Cubist Systematic Strategies LLC Purchases New Position in RCI Hospitality Holdings Inc (NASDAQ:RICK)

Cubist Systematic Strategies LLC purchased a new stake in RCI Hospitality Holdings Inc (NASDAQ:RICK) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,024 shares of the restaurant operator’s stock, valued at approximately $175,000.

Several other large investors have also recently added to or reduced their stakes in RICK. Progeny 3 Inc. increased 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 purchasing an additional 153,561 shares in the last quarter. DHK Financial Advisors Inc. purchased a new stake in shares of RCI Hospitality during the second quarter worth about $1,699,000. Aptus Capital Advisors LLC increased its position in shares of RCI Hospitality by 24.8% during the second 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 during the last quarter. Vanguard Group Inc. increased its position in shares of RCI Hospitality by 1.9% during the first quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock worth $29,118,000 after acquiring an additional 9,218 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of RCI Hospitality by 14.7% during the second quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock worth $2,101,000 after acquiring an additional 6,174 shares during the last quarter. 53.82% of the stock is currently owned by institutional investors and hedge funds.

RCI Hospitality Stock Up 0.5 %

Shares of RCI Hospitality stock opened at $42.04 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. The firm has a market cap of $392.02 million, a P/E ratio of 20.61 and a beta of 1.55. RCI Hospitality Holdings Inc has a fifty-two week low of $37.61 and a fifty-two week high of $69.40. The business has a 50-day moving average price of $44.08 and a 200 day moving average price of $46.30.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data 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). The firm had revenue of $76.18 million during the quarter, compared to the consensus estimate of $72.79 million. RCI Hospitality had a net margin of 1.67% and a return on equity of 1.76%. RCI Hospitality’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that RCI Hospitality Holdings Inc will post 0.66 earnings per share for the current fiscal year.

RCI Hospitality Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.07 dividend. This is a positive change from RCI Hospitality’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend was Monday, September 16th. RCI Hospitality’s payout ratio is currently 13.73%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RICK. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. HC Wainwright reaffirmed a “buy” rating and set a $98.00 target price on shares of RCI Hospitality in a research report on Wednesday, October 9th.

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.