Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus target price of $34.00 for the company and are anticipating that the company will post $0.53 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RCI Hospitality an industry rank of 103 out of 255 based on the ratings given to its competitors.

Several brokerages recently weighed in on RICK. BidaskClub raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Monday, May 14th. Westpark Capital set a $34.00 target price on shares of RCI Hospitality and gave the stock a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research downgraded shares of RCI Hospitality from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, TheStreet raised shares of RCI Hospitality from a “c+” rating to a “b” rating in a research note on Wednesday, May 16th.

A number of institutional investors and hedge funds have recently made changes to their positions in RICK. MetLife Investment Advisors LLC purchased a new stake in RCI Hospitality during the 4th quarter worth approximately $133,000. First Trust Advisors LP purchased a new stake in RCI Hospitality during the 4th quarter worth approximately $224,000. A.R.T. Advisors LLC purchased a new stake in RCI Hospitality during the 1st quarter worth approximately $289,000. Citigroup Inc. increased its position in shares of RCI Hospitality by 686.0% in the 1st quarter. Citigroup Inc. now owns 10,241 shares of the restaurant operator’s stock valued at $290,000 after purchasing an additional 8,938 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of RCI Hospitality by 31.0% in the 4th quarter. Bessemer Group Inc. now owns 11,400 shares of the restaurant operator’s stock valued at $319,000 after purchasing an additional 2,700 shares during the last quarter. 49.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of RCI Hospitality traded down $0.94, reaching $30.57, on Friday, Marketbeat Ratings reports. The company had a trading volume of 2,143 shares, compared to its average volume of 41,918. The company has a market capitalization of $312.14 million, a price-to-earnings ratio of 21.45 and a beta of 0.47. RCI Hospitality has a 52-week low of $21.31 and a 52-week high of $33.78. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.06 and a current ratio of 1.16.

RCI Hospitality (NASDAQ:RICK) last released its quarterly earnings results on Thursday, May 10th. The restaurant operator reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.14. The business had revenue of $41.23 million for the quarter, compared to the consensus estimate of $40.27 million. RCI Hospitality had a net margin of 12.95% and a return on equity of 13.51%. During the same period in the previous year, the firm earned $0.39 EPS. equities analysts expect that RCI Hospitality will post 2.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 25th. Investors of record on Monday, June 11th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Friday, June 8th. RCI Hospitality’s payout ratio is currently 8.39%.

About RCI Hospitality

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in two segments, Nightclubs and Bombshells. The company owns 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, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Temptations Adult Cabaret, Scarlett's Cabaret, Silver City Cabaret, Cabaret East, and The Seville brands.

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