RCI Hospitality (NASDAQ:RICK) Issues Quarterly Earnings Results

Key Points

• RCI Hospitality reported a quarterly earnings per share (EPS) of $0.46, with a net margin of 2.53% and return on equity of 2.71%.
• The company's stock price increased by 3.5% on the trading day, reaching $36.25, with a market capitalization of $317.55 million.
• RCI Hospitality announced a quarterly dividend of $0.07, representing an annualized yield of 0.8%, with a payout ratio of 33.33%.

RCI Hospitality (NASDAQ:RICK - Get Free Report) posted its quarterly earnings results on Monday. The restaurant operator reported $0.46 earnings per share (EPS) for the quarter, Zacks reports. RCI Hospitality had a net margin of 2.53% and a return on equity of 2.71%.

RCI Hospitality Stock Up 3.5%

Shares of NASDAQ:RICK traded up $1.21 during trading on Monday, reaching $36.25. 119,919 shares of the company traded hands, compared to its average volume of 76,189. The company has a quick ratio of 0.88, a current ratio of 0.98 and a debt-to-equity ratio of 0.83. RCI Hospitality has a 1-year low of $34.58 and a 1-year high of $61.66. The firm has a fifty day simple moving average of $38.89 and a 200 day simple moving average of $42.82. The firm has a market cap of $317.55 million, a P/E ratio of 43.16 and a beta of 1.39.

RCI Hospitality Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.07 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.8%. RCI Hospitality's dividend payout ratio is presently 33.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RICK. Brighton Jones LLC bought a new stake in RCI Hospitality in the fourth quarter valued at about $211,000. AQR Capital Management LLC increased its stake in RCI Hospitality by 12.8% in the first quarter. AQR Capital Management LLC now owns 25,938 shares of the restaurant operator's stock valued at $1,114,000 after acquiring an additional 2,934 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in RCI Hospitality by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator's stock worth $214,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 53.82% of the company's stock.

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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