RCI Hospitality (NASDAQ:RICK) Releases Quarterly Earnings Results, Misses Expectations By $0.39 EPS

RCI Hospitality (NASDAQ:RICK - Get Free Report) posted its quarterly earnings data on Monday. The restaurant operator reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.39), Zacks reports. RCI Hospitality had a net margin of 1.64% and a return on equity of 1.77%. The firm had revenue of $65.88 million during the quarter, compared to analysts' expectations of $65.93 million.

RCI Hospitality Stock Down 0.9%

Shares of RICK stock traded down $0.37 during trading hours on Friday, reaching $43.01. 30,685 shares of the stock were exchanged, compared to its average volume of 84,694. The business's fifty day moving average is $41.64 and its two-hundred day moving average is $48.72. The firm has a market capitalization of $381.37 million, a P/E ratio of 76.80 and a beta of 1.41. RCI Hospitality has a 12-month low of $35.00 and a 12-month high of $61.66. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Monday, March 17th. RCI Hospitality's payout ratio is presently 33.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in RCI Hospitality in the fourth quarter valued at $211,000. AQR Capital Management LLC increased its position in shares of 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of RCI Hospitality by 4.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,979 shares of the restaurant operator's stock valued at $214,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 53.82% of the company's stock.

Analyst Ratings Changes

RICK has been the subject of several recent research reports. HC Wainwright reissued a "buy" rating and issued a $98.00 price objective on shares of RCI Hospitality in a research note on Wednesday, April 9th. StockNews.com raised shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

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.