RCI Hospitality Holdings Inc to Post Q2 2024 Earnings of $0.92 Per Share, Sidoti Csr Forecasts (NASDAQ:RICK)

RCI Hospitality Holdings Inc (NASDAQ:RICK) – Sidoti Csr lowered their Q2 2024 EPS estimates for shares of RCI Hospitality in a note issued to investors on Wednesday, April 10th. Sidoti Csr analyst A. Lebiedzinski now expects that the restaurant operator will post earnings of $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 equities analysts have also recently issued reports on the stock. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research note on Monday. TheStreet cut shares of RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th. Finally, HC Wainwright reissued a “buy” rating and set a $115.00 price target on shares of RCI Hospitality in a report on Monday, February 12th.

RCI Hospitality Stock Down 7.2 %

RCI Hospitality stock opened at $51.12 on Thursday. RCI Hospitality has a 12 month low of $50.43 and a 12 month high of $79.46. The stock has a fifty day simple moving average of $56.58 and a two-hundred day simple moving average of $58.55. The company has a current ratio of 0.84, a quick ratio of 0.75 and a debt-to-equity ratio of 0.75. The firm has a market cap of $478.48 million, a price-to-earnings ratio of 18.32, a PEG ratio of 1.05 and a beta of 1.65.

RCI Hospitality (NASDAQ:RICK) last posted its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.87 EPS 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 in the previous year, the company earned $1.11 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC increased its holdings in RCI Hospitality by 389.3% in the 2nd quarter. Renaissance Technologies LLC now owns 68,500 shares of the restaurant operator’s stock worth $3,313,000 after acquiring an additional 54,500 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of RCI Hospitality by 135.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,807 shares of the restaurant operator’s stock valued at $5,643,000 after purchasing an additional 52,799 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of RCI Hospitality by 184.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 66,737 shares of the restaurant operator’s stock valued at $4,048,000 after buying an additional 43,273 shares in the last quarter. Jane Street Group LLC boosted its holdings in RCI Hospitality by 716.2% in the 2nd quarter. Jane Street Group LLC now owns 46,850 shares of the restaurant operator’s stock worth $2,265,000 after buying an additional 41,110 shares during the period. Finally, Prudential Financial Inc. increased its stake in RCI Hospitality by 53.0% in the 1st quarter. Prudential Financial Inc. now owns 115,977 shares of the restaurant operator’s stock worth $7,128,000 after buying an additional 40,195 shares in the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at RCI Hospitality

In related news, CEO Eric Scott Langan purchased 1,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $54.54 per share, with a total value of $54,540.00. Following the completion of the acquisition, the chief executive officer now owns 703,000 shares of the company’s stock, valued at approximately $38,341,620. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.34% of the stock is currently owned by company insiders.

RCI Hospitality Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders 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 dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, March 14th. RCI Hospitality’s payout ratio is 8.60%.

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.