HC Wainwright reissued their buy rating on shares of RCI Hospitality (NASDAQ:RICK – Free Report) in a report released on Monday morning,Benzinga reports. HC Wainwright currently has a $98.00 target price on the restaurant operator’s stock.
Separately, StockNews.com lowered RCI Hospitality from a “buy” rating to a “hold” rating in a report on Tuesday, December 17th.
Check Out Our Latest Analysis on RCI Hospitality
RCI Hospitality Price Performance
RCI Hospitality Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.07 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 0.49%. RCI Hospitality’s payout ratio is 87.50%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the company. Heck Capital Advisors LLC purchased a new stake in RCI Hospitality in the 4th quarter valued at about $53,000. Brighton Jones LLC purchased a new stake in shares of RCI Hospitality during the fourth quarter valued at approximately $211,000. Barclays PLC lifted its holdings in RCI Hospitality by 330.2% during the third quarter. Barclays PLC now owns 13,593 shares of the restaurant operator’s stock worth $605,000 after acquiring an additional 10,433 shares during the period. State Street Corp boosted its position in RCI Hospitality by 1.0% in the third quarter. State Street Corp now owns 196,913 shares of the restaurant operator’s stock worth $8,772,000 after purchasing an additional 2,023 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in RCI Hospitality by 146.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 4,961 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 2,948 shares during the period. 53.82% of the stock is owned by institutional investors.
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.
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