Johnson Martin Elaine Buys 842 Shares of RCI Hospitality Holdings Inc (NASDAQ:RICK) Stock

RCI Hospitality Holdings Inc (NASDAQ:RICK) Director Johnson Martin Elaine bought 842 shares of RCI Hospitality stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $48.05 per share, with a total value of $40,458.10. Following the completion of the acquisition, the director now directly owns 9,927 shares of the company’s stock, valued at approximately $476,992.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

RCI Hospitality Price Performance

Shares of NASDAQ RICK opened at $48.37 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.75 and a quick ratio of 0.66. The firm’s 50 day simple moving average is $52.92 and its 200-day simple moving average is $57.59. RCI Hospitality Holdings Inc has a 12 month low of $46.32 and a 12 month high of $79.46. The stock has a market capitalization of $451.29 million, a price-to-earnings ratio of 23.71, a PEG ratio of 1.05 and a beta of 1.69.

RCI Hospitality Dividend Announcement

The firm also recently announced 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 0.50%. The ex-dividend date was Thursday, March 14th. RCI Hospitality’s dividend payout ratio (DPR) is presently 11.76%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of RCI Hospitality by 1.9% in the first quarter. Vanguard Group Inc. now owns 502,041 shares of the restaurant operator’s stock valued at $29,118,000 after purchasing an additional 9,218 shares during the period. Progeny 3 Inc. increased its holdings in shares of RCI Hospitality by 69.9% in the first quarter. Progeny 3 Inc. now owns 373,136 shares of the restaurant operator’s stock valued at $21,642,000 after purchasing an additional 153,561 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of RCI Hospitality by 184.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 66,737 shares of the restaurant operator’s stock valued at $4,048,000 after purchasing an additional 43,273 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of RCI Hospitality by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 52,782 shares of the restaurant operator’s stock valued at $3,202,000 after purchasing an additional 1,531 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of RCI Hospitality by 24.4% in the first quarter. Russell Investments Group Ltd. now owns 27,733 shares of the restaurant operator’s stock valued at $1,609,000 after purchasing an additional 5,432 shares during the last quarter. 53.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RICK has been the topic of several recent analyst reports. StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a report on Friday, May 10th. HC Wainwright cut their price objective on shares of RCI Hospitality from $115.00 to $98.00 and set a “buy” rating on the stock in a report on Monday. Finally, TheStreet downgraded shares of RCI Hospitality from a “b-” rating to a “c+” rating in a report on Tuesday, March 5th.

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.