RCI Hospitality - RICK Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RCI Hospitality in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RICK shares.
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1 brokerages have issued 12 month target prices for RCI Hospitality's stock. Their RICK share price forecasts range from $100.00 to $120.00. On average, they expect the company's share price to reach $110.00 in the next twelve months. This suggests a possible upside of 52.6% 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 $77.88 at the start of the year. Since then, RICK stock has decreased by 7.5% and is now trading at $72.07.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 13th 2022.
View our RICK earnings forecast.

RCI Hospitality Holdings Inc (NASDAQ:RICK) issued its earnings results on Tuesday, December, 14th. The restaurant operator reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.91. The restaurant operator had revenue of $54.94 million for the quarter, compared to analysts' expectations of $55.43 million. RCI Hospitality had a trailing twelve-month return on equity of 23.73% and a net margin of 15.02%. During the same period in the previous year, the business earned $0.15 EPS.

RCI Hospitality announced a quarterly dividend on Wednesday, May 25th. Shareholders of record on Wednesday, June 15th will be given a dividend of $0.05 per share on Wednesday, June 29th. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Tuesday, June 14th.
Read our dividend analysis for RICK.

RCI Hospitality (NASDAQ:RICK) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.28%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 4.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RICK will have a dividend payout ratio of 3.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RICK.

RCI Hospitality announced that its board has authorized a stock repurchase plan 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 plans are typically a sign that the company's leadership 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 retail and institutional investors. Top institutional investors include State Street Corp (1.82%), Divisadero Street Capital Management LP (1.19%), Northern Trust Corp (0.98%), Intrinsic Edge Capital Management LLC (0.96%), Prudential Financial Inc. (0.85%) and Renaissance Technologies LLC (0.74%). Insiders that own company stock include Bradley Lim Chhay, Johnson Martin Elaine, 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 $72.07.

RCI Hospitality (NASDAQ:RICK) has a market capitalization of $669.53 million and generates $195.26 million in revenue each year. The restaurant operator earns $30.34 million in net income (profit) each year or $4.01 on an earnings per share basis.

The company employs 2,529 workers across the globe.

RCI Hospitality was founded in 1983.

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.