RCI Hospitality (NASDAQ:RICK) Director Yura Barabash Buys 888 Shares

Key Points

• Director Yura Barabash purchased 888 RCI Hospitality shares at an average price of $27.29, spending $24,233.52 and increasing his holdings by 77.28% to 2,037 shares.
• RCI Hospitality shares rose 4.3% to $29.25, 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, equivalent to $0.32 annually and a 1.1% yield; however, analyst coverage remains negative, with a consensus “Sell” rating.

RCI Hospitality Holdings, Inc. (NASDAQ:RICK - Get Free Report) Director Yura Barabash purchased 888 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average cost of $27.29 per share, with a total value of $24,233.52. Following the completion of the transaction, the director owned 2,037 shares in the company, valued at $55,589.73. This trade represents a 77.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

RCI Hospitality Stock Up 4.3%

NASDAQ RICK traded up $1.21 during trading hours on Thursday, hitting $29.25. The company had a trading volume of 45,778 shares, compared to its average volume of 60,900. The firm's 50 day moving average is $26.63 and its 200 day moving average is $24.84. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48. RCI Hospitality Holdings, Inc. has a fifty-two week low of $20.76 and a fifty-two week high of $38.25. The company has a market capitalization of $223.51 million, a price-to-earnings ratio of -71.35 and a beta of 0.76.

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

RCI Hospitality Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.32 annualized dividend and a yield of 1.1%. RCI Hospitality's payout ratio is -78.05%.

Institutional Trading of RCI Hospitality

Several large investors have recently modified their holdings of RICK. BNP Paribas Financial Markets lifted its stake in shares of RCI Hospitality by 62.0% in the second quarter. BNP Paribas Financial Markets now owns 847 shares of the restaurant operator's stock worth $32,000 after acquiring an additional 324 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in RCI Hospitality during the 4th quarter worth approximately $54,000. State of Wyoming acquired a new position in shares of RCI Hospitality in the 4th quarter valued at approximately $67,000. Copeland Capital Management LLC boosted its stake in shares of RCI Hospitality by 122.0% during the 1st quarter. Copeland Capital Management LLC now owns 3,305 shares of the restaurant operator's stock valued at $75,000 after buying an additional 1,816 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of RCI Hospitality during the 3rd quarter valued at approximately $115,000. 53.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d)" rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Sell".

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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