RCI Hospitality (NASDAQ:RICK) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of RCI Hospitality (NASDAQ:RICK) from a buy rating to a hold rating in a research report released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of RCI Hospitality in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, RCI Hospitality presently has a consensus rating of “Sell”.

RCI Hospitality Trading Up 2.2%

NASDAQ:RICK opened at $30.18 on Friday. RCI Hospitality has a one year low of $20.76 and a one year high of $37.60. The business has a fifty day moving average price of $27.59 and a 200-day moving average price of $25.35. The firm has a market capitalization of $230.58 million, a price-to-earnings ratio of -73.61 and a beta of 0.76. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.56 and a quick ratio of 0.48.

RCI Hospitality (NASDAQ:RICK) last released its earnings results on Thursday, August 6th. The restaurant operator reported $0.90 earnings per share for the quarter. RCI Hospitality had a negative return on equity of 1.74% and a negative net margin of 1.48%.The company had revenue of $73.94 million for the quarter.

RCI Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 15th. RCI Hospitality’s dividend payout ratio (DPR) is presently -78.05%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quantinno Capital Management LP lifted its position in shares of RCI Hospitality by 320.1% in the first quarter. Quantinno Capital Management LP now owns 45,311 shares of the restaurant operator’s stock valued at $1,034,000 after acquiring an additional 34,525 shares in the last quarter. JB Capital Partners LP purchased a new stake in shares of RCI Hospitality during the second quarter worth about $1,639,200. PDT Partners LLC purchased a new stake in shares of RCI Hospitality during the second quarter worth about $1,184,000. Brighton Jones LLC bought a new stake in RCI Hospitality during the 4th quarter valued at approximately $211,000. Finally, Hsbc Holdings PLC bought a new stake in RCI Hospitality during the 2nd quarter valued at approximately $289,000. Hedge funds and other institutional investors own 53.82% of the company’s stock.

About RCI Hospitality

RCI Hospitality Holdings, Inc operates as a diversified hospitality and entertainment company focused on the ownership and operation of adult nightclubs and themed sports bars throughout the United States and select international markets. The company’s U.S. Nightclub segment includes venues branded as Rick’s Cabaret, Club Onyx and various other upscale adult entertainment clubs, offering private dance experiences, VIP services and live performances. Its Restaurant & Bar segment operates Bombshells, a brunch-themed sports bar chain featuring chef-driven menus, craft cocktails and game-day viewing in a military-inspired setting.

In addition to its brick-and-mortar venues, RCI Hospitality deploys proprietary digital platforms for talent recruitment, training and scheduling, helping to streamline operations and drive customer engagement.