RCI Hospitality (RICK) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RCI Hospitality in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RICK shares.
View RICK analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 1 year target prices for RCI Hospitality's shares. Their RICK share price forecasts range from $125.00 to $126.00. On average, they anticipate the company's stock price to reach $125.50 in the next twelve months. This suggests a possible upside of 109.1% from the stock's current price.
View analysts price targets for RICK or view top-rated stocks among Wall Street analysts.

RCI Hospitality's stock was trading at $93.19 at the start of the year. Since then, RICK shares have decreased by 35.6% and is now trading at $60.03.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, December 13th 2023.
View our RICK earnings forecast.

RCI Hospitality Holdings Inc (NASDAQ:RICK) announced its quarterly earnings data on Wednesday, August, 9th. The restaurant operator reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.28 by $0.32. The restaurant operator had revenue of $77.06 million for the quarter, compared to analysts' expectations of $77.06 million. RCI Hospitality had a net margin of 12.99% and a trailing twelve-month return on equity of 16.85%.

RCI Hospitality announced a quarterly dividend on Wednesday, August 30th. Investors of record on Friday, September 15th will be given a dividend of $0.06 per share on Friday, September 29th. This represents a $0.24 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for RICK.

ETFs with the largest weight of RCI Hospitality (NASDAQ:RICK) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV) and Formidable ETF (FORH).First Trust Dow Jones Select Microcap Index Fund (FDM).

RCI Hospitality (NASDAQ:RICK) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.40%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RICK will have a dividend payout ratio of 3.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RICK.

RCI Hospitality declared that its board has authorized a share buyback program on Tuesday, May 24th 2022, which permits the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

11 employees have rated RCI Hospitality Chief Executive Officer Eric S. Langan on Glassdoor.com. Eric S. Langan has an approval rating of 64% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other RCI Hospitality investors own include NVIDIA (NVDA), Salesforce (CRM), Gilead Sciences (GILD), AT&T (T), Tesla (TSLA), Visa (V), Alibaba Group (BABA), Walt Disney (DIS), Southwest Airlines (LUV) and Mastercard (MA).

RCI Hospitality trades on the NASDAQ under the ticker symbol "RICK."

RCI Hospitality's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.29%), Dimensional Fund Advisors LP (3.65%), Geode Capital Management LLC (1.86%), State Street Corp (1.86%), Scholtz & Company LLC (1.29%) and Northern Trust Corp (1.00%). Insiders that own company stock include Bradley Lim Chhay, Johnson Martin Elaine, Travis Reese, Yura V Barabash and Yura V Barabash.
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Shares of RICK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RICK stock can currently be purchased for approximately $60.03.

RCI Hospitality (NASDAQ:RICK) has a market capitalization of $565.48 million and generates $267.62 million in revenue each year. The restaurant operator earns $46.04 million in net income (profit) each year or $4.05 on an earnings per share basis.

The company employs 3,219 workers across the globe.

RCI Hospitality's mailing address is 10737 CUTTEN ROAD, HOUSTON TX, 77066. The official website for the company is www.rcihospitality.com. The restaurant operator can be reached via phone at 281-397-6730, via email at gary.fishman@anreder.com, or via fax at 281-820-1445.