RCI Hospitality Holdings Inc (NASDAQ:RICK) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) by 2.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 475,370 shares of the restaurant operator’s stock after buying an additional 10,411 shares during the period. Vanguard Group Inc. owned 5.08% of RCI Hospitality worth $28,836,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of RCI Hospitality during the fourth quarter valued at approximately $28,000. Point72 Hong Kong Ltd bought a new stake in RCI Hospitality during the first quarter worth approximately $27,000. Cannell Capital LLC bought a new stake in RCI Hospitality during the first quarter worth approximately $28,000. Belpointe Asset Management LLC bought a new stake in RCI Hospitality during the first quarter worth approximately $39,000. Finally, Tower Research Capital LLC TRC raised its holdings in RCI Hospitality by 112.9% during the third quarter. Tower Research Capital LLC TRC now owns 528 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 53.82% of the company’s stock.

RCI Hospitality Stock Up 1.7 %

RICK stock opened at $51.99 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. RCI Hospitality Holdings Inc has a 1 year low of $50.43 and a 1 year high of $79.46. The company has a fifty day simple moving average of $56.36 and a 200 day simple moving average of $58.51. The firm has a market cap of $486.63 million, a PE ratio of 18.63, a PEG ratio of 1.05 and a beta of 1.65.

RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $73.90 million during the quarter, compared to analyst estimates of $73.30 million. RCI Hospitality had a net margin of 8.81% and a return on equity of 10.67%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.11 EPS. Sell-side analysts anticipate that RCI Hospitality Holdings Inc will post 4.37 EPS for the current fiscal year.

RCI Hospitality Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Thursday, March 14th. RCI Hospitality’s dividend payout ratio is 8.60%.

Insiders Place Their Bets

In related news, CEO Eric Scott Langan bought 1,000 shares of RCI Hospitality stock in a transaction that occurred on Friday, March 15th. The stock was acquired at an average price of $54.54 per share, for a total transaction of $54,540.00. Following the completion of the purchase, the chief executive officer now owns 703,000 shares in the company, valued at $38,341,620. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.34% of the company’s stock.

Analyst Upgrades and Downgrades

RICK has been the topic of several recent analyst reports. StockNews.com raised RCI Hospitality from a “hold” rating to a “buy” rating in a report on Monday. TheStreet cut RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th. Finally, HC Wainwright reiterated a “buy” rating and set a $115.00 price objective on shares of RCI Hospitality in a research report on Monday, February 12th.

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.