RCI Hospitality (NASDAQ:RICK) Posts Quarterly Earnings Results, Misses Estimates 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 return on equity of 1.77% and a net margin of 1.64%.

RCI Hospitality Price Performance

NASDAQ:RICK traded up $1.35 on Monday, reaching $43.39. The stock had a trading volume of 78,603 shares, compared to its average volume of 85,555. The company has a market capitalization of $384.74 million, a P/E ratio of 77.48 and a beta of 1.41. RCI Hospitality has a 1-year low of $35.00 and a 1-year high of $61.66. The company has a quick ratio of 0.92, a current ratio of 1.02 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $41.89 and a 200-day moving average price of $48.76.

RCI Hospitality Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.07 per share. The ex-dividend date was Monday, March 17th. This represents a $0.28 annualized dividend and a dividend yield of 0.65%. RCI Hospitality's dividend payout ratio (DPR) is currently 50.00%.

Wall Street Analysts Forecast Growth

RICK has been the topic of several research reports. HC Wainwright restated a "buy" rating and set a $98.00 price objective on shares of RCI Hospitality in a report on Wednesday, April 9th. StockNews.com upgraded shares of RCI Hospitality from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th.

Hedge Funds Weigh In On RCI Hospitality

A hedge fund recently bought a new stake in RCI Hospitality stock. Brighton Jones LLC purchased a new stake in RCI Hospitality Holdings Inc (NASDAQ:RICK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,670 shares of the restaurant operator's stock, valued at approximately $211,000. 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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