40.34 and its 200-day moving average price is $48.06.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded 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.

Institutional Investors Weigh In On RCI Hospitality

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in RCI Hospitality in the 4th quarter valued at $211,000. AQR Capital Management LLC grew its stake in RCI Hospitality by 12.8% during the first 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in RCI Hospitality by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator's stock worth $214,000 after acquiring an additional 234 shares in the last quarter. Institutional investors and hedge funds own 53.82% of the company's stock.

RCI Hospitality Company 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.