RCI Hospitality Holdings, Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:RICK)

Key Points

• RCI Hospitality Holdings, Inc. has declared a quarterly dividend of $0.07 per share, payable on September 30th to shareholders of record as of September 16th.
• The company reported Q2 earnings of $0.46 per share, significantly below the consensus estimate of $1.24, while revenue was slightly above expectations at $71.15 million.
• RCI Hospitality has a dividend payout ratio of 4.6%, indicating that its dividends are well-covered by earnings, with anticipated earnings for the next year at $6.35 per share.

RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Get Free Report) declared a quarterly dividend on Wednesday, September 3rd, RTT News reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.07 per share by the restaurant operator on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 0.8%.

RCI Hospitality has a dividend 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 Stock Performance

Shares of NASDAQ:RICK traded down $0.08 on Wednesday, reaching $36.24. The company's stock had a trading volume of 3,208 shares, compared to its average volume of 64,414. The stock has a market capitalization of $316.01 million, a P/E ratio of 19.48 and a beta of 1.17. RCI Hospitality has a 52-week low of $34.45 and a 52-week high of $61.66. The stock's 50-day moving average is $37.75 and its two-hundred day moving average is $41.03. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.92 and a quick ratio of 0.83.

RCI Hospitality (NASDAQ:RICK - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The restaurant operator reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by ($0.78). The firm had revenue of $71.15 million for the quarter, compared to analysts' expectations of $70.50 million. RCI Hospitality had a return on equity of 6.19% and a net margin of 5.88%. As a group, sell-side analysts forecast that RCI Hospitality will post 4.55 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in RCI Hospitality by 356.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 845 shares of the restaurant operator's stock worth $49,000 after acquiring an additional 660 shares during the period. BNP Paribas Financial Markets grew its stake in RCI Hospitality by 62.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 324 shares during the period. Heck Capital Advisors LLC purchased a new stake in RCI Hospitality in the 4th quarter worth approximately $53,000. GAMMA Investing LLC grew its stake in RCI Hospitality by 13,400.0% in the 1st quarter. GAMMA Investing LLC now owns 945 shares of the restaurant operator's stock worth $41,000 after acquiring an additional 938 shares during the period. Finally, State of Wyoming purchased a new stake in RCI Hospitality in the 1st quarter worth approximately $92,000. 53.82% of the stock is owned by hedge funds and other 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.

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