Q2 2024 EPS Estimates for RCI Hospitality Holdings Inc (NASDAQ:RICK) Lowered by Sidoti Csr

RCI Hospitality Holdings Inc (NASDAQ:RICK) – Stock analysts at Sidoti Csr lowered their Q2 2024 earnings estimates for RCI Hospitality in a report issued on Wednesday, April 10th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the restaurant operator will earn $0.92 per share for the quarter, down from their prior forecast of $1.01. The consensus estimate for RCI Hospitality’s current full-year earnings is $4.37 per share. Sidoti Csr also issued estimates for RCI Hospitality’s Q3 2024 earnings at $1.13 EPS, Q4 2024 earnings at $1.32 EPS, FY2024 earnings at $4.14 EPS, Q2 2025 earnings at $1.46 EPS, Q3 2025 earnings at $1.58 EPS, Q4 2025 earnings at $1.47 EPS and FY2025 earnings at $6.00 EPS.

Several other brokerages have also recently issued reports on RICK. TheStreet cut RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th. HC Wainwright reissued a “buy” rating and set a $115.00 target price on shares of RCI Hospitality in a research report on Monday, February 12th. Finally, StockNews.com raised shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Monday.

RCI Hospitality Stock Performance

NASDAQ RICK opened at $51.12 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.84 and a debt-to-equity ratio of 0.75. RCI Hospitality has a twelve month low of $50.43 and a twelve month high of $79.46. The business has a 50-day moving average price of $56.58 and a 200-day moving average price of $58.55. The firm has a market cap of $478.48 million, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.65.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Thursday, February 8th. The restaurant operator reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). RCI Hospitality had a net margin of 8.81% and a return on equity of 10.67%. The firm had revenue of $73.90 million for the quarter, compared to analysts’ expectations of $73.30 million. During the same quarter last year, the firm posted $1.11 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year.

Institutional Investors Weigh In On RCI Hospitality

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in RCI Hospitality by 5.1% during the second quarter. BlackRock Inc. now owns 593,419 shares of the restaurant operator’s stock valued at $45,094,000 after purchasing an additional 29,048 shares in the last quarter. Vanguard Group Inc. increased its position in shares of RCI Hospitality by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 492,823 shares of the restaurant operator’s stock valued at $32,654,000 after acquiring an additional 17,453 shares during the period. State Street Corp raised its stake in RCI Hospitality by 4.6% in the 1st quarter. State Street Corp now owns 175,211 shares of the restaurant operator’s stock worth $13,696,000 after acquiring an additional 7,733 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in RCI Hospitality by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 175,108 shares of the restaurant operator’s stock valued at $13,306,000 after purchasing an additional 7,751 shares during the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.

Insider Buying and Selling

In other news, CEO Eric Scott Langan bought 1,000 shares of the stock in a transaction on Friday, March 15th. The stock was acquired at an average cost of $54.54 per share, for a total transaction of $54,540.00. Following the acquisition, the chief executive officer now owns 703,000 shares of the company’s stock, valued at $38,341,620. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.34% of the stock is owned by insiders.

RCI Hospitality Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.47%. RCI Hospitality’s payout ratio is 8.60%.

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.