RCI Hospitality Holdings Inc (NASDAQ:RICK) Shares Bought by State Street Corp

State Street Corp increased its position in RCI Hospitality Holdings Inc (NASDAQ:RICK) by 1.0% during the third quarter, HoldingsChannel.com reports. The fund owned 196,913 shares of the restaurant operator’s stock after acquiring an additional 2,023 shares during the quarter. State Street Corp’s holdings in RCI Hospitality were worth $8,772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Progeny 3 Inc. boosted its position in RCI Hospitality by 23.5% during the second quarter. Progeny 3 Inc. now owns 460,968 shares of the restaurant operator’s stock worth $20,080,000 after purchasing an additional 87,832 shares in the last quarter. DHK Financial Advisors Inc. acquired a new position in shares of RCI Hospitality during the 2nd quarter worth $1,699,000. Aptus Capital Advisors LLC boosted its position in shares of RCI Hospitality by 24.8% in the 2nd quarter. Aptus Capital Advisors LLC now owns 51,663 shares of the restaurant operator’s stock worth $2,250,000 after buying an additional 10,275 shares in the last quarter. American Century Companies Inc. grew its stake in RCI Hospitality by 14.7% in the 2nd quarter. American Century Companies Inc. now owns 48,237 shares of the restaurant operator’s stock valued at $2,101,000 after acquiring an additional 6,174 shares during the last quarter. Finally, Scientech Research LLC purchased a new position in RCI Hospitality during the 2nd quarter valued at about $235,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

RCI Hospitality Stock Up 1.8 %

RICK opened at $58.43 on Friday. The firm has a market cap of $520.03 million, a P/E ratio of 112.37 and a beta of 1.60. The business’s fifty day simple moving average is $50.23 and its 200 day simple moving average is $46.33. RCI Hospitality Holdings Inc has a 52 week low of $37.61 and a 52 week high of $68.26. The company has a quick ratio of 0.82, a current ratio of 0.90 and a debt-to-equity ratio of 0.80.

RCI Hospitality Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.48%. RCI Hospitality’s dividend payout ratio is currently 87.50%.

Wall Street Analyst Weigh In

Several analysts have issued reports on RICK shares. HC Wainwright reaffirmed a “buy” rating and issued a $98.00 price target on shares of RCI Hospitality in a report on Wednesday, December 18th. StockNews.com downgraded RCI Hospitality from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th.

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.