Victory Capital Management Inc. Makes New $76,000 Investment in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Victory Capital Management Inc. acquired a new stake in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,735 shares of the restaurant operator’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of RCI Hospitality by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock valued at $29,118,000 after acquiring an additional 9,218 shares during the period. Progeny 3 Inc. raised its holdings in RCI Hospitality by 69.9% in the 1st quarter. Progeny 3 Inc. now owns 373,136 shares of the restaurant operator’s stock valued at $21,642,000 after buying an additional 153,561 shares during the period. Bank of New York Mellon Corp increased its holdings in RCI Hospitality by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,704 shares of the restaurant operator’s stock valued at $2,644,000 after purchasing an additional 4,126 shares during the last quarter. Aptus Capital Advisors LLC lifted its stake in RCI Hospitality by 24.8% during the 2nd quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock worth $2,250,000 after acquiring an additional 10,275 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in RCI Hospitality by 24.4% during the 1st quarter. Russell Investments Group Ltd. now owns 27,733 shares of the restaurant operator’s stock worth $1,609,000 after buying an additional 5,432 shares during the period. Institutional investors and hedge funds own 53.82% of the company’s stock.

RCI Hospitality Price Performance

Shares of NASDAQ RICK opened at $44.71 on Wednesday. The stock has a market cap of $416.92 million, a price-to-earnings ratio of 21.92, a PEG ratio of 5.37 and a beta of 1.56. The company’s 50-day moving average price is $45.41 and its 200 day moving average price is $47.55. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $69.40. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.

RCI Hospitality (NASDAQ:RICK) last issued its earnings results on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($1.27). RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. The firm had revenue of $76.18 million during the quarter, compared to analysts’ expectations of $72.79 million. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, research analysts forecast that RCI Hospitality Holdings Inc will post 0.69 earnings per share for the current fiscal year.

RCI Hospitality Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.07 dividend. This is a boost from RCI Hospitality’s previous quarterly dividend of $0.06. The ex-dividend date is Monday, September 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.63%. RCI Hospitality’s payout ratio is 13.73%.

Wall Street Analyst Weigh In

A number of brokerages have commented on RICK. StockNews.com downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. HC Wainwright reiterated a “buy” rating and set a $98.00 price target on shares of RCI Hospitality in a research note on Tuesday, September 17th.

RCI Hospitality 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.